TRONLINK, a chrome wallet for Tron (TRX) has been acquired by Raybo, a Tron Super Representative said to be the first blockchain firm in China.
According to TronWatch, the former custodian of the chrome wallet said in the beginning of January that the chrome Extension was “acquired by a different organization”.
In an update, TronWatch says it sold off the wallet because it wants to focus on the right projects.
“The reason for this decision is because we want to be able to focus on the right projects for us, which is also why our Desktop Wallet was deprecated.”
While TronWatch did not reveal the organisation that bought the wallet, available information on Trademarkia.com revealed that Raybo (Beijing) Technology Co., Ltd filed a U.S. federal trademark registration number 88272123 for TRONLINK.
The platform inferred that the trademark was descripted with:
- Computer software for use in data search of block chain investment platforms;
- Computer software for use in securities exchange and virtual currency exchange;
- Downloadable mobile applications for use in data search of block chain investment platforms;
- Downloadable mobile applications for use in securities exchange and virtual currency exchange.
Raybo was announced as a Tron Super Representative last year. Raybo is an IT giant said to be owned by Justin Sun. Raybo was Justin’s maiden blockchain project established in China in March 2014.
In an interview with South China Morning Post last year, Justin Sun, said he struggled to finance the firm in the early days of blockchain technology.
“For a while the company had a hard time. The worst for me was when I borrowed $700,000 and struggled to repay it. The company was that close to collapse,” he said.
Meanwhile, Tron Foundation and Raybo are linked in this project, and it is easy to say the Foundation acquired the platform. This revelation was first made by one Lucas, a Tron enthusiasts.