THETA Network recently partnered with LINE and this gets them expanding to Japan. Theta announced their partnership with Line Tech Plus (LTP) around 6 months ago. And, now they are officially launching THETA.TV for the LINE Blockchain Dapp.
For clarity, LINE is a very popular Japanese messenger app that has more than 167 million monthly active users in the major markets of Taiwan, Japan, Indonesia, and Thailand.
The unique selling point of Theta Network is that they are facilitating the next generation video delivery.
Another interesting thing to note is that Sony recently joined Theta Network as a validator and governance council member.
Magdalena Wasowska, Head of Sony Europe R&D Center Europe Brussels Laboratory, recently stated that the blockchain network will be able to provide effective “tools for license and rights management.”
“At R&D Center we share Theta Network’s passion towards decentralized technologies, and are excited about the possibilities which Blockchain technologies can offer to creators.”
For those who are new and are just trying to understand Theta Network, they are trying to make the best use of the amazing technology available these days. Reportedly, they feel that streaming quality and light timing is still terrible. Everyone has a computer and extra bandwidth to spare, especially when machines are not being used.
And, now users will be able to make money by putting that bandwidth to use like stipulated token. Here is how it works: when you are watching your favorite streamer or when you are asleep, Theta client will tap in to your extra bandwidth to relay video streams to local viewers to help clients enjoy good stream quality and loading times, while you earn Theta tokens.
The more you deliver the more you earn. With your token, you can send donations to your favorite stream, unlock premium content, and buy and gift virtual items.
Theta has raised several million dollars in venture financing, has over 2 million users and is growing quickly. Theta completed a 20 million dollar private token sale in early 2018 and launched its live testnet in June 2018.
Theta Network recently expressed: “The upcoming Theta hard fork on Wednesday 3/10 12pm PST does NOT require any user action or involve any changes to your tokens. The upgrade is focused on improved scaling and staking reward distribution. User wallets and Guardian Nodes are safe to continue using normally.”
Also, Theta Network are making NFTs available. For clarity, A NFT (non-fungible token) is a special cryptographically-generated token that uses blockchain technology to link with a unique digital asset that cannot be replicated.
Theta are continuing to put in a lot of work behind the scenes. They are changing people’s lives. Some of the users have to state that Theta is their best investment ever.
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