Theta, the reward-based decentralised streaming network (DSN), have attracted Google to become an external validator node for their blockchain which will see the tech multinational stake 5 million THETA tokens on the network.
Google will join existing Theta node hosts – such as Binance Exchange, and Blockchain Ventures – as Theta continue to grow towards a goal of more than 30 external validators.
Allen Day, Developer Advocate for Google Cloud, said “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.”
TWO TOKENS
Theta operates a two token system where THETA is required for staking and TFUEL is used to reward network participants for relaying video content using their spare bandwidth and computing resources.
Theta Labs’ existing channel, THETA.tv, has, to date, broadcast a content of e-sports, NASA space launches, and blockchain conferences but recently announced a deal with MGM Studios to show their back catalogue of movies.
Backed by Samsung, Theta have also just released their THETA.tv Android app designed for owners of various brands of smart televisions to watch Theta channels and earn Theta Fuel (TFUEL) token directly from their TV.
Such a flurry of activity, as the platform prepares to launch their new Mainnet 2.0 later today, has seen a correlating rise in the prices of the two tokens which are only now beginning to show signs of retracement. At the time of publishing, THETA is priced at $0.44, up around 300% over the last thirty days, while TFUEL is at just over a penny, an increase of over 630%.
