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BitTorrent announces new live streaming product

Steven Zheng
BitTorrent is getting back into the live streaming game. The firm announced Tuesday that it's accepting beta testers for BitTorrent Live, a live streaming service which lets users create live content and share it within their social circle.The post BitTorrent announces new live streaming product appeared first on The Block.

BitTorrent is getting back into the live streaming game.

The firm announced Tuesday that it's accepting beta testers for BitTorrent Live, a live streaming service which lets users create live content and share it within their social circle. The service will be similar to the popular TikTok streaming app, according to a BitTorrent representative.

"Imagine chatting with your favorite athlete, becoming immersed in a music festival, or meeting new friends to share your passions - all by simply firing up the BitTorrent Live app," said Justin Sun, CEO of BitTorrent. "By using our decentralized technology, we aim to create a boundary-free internet but also be at the forefront of a new content experience." BitTorrent was acquired by Sun's other company, TRON, in 2018 for a rumored $126 million.

This is BitTorrent's second attempt at creating a live streaming service. In 2016, the firm announced a product by the same name. The product was ultimately shut down a year later after BitTorrent unsuccessfully tried to raise money to spin it out as a separate company.