Peer-to-peer file-sharing company BitTorrent has announced its acquisition of blockchain-powered live streaming platform DLive.
The plan is to incorporate DLive and all BitTorrent-related services under one package, creating a unified offering entitled BitTorrent X. This move marks an evolution for the company, transitioning from a software company to a conglomerate made up of storage, data protocols, and content distribution options. BitTorrent and DLive are no strangers to each other, however, having initially formed a strategic partnership in December 2019. The deal saw the streaming platform joined BitTorrent’s ecosystem and it’s safe to assume that it was successful considering this development.
This marks an important milestone in the evolution of DLive — it started its journey when it launched a beta in December 2017, in April 2019 PewDiePie exclusively streamed on the platform, and later that year in November, it integrated with Streamlabs OBS. It’s brought on plenty of other entertaining streamers along its journey, too.
“We are more than excited to join the BitTorrent ecosystem as the collaboration will provide us with more innovative solutions to empower content creators and reward communities,” said Charles Wayn, DLive’s CEO. “Together with the BitTorrent team, we look forward to bringing disruptive innovations to the digital media space, and furthermore create value for our global community.”
The newly-formed BitTorrent X ecosystem will contain storage through BitTorrent File System, distribution through BitTorrent, and streaming through DLive. The company hopes that this will help in “establishing a truly decentralized internet” by driving “blockchain-related tools to billions of devices.” With the current streaming landscape fragmented among several major platforms, we’re sure DLive — with new ownership to boot — will be looking to step up, especially after the collapse of Mixer. More information on the newly-formed BitTorrent X is slated to be unveiled during a live event in November.