Theta Strengthen Ties with Rakuten

Theta Strengthen Ties with Rakuten

Theta, a decentralised streaming network (DSN) that is seen as a disrupter to traditional content delivery networks (CDNs) such as Amazon and Netflix, have appointed Jonathan Wong, Director of Product at Rakuten Viki, to the Theta Advisory Council.

Wong is responsible for the overall product vision and strategy at Rakuten Viki, who are headquartered in California, and leads app development teams for their web, mobile and TV platforms. Part of the colossal Rakuten group – who have already made strides into the cryptocurrency market – Rakuten Viki boast over 40 million monthly active users for their video-on-demand and livestreaming content.

Prior to his position at Rakuten Viki, Wong founded the popular Japanese anime website Katsu News and held senior roles at Microsoft with a business brief that spanned across Southeast Asia, India and Korea with a focus on driving user adoption of Microsoft’s range of apps and services.

Advisory Council

The Theta Advisory Council was formed in early 2018 to help guide Theta’s vision of creating a next generation video delivery platform that provides blockchain-based rewards in a dual token system to users who interact with the content or share their bandwidth with other viewers. Earlier appointees to the Council include Kyle Okamoto (Chief Network Officer at Verizon Digital Media Services), Steve Chen (Co-founder of Youtube), Justin Kan (Co-founder of Twitch) and Karen Huh (Senior Vice President of CJ Hello).

At the time of his appointment, Verizon’s Okamoto commented that “…I’m convinced that a decentralised video infrastructure like Theta network could transform the existing media and entertainment industry. Theta has the promise to not only improve streaming efficiency and quality of service, but through the Theta token incentive structure to differentiate and build new revenue opportunities.”

With heavy investment from the likes of Samsung, the Council’s advisory input and by delivering tangible results through the successful launch of Sliver.TV, Theta have already attracted partnerships with two major South Korean Media outlets, Ring of Elysium game producer Tencent, and Klaytn, the blockchain network project that includes LG Electronics and Kakao.