Share this article

Samsung Adds Support for Tron Network to Blockchain Dapp Store

Tron founder Justin Sun will appear on stage at the Samsung Developer Conference to announce a new partnership.

Updated Sep 13, 2021, 11:38 a.m. Published Oct 29, 2019, 1:35 p.m.
Justin Sun speaks at Consensus 2019.
Justin Sun speaks at Consensus 2019.

Tron founder Justin Sun will appear on stage at the Samsung Developer Conference on Wednesday to announce a new partnership between his crypto company and the telecom giant.

Tron will be integrated into the software development kit (SDK) of the Samsung Blockchain Keystore, which helps users manage private keys. The SDK allows coders build with the Tron network by giving them direct access to the blockchain via Samsung devices.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

It’s still unclear how this partnership changes anything for TRX token users, beyond wallet support. In the days leading up to the announcement, Sun tweeted about a partnership with a “megacorporation” that would “broadly distribute $Tron Dapps [decentralized applications] and tokens to billions of customers.”

The Pew Research Center estimated that 5 billion people currently have access to mobile devices, only half of which are smartphones. Considering Samsung is among the top hardware sellers alongside Apple and Huawei, which have both captured significant market share, it would be a stretch to imagine even 1 billion users gaining access to the Samsung Blockchain Keystore. (CoinDesk was unable to reach Samsung for comment. We will update the article if we hear back.)

Beyond mobile wallets, Samsung devices should have the same direct access to Tron blockchain data. This could, in theory, make it easier for dapp developers to make products for Samsung users that don’t rely on third-party wallets.

As such, Sun heralded this new conduit as a “milestone” for Tron. According to Tron’s latest report, there are roughly 3.9 million Tron wallet accounts and 611 dapps.

In a WhatsApp message, Sun told CoinDesk the partnership would make it easier for “millions of users of Samsung devices” because developers can build applications using Samsung devices.

"One of the biggest frictions in the dapp user experience is the wallet,” Sun told CoinDesk, adding:

“With the Tron/Samsung integration, users won't need any third party wallet anymore. And develops can just focus on the content they are building and provide a seamless experience to end users.”

Justin Sun image via CoinDesk archives

Plus pour vous

Pudgy Penguins: A New Blueprint for Tokenized Culture

Pudgy Title Image

Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

Ce qu'il:

Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

Plus pour vous

HYPE token's 30% surge is a story of crypto-traditional market convergence, treasury firm says

HYPE's price rise in candlestick format. (CoinDesk)

HYPE has surged 30%, outperforming bitcoin, ether and the CoinDesk 20 index by a big margin.

Ce qu'il:

  • Hyperliquid's HYPE token has surged more than 30% to $33, far outpacing bitcoin, ether and the broader crypto market, as trading activity on the platform accelerates.
  • The token rally represents the merging of traditional assets with the crypto world, according to Hyperion DeFi, which is a HYPE treasury company.
  • Originally a crypto perpetuals exchange, Hyperliquid has expanded into tokenized trading of equity indices, individual stocks, commodities and major fiat pairs via its HIP-3 upgrade.