Theta Network Roadmap Sets New Vision for the Ecosystem with DRM technology in Q2 2022 and NFT

Theta Mainnet 4.0 marks the next evolution of Theta blockchain.  The Metachain goes live in Q4, 2022.  The Theta MetaChain is designed in a way to scale to the requirements of the Web3 businesses in their new White Paper.

NFT-based Digital Rights Management from Theta Labs has obtained a patent application approval for USPTO Application №17/218,245.

This technology has been developed to enforce “decentralized digital rights management (DRM)” using NFTs in a decentralized network.

When it comes to managing “decentralized digital rights” there are lot of use cases with respect to managing digital rights across several domains.

The application can be used in managing “digital rights” across a several domains which consists of live performances, concerts, and other ticketed events which will need authentication.  The rights of the content can now be managed using an NFT which will provide the details of the “true digital ownership” and thus the rights cannot be taken away from the true owner.

When it comes to making use of “decentralized video streaming” is the worry of “content right holders” about how their rights are being violated.  As there is need to provide for strong guarantee to the “content right holders” that the P2P network will not be used to infringe their rights or the rights of their content or that of their artists.  Thus, making use of NFTs can help implement “Digital Rights Management” without having to make use of a “Centralized Party” to authenticate users when each time data is streamed.

Thus, this opens the door for global content brands to safely bring in their videos, movies, and games to Theta’s decentralized data and video delivery network.

Theta Network are planning to release the implementation of their patented DRM technology in Q2 2022.

The DRM technology will feature interoperability by using existing ingest softwares like Wowza and FFMPEG.  Thus, the technology will support popular livestreaming standards like HLS.

Theta Network is indeed a gold mine.  Being a peer-to-peer streaming solution it is the go to place for those who are looking for a decentralized platform for videos and streaming in ultra-quality, with high-efficiency content distribution.

The network works by making use of Validator Nodes and Edge Nodes. And, each user can be a node contributing to the bandwidth and processing power to the network.  The validator nodes are rewarded with tokens for sharing their resources. Thus, the network works in a decentralized way.

Theta Network is powerful in video streaming because, peer-to-peer network distributes content efficiently without the need for expensive data centers.