Theta Labs Inc., the blockchain company that uses the end-to-end infrastructure for decentralized video streaming and delivery, on May 27, 2020, announced that it has added Google Cloud as an Enterprise Validator and also as a launch partner for Theta Mainnet 2.0. As a result, Theta Labs will now be having four Enterprise validators including Binance, Gumi and also Blockchain Ventures.
According to the blockchain company, Theta Enterprise Validator Node program enables the enterprises to validate transactions using Theta’s underlying consensus protocol. Through a medium blog post, the Theta Labs announced that Google Cloud is also its preferred cloud provider.
This means that Theta users globally will have the ability to deploy and run Theta nodes directly from the Cloud marketplace offered by Google. The announcement of Google Cloud joining Theta enterprise validator coincided with the launch of Theta Mainnet 2.0.
Leadership Thoughts on Theta Labs – Google Cloud New Partnership
Theta Network together with its investment partners continues to offer a high-performance decentralized micropayment network to enable the scaling to millions of concurrent video viewers.
The Developer Advocate for Google Cloud, Allen Day, said:
“Distributed ledger technology enables new business models that potentially transforms the digital economy, including the media and entertainment industry.”
As part of the package partnership, Theta Labs announced that Google Cloud will be used to power its cloud infrastructure for THETA.tv video platform.
The Co-Founder and CEO of Theta Labs, Mitch Liu, stated:
“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, network advantages and platform performance”.
Theta network has been progressing fast in the blockchain industry in the recent past. As a result, its Theta token that has a market capitalization of around $295 million at the time of reporting has more than doubled in market price in the past two months. However, as the cryptocurrencies volatility continues scaling higher, in the past 24-hours its value has dropped by 21% to trade at $0.3378.
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