Theta Labs, Inc., a leading video delivery network powered by an innovative new blockchain and distributed ledger technology, announced today that Google Cloud has joined its Enterprise Validator Program along with Binance, Blockchain Ventures, and gumi. Theta’s Enterprise Validator Node program allows enterprises to validate transactions in accordance with Theta’s underlying consensus protocol. Google Cloud is also now the company’s preferred cloud provider, and users around the world will have the ability to deploy and run Theta nodes directly from Google Cloud Marketplace (GCP Marketplace) with just a few clicks. The turn-key cloud solution went live on GCP Marketplace today, coinciding with the launch of Theta Main-net 2.0.
Theta Network is quickly advancing towards full decentralization of its security and governance. Google has joined the Theta enterprise validator program by running a validator node, and is providing the stability, reliability and security offered by the Google Cloud Platform to the Theta Network. Theta and its partners in the media & entertainment, telecom, technology and gaming industries thus provide a high-performance decentralized micropayment network that scales to millions of concurrent video viewers.
“Distributed ledger technology enables new business models that potentially transform the global digital economy, including the media & entertainment industry,” said Allen Day, Developer Advocate for Google Cloud. “We’re impressed by Theta’s achievements in blockchain video and data delivery. We look forward to participating as an enterprise validator, and to providing Google Cloud infrastructure in support of Theta’s long-term mission and future growth.”
Theta Main-net 2.0 and the Theta Guardian network, a unique decentralized layer of security and consensus run by community members, is now available for users to access via Google Cloud Marketplace. As part of the partnership, Google Cloud will also power the cloud infrastructure for THETA.tv video platform, a fast-growing first-party esports streaming site built on the Theta Network.
“We’re thrilled to deepen our partnership with Google Cloud across a number of key strategic areas to accelerate Theta adoption across industries,” said Mitch Liu, co-founder and CEO of Theta Labs. “We welcome Google Cloud as an enterprise validator along with our other global partners to further strengthen the security and decentralization of our protocol. As we continue to build our network and streaming business, Google Cloud is the perfect partner to help us scale globally, with extensive geographical coverage offering ease-of-use, networking advantages and platform performance.”
About Theta Labs, Inc.
Theta Labs, Inc. pioneered the next generation esports entertainment platform, THETA.tv, and Theta Network, the leading video delivery network powered by blockchain technology. Theta rewards anyone to restream video and enables existing video platforms to deepen viewer engagement, drive incremental revenues, and reduce CDN costs. Theta network enables users to earn rewards by relaying video on a peer-to-peer basis, utilizing excess bandwidth on any PC, mobile, Smart TV or IoT device.
Theta’s new innovative blockchain and protocol provides native support for off-chain micro payments that scales to millions of concurrent video viewers, and utilizes an unique multi-level BFT consensus mechanism with aggregated signature gossip to achieve higher performance and decentralization. Theta’s enterprise validator program is led by global industry leaders including Google, Binance, Blockchain Ventures, and gumi. THETA.tv, a first-party streaming platform, with an existing user base of millions of esports viewers is the first platform to launch on the Theta Network. Other video partners include Samsung VR, Littlstar, GFUEL and OTT media, entertainment, peer-to-peer live streaming services. Theta Labs’ strategic corporate investors include Samsung NEXT, Sony Innovation Fund, BDMI Bertelsmann Digital Media Investments, CAA Creative Artists Agency, and others.