Latest Theta Network updates on March 28th

The Theta Network has had a busy month this March, with many exciting updates and announcements. On March 28th, Theta Labs was awarded U.S. Patent 11,611,615 B1 for “Decentralized Edge Storage Network With Flexible File Storage”, and the same day Theta opened their 2023 Hackathon for submissions. On March 21st, Theta announced a new partnership with ABS-CBN, and the same day also announced their 2023 Hackathon, with special thanks to ThetaCon22 and Theta Development Academy for sponsoring. ThetaSwap also released their new analytics dashboard and Theta developers can now interact with Theta blockchain at scale with high performance with their partner, InfStones. Theta updated their roadmap, shared details on their upcoming Nostalgia Store powered by Theta Network, and Wes Levitt, Head of Strategy at Theta Network was featured on the Web3 podcast.

What is Theta Network ?

Theta Token is an exciting new cryptocurrency project designed to revolutionize the way that content is shared and distributed online. The goal of the project is to create a decentralized streaming platform that can be used to provide video and other content to users all around the world. The platform uses a native token, the Theta Token, to provide incentives and rewards to users who contribute to the network.

The Theta Token project was created by the Theta Labs Inc. team, which is based in San Francisco, California. The project has been in development since 2018 and is backed by a number of well-known investors and partners, including Samsung, Google, and Sony.

The Theta Token has a number of unique features that make it stand out from other cryptocurrencies. For example, it uses a proprietary consensus algorithm called “Proof of Stake and Burn” which allows for a much faster transaction speed than traditional blockchains. Additionally, the Theta Token network is designed to be highly secure, using a combination of cryptography, distributed ledgers, and smart contracts.

The main benefit of the Theta Token network is that it allows users to stream content from any device, anywhere in the world. This has the potential to greatly expand the reach of content creators and increase the overall quality of content available online. Additionally, users can earn rewards for contributing to the network, such as providing bandwidth and storage to streamers, which further incentivizes content creation.

The Theta Token is an exciting new project that has the potential to revolutionize the way that content is shared and distributed online. It is backed by a number of well-known investors and partners, and offers a number of unique features and benefits. If the project is successful, it could have a major impact on the way that content is shared and consumed in the future.

This article was published on 2023-01-28 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.