Crypto-powered esports streaming app Theta’s mainnet 3.Zero launch has been delayed till June.In an announcement from Theta Labs, the corporate sai
Crypto-powered esports streaming app Theta’s mainnet 3.Zero launch has been delayed till June.
In an announcement from Theta Labs, the corporate said that its improvement staff continues to be working “to include some constructing blocks” for a non-fungible token, or NFT, market for the Theta Mainnet 3.0. They’re additionally working to make sure that the community features when scaled to greater than 100,00Zero Elite Edge Nodes. In consequence, Theta wants extra time “to conduct a extra thorough code evaluation and testing” and can be pushing the anticipated launch date from April 21 to June 30.
“Whereas delays are by no means preferrred, we predict this transformation is the prudent manner ahead to making sure a profitable Mainnet 3.Zero launch,” stated Theta.
The community stated it could be specializing in constructing out its NFT market, purportedly because of the sudden growth within the area. Theta goals for its Elite Edge Nodes, which tokenize web bandwidth, to grow to be a decentralized cupboard space for NFTs by establishing cross-chain bridges between its personal community, the Ethereum community, and others. This is able to deal with the price of minting NFTs on the Ethereum blockchain.
Final yr, Theta introduced the same postponement of its Mainnet 2.Zero from March to Might in an effort to enable for “extra testing.” The launch in the end went ahead on Might 27 with out further delays.
Within the lead as much as the mainnet 3.Zero launch, the protocol’s native token, THETA, has surged considerably, rising by greater than 450% from $2.14 to $11.86 between Jan. 1 and the time of publication. The token has even outperformed Bitcoin (BTC) throughout its present bull run.