BitTorrent Ushers in Next-Gen Web3 Infrastructure with Strategic Rebrand and Inaugural BTT Burn
Summary
BitTorrent says it completed its first BTT buyback-and-burn on October 16, using 100% of decentralized-service revenue. It reports burning about 21.62 trillion tokens, worth roughly $7.6 million, and says future quarterly figures will be published on a public dashboard. The company also released a new whitepaper outlining an ecosystem combining peer-to-peer content distribution, BTTInferGrid decentralized AI compute, and BTTC cross-chain and scaling services, with BTT used for payments, staking, incentives, gas, and governance. The announcement presents the burn program and expanded infrastructure as drivers of token value and growth.
