BREAKING: Ned Sells Steemit to Justin Sun of TRON

In a shocking Tweet which came to the public just a few hours ago, @Ned the chairman of Steemit Inc announced that he has sold Steemit (for an undisclosed amount) to Justin Sun, the founder of the TRON blockchain. Ned Scott was quoted in the tweet as saying "after four beautiful years, I have sold Steemit to Justin Sun."

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A few moments later, Justin Sun via his official Twitter handle confirmed the deal by replying to Ned's tweet with the following words, "Steemit 2.0 Steemit #TRON and #Steemit leading in a new era of decentralized social networking."


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The announcement has been trailed with mixed feelings. A Twitter user by the username Sergio Mendes responded:


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However another Twitter user named Stephen Kendal expressed a high level of optimism when he tweeted:


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Similarly, another Twitter user simply identified as R.W Michaels believes that Steem is now in good hands with Justin Sun. Here is how he puts it:

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The news of Steemits purchase by Justin Sun has finally become official after weeks of speculations on the cryptospace. With TRON's market cap and Justin Sun's influence in the cryptospace, it is expected that his acquisition of Steemit will build some hype around Steem which could lead to some bullish trends (as we are already seeing) for the Steem token in the coming days.

The question of whether Steemit will succeed or not depends on to what extent the blueprints of Steemit Inc under @Ned is executed and the confidence in which the stakeholders have in the new management. Hopefully, there are better days ahead for Steemit and perhaps Steem.


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  • @mojubare

    Is it steemit that was sold or the steem blockchain. Also what do we say about SMT, is it a mission impossible?

  • @crypto.piotr

    It somehow came to me quite as surprise. I don't think I really believed that this could happened. And yet.

    What's your view @gandhibaba?

  • @pedrobrito2004

    Well, I'm pretty surprised, I think I read a week ago that Sun was interested in investing in Steem, but I wasn't expecting this news.

  • @crypto.piotr

    Dear @gandhibaba

    I've been just reading about STEEM Token Swap on poloniex and I was wondering - what does it mean to all those who powered up all their STEEM?

    Will we witness entire blockchain powering down? That would require cancelling all delegations, right? In that case all curation trails would also receive a serious hit. Most current projects would collapse (months of looking for support with delegations).

    I'm also curious if Steem-engine will be affected - and how? Any view on that issue?

    Also I wonder if we can still expect HIVES and SMTs or those promissed will not be delivered. Quite worrying questions.

    Yours, Piotr

  • @jadams2k18

    In my opinion, this is a change for the better. I remember when there was the problem that TRON had when they said it was a scam and made it drop its price, dismissing it harshly. Still, it stood up to the situation and continued to work and is still more used than STEEM itself. This change of hands, I am sure will allow Steemit to grow and evolve. Maybe this is what this blockchain needed to be promoted and known by the whole world.

    If anything, I'm sure it's a hell of a great way to promote Steemit.

    Thanks for the news

    https://medium.com/@TronFoundation/steemit-joining-tron-ecosystem-6ad66584d0b

  • @akdx

    Steeemit.Inc was sold but what about the blockchain? !trdo

    Posted via Steemleo

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  • @reinaldoverdu

    I am optimistic about the respective one, I think this was the momentum we were waiting for in steemit and that this time things will be going well, although I have the doubt that it will happen with SMT?

    Posted using Partiko Android