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BitTorrent said it has officially completed its brand revamp and finished its regular first-quarter BTT buyback and burn, using 100% of third-quarter revenue from centralized services for the BTT repurchase and permanent burn. The burn totaled about 21.62 trillion BTT, worth roughly $7.6 million at the time.
Following the revamp, BitTorrent will operate as a single core brand integrating content distribution, decentralized AI inference computing services, and layer-two infrastructure. The company said it plans to build an integrated service ecosystem spanning Web3 and AI.