Tron has entered into a wide ranging partnership with DuckDAO. As a part of this cooperation, all Tron projects will be accessible on DuckDAO, and participate in IDOs. DuckDAO’s service will be available via Tron, and DuckDAO will have the potential to help Tron projects grow.
Ken, the Co-Founder of DuckDAO, told media,
“TRON is establishing itself as a powerhouse in the DeFi market, with one of the biggest and most active communities in the entire crypto space…This partnership with TRON is an extension of our efforts to collaborate with the largest blockchain ecosystems.”
DuckDAO is a community-driven project incubator that operates in the DeFi space. It provides access to capital and expertise, as well as a knowledge base for new projects. It initially operated in the Ethereum space but has branched out into both the Binance Smart Chain and the Poladot platforms.
New Connections for Tron on DuckDAO
Tron has been able to grow its presence in the blockchain space by offering unique capabilities to the community, like its inexpensive and fast Proof-of-Stake (PoS) architecture. While other platforms, like Ethereum, have become expensive and slow to use, Tron has remained a quick option for developers.
Justin Sun, the founder of TRON and CEO of BitTorrent, commented,
“Forging partnerships with excellent blockchain solutions like DuckDAO has been paramount to TRON’s growing success…We are excited to be collaborating with the DuckDAO team to further expand the capabilities of both projects.”
Tron recently became a go-to platform for NFTs, which need to have access to a network that isn’t as expensive as Ethereum. There are also other reasons why Tron has become a popular platform, and why this partnership could help it grow.
NFTs and Beyond
Tron and DuckDAO are operating in a market that is looking for new platforms to help offset the growing demand for cryptos, and crypto-backed products.
Recently, singer and celebrity Lindsay Lohan opted to use the Tron ecosystem (via the JUST.FAN marketplace) to begin selling her new line of NFTs, as the costs associated with Ethereum have become prohibitively expensive for many products.
In addition to costs and transaction time, Tron offers people blockchain options that are less harmful to the environment. Proof-of-Work (PoW) systems use a lot of energy, which is one of the reasons why some people assert that cryptos are bad for the environment.
In fact, the only reason why this is the case is that crypto platforms like Bitcoin and Ethereum have become so popular, and use PoW systems.
As a native PoS platform, Tron offers its users an option that isn’t energy-intensive, and also will likely be able to scale up without the kinds of issues that PoW systems like Ethereum have run into.
A Bright Future for Tron
Like any industry, blockchain development needs money to advance projects. With the help of the community at DuckDAO, Tron developers are able to connect with a new pool of capital, as well as a group of future-minded investors and developers.
Despite its efficiency, Tron is still not as large as some of the other blockchain platforms, like Ethereum or Polkadot. As more people realize that from a user perspective, there isn’t much of a difference between Tron and Ethereum, more devs may opt for the faster speeds and lower costs that Tron offers.
It is very likely that we are still in the early days of decentralization, even though the industry has been around for more than a decade. With wider adoption will come the need for more efficient and scalable platforms, which is what Tron already has waiting for the markets.