Justin Sun, founder of TRON and CEO of file sharing software BitTorrent, won the bid for the first time ever golden whale lane, an NFT token (non-fungible token) built on the Bitcoin Liquid side chain and minted by NFTglee. Sun Whale Pass bought for 12.6 BTC, making it the highest price NFT next to Bitcoin ever sold.
Sun said the purchase marked a significant milestone for Bitcoin.
“Bitcoin is one of the best ways to store value,” Sun said, “but not many people know that you can actually develop an NFT on the Bitcoin network.”
He believes that this sale will raise awareness of the possibility of doing so and attract more developers to build NFTs on the Bitcoin layers, such as Liquid.
However, the purchase was not just a token offer to support Bitcoin NFTs. Sun noted the real-world benefits associated with the Golden Whale Pass NFT. Since the purchase includes a lifetime pass to attend all future Bitcoin conferences, Sun expressed his delight at attending the event, which he described as “the most influential and significant gathering in the crypto community.”
“This is why I feel that the Golden Whale Pass is so precious to me,” Sun said. “Bitcoin is all about the community. We always need to find time to sit together and talk about the future of Bitcoin. I believe we need to come together every year to build and innovate Bitcoin technology and blockchain to bring our technology to mass adoption.”
While some Bitcoin extremists may disagree, Sun believes that his work with TRON is intertwined with the development of Bitcoin as a global reserve currency.
“Eventually Bitcoin will take over the US dollar to become the global reserve currency. At TRON, the first thing we want to achieve is to become a settlement layer for this new global financial system.” Today, TRON is the largest stablecoin settlement layer in the world. Every day, we settle more than $10 billion, and I think we’ll continue to grow.”
In addition, Sun believes that BitTorrent plays an important role in the history of decentralized technology.
“Before Bitcoin was ever invented, BitTorrent was the first decentralized good used by over a billion people around the world,” he said. “BitTorrent is also one of the first technologies that started to make people realize that decentralized systems are much better than centralized systems.”