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Tron founder Justin Sun splurged over $6 million on a non-fungible token (NFT) created by digital artist Mike Winklemann, as per a tweet this morning.
Tron has been marred with controversy ever since its launch in 2017.
The outspoken, media-loving crypto entrepreneur claimed he would support the cause in a tweet this morning.
Data shows a staggering 96% of all transactions on decentralized finance (DeFi) applications take place on Ethereum, the world’s second-largest blockchain network by market cap.
Tron is finally delving into DeFi after Justin Sun, the entrepreneur-founder of the cryptocurrency project, shared this image amid 2019’s Consensus conference.
Regular visitors to Crypto Twitter likely know of the image seen below.
Dogecoin (DOGE) has been on a hell of a rally over the past few days.
Massive exchanges have long been a major point of centralization within the crypto industry, with this being further confirmed by recent actions reportedly taken by some major exchanges to pose a “hostile takeover” of the Steem blockchain using stakeholders’ deposited tokens.
Ever since Tron founder Justin Sun made his infamous $4.58 million winning bid to lunch with Warren Buffett, the event has been surrounded by hype.
The Justin Sun-led blockchain company TRON has been on a spending spree, acquiring major blockchain companies and announcing a plethora of notable partnerships in an effort to craft utility around their blockchain and subsequently provide value for the TRX token.