The Theta team announced via a Medium post on Thursday that it has launched the Theta Metachain, the blockchain architecture purpose-built for Media and Entertainment enterprises entering the Web3 space. The team added that with this upgrade, the Theta blockchain would gain the high transaction throughput, customization, and reliability that is necessary for leading Media and Entertainment enterprises to bring their millions of users onchain.
Theta is a decentralized video delivery network powered by users, running on a dedicated blockchain (Theta Network). Its value proposition is to reduce the costs of content delivery networks by effectively creating a mesh network of shared content.
THETA is currently trading at $0.915, down by more than 3% in the last 24 hours.