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An Incomplete Summary of Theta's Recent Progress (Jan 2022)

An Incomplete Summary of Theta's Recent Progress (Feb 2022)

Theta is a leading blockchain focused on media and entertainment. Theta and its suite of decentralized Web3 products help entertainment companies access decentralized data storage and computation, engage users with NFTs, and stream content all within the Theta Ecosystem. To learn more, checkout this article "What is Theta Network".

Table of Contents

  1. Web3
  2. Metaverse
  3. NFT
  4. DeFi
  5. Partnerships

Web3

Full Ethereum compatibility

Theta’s vision for 2021 and beyond includes vastly expanded compatibility with Ethereum, allowing any Ethereum or ETH-compatible application to be ported over and run seamlessly on Theta blockchain with little to no changes. With the successful implementation of Theta 3.1.0, the protocol has taken major steps toward that vision. Theta blockchain is now compatible with the Ethereum RPC API suite, Metamask, smart contract development tools like Truffle, Hardhat, and Remix, and libraries such as Web3.js, and ethers.js. Please click here to learn more.

Decentralized streaming

Theta Video API brings an easy to use API to anyone to stream decentralized video content with just a few lines of code: https://www.thetavideoapi.com/

Decentralized storage and content delivery

Theta announced the release of the “Alpha Preview” version of the Theta EdgeStore in Feb 2022. The EdgeStore network aims to be an append-only, content-addressing, decentralized key/value storage network for the permanent web. Potential use cases include:

  • Permanent storage for the digital assets of NFTs (e.g. images, videos).
  • Data availability service for layer 2 scaling solutions such as rollups.
  • dCDN for video, music, game patches, software updates, etc. Storage backend for general web3 DApps, e.g. blogging sites, chat apps, decentralized app stores, decentralized Github repositories, etc.
  • Storage for Metaverse digital assets, e.g. the 3D models of the characters and buildings in the virtual reality worlds.
  • Storage for training data sets for AI algorithms, such as autonomous driving, protein folding etc.

Web3 DApps built on THETA

  • Replay: Link here and here
  • Theta Name Service: link here
  • Bullit: secure file transfer powered by Theta, check out here and here
  • Theta's $1M Hackathon: see our blog post here and here

Metaverse

Why theta Network will become an essential building block for metaverse development, check out our blog below: https://medium.com/theta-network/theta-network-an-essential-infrastructure-for-metaverse-development-2cf78f1c1e04

NFT

NFT marketplaces

The ThetaDrop.com NFT Marketplace

The TDROP governance token for ThetaDrop.com

More NFT marketplaces on Theta blockchain

Celebrity NFTs on ThetaDrop.com

  • Katy Perry: link here
  • Mena Massoud: link here
  • Amara La Negra: link here
  • Jon Heder: link here
  • Dionne Warwick: link here

NFT with utilities

Community NFT projects

DeFi

DefiLlama showing fast TVL growth, currently top 30 with roughly $140mm TVL: https://defillama.com/chain/Theta

Partnerships

  • Samsung Galaxy S22 launch partner (link here): In partnership with Theta Network, Samsung will be giving commemorative NFTs on ThetaDrop.com to users who pre-order either the flagship Galaxy S22 smartphone or the new Tablet S8!
  • “The Price Is Right” NFT with real-world benefies (link here): “The Price Is Right” is launching its first ever non-fungible tokens on ThetaDrop.com. The NFTs will feature real-world benefits and include rare items. The NFTs celebrate the 50th season of “The Price Is Right”, which is the longest running game show on television. The show airs on CBS, a unit of ViacomCBS Inc and features Drew Carey as the host.
  • Resorts World Las Vegas utility NFT (link here): This partnership exemplifies the goal of Theta NFTs in providing clear utility to their holders. Whether it’s real-world benefits like stays at Resorts World, representing digital assets in the metaverse, or exclusive access to live streaming and events with ThetaPass NFT ticketing, Theta NFTs continue to innovate and push the space forward. As the leading blockchain focused on media and entertainment, Theta and its suite of decentralized Web3 products help entertainment companies access distributed video and compute, engage users with NFTs, and stream content all within the Theta Ecosystem.
  • Entain Group (link here and here): Theta is working with Entain to launch a white-labelled NFT platform for customers of partypoker. Entain technologists will work with Theta Labs further to use its technology across video streaming, metaverse, games and more.
  • Fuse.tv (link here): The partnership includes building Fuse.tv NFTs on the Theta NFT smart contract platform, incorporating exclusive NFT drops as part of the live experience for movies and shows across multiple seasons, utilizing Theta P2P infrastructure to incentivize viewers with TFUEL and introducing a fan reward and engagement program.
  • Jukin Media (link here): “We see value in the Theta Network, their decentralized video infrastructure, and blockchain technology. We are also very excited to partner with them to bring NFT products to the FailArmy and The Pet Collective communities.” -- Cameron Saless, chief business officer of Trusted Media Brands.
  • One championship NFT partnership (link here): “Our exclusive NFT partnership with Theta Network is part of our long-term vision that fan engagement and commerce around our World Champions — and ONE’s commitment to heroes, values, and stories — will transform live sports entertainment. Theta was the best choice of blockchain platforms to build this vision. We look forward to launching ONE NFTs on the Theta blockchain platform, starting with our pre-registration process.” -- Chatri Sityodtong, Founder and CEO of Group ONE.
  • CAA Enterprise Validator (link here). CAA will work alongside seven other external Theta Enterprise Validator and Governance Council members, including Google, Samsung and Sony, as well as major private equity and cryptocurrency firms. The membership means CAA will run a validator node and help ensure the robustness of the network, Theta announced in a press release on Thursday.
@Marcitpro
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Very interesting post about nft. I recently started reading about this topic. I highly recommend this post, it is a great complement to this post.

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