BitTorrent Rebrands for Web3 Push, Completes First-Ever BTT Token Burn
Photo: TheCoinrise
The file-sharing pioneer repositions itself as Web3 infrastructure while executing its inaugural burn of BTT tokens. BitTorrent, the peer-to-peer file-sharing network with roots stretching back to the early 2000s, has unveiled a strategic rebrand. The company says the shift is meant to reposition its platform as infrastructure for the next generation of Web3 applications. Alongside the rebrand, BitTorrent carried out its first-ever burn of BTT, the native token tied to its decentralized ecosystem. The rebrand signals an attempt to move beyond BitTorrent's legacy identity as a file-sharing protocol.
Source: TheCoinrise
