Theta’s Mainnet 3.0 launch date pressed to June

Crypto-powered esports streaming app Theta’s mainnet 3.0 launch has been delayed until June.In an announcement from Theta Labs, the company specified that its advancement group is still working “to include some building obstructs” for a non-fungible token, or NFT, market for the Theta Mainnet 3.0. They are also working to guarantee that the network operates when scaled to more than 100,000 Elite Edge Nodes. As an outcome, Theta requires more time “to carry out a more extensive code evaluation and screening” and will be pressing the anticipated launch date from April 21 to June 30.

“While delays are never ideal, we believe this change is the prudent method forward to ensuring an effective Mainnet 3.0 launch,” said Theta.The network stated it would be concentrating on building out its NFT marketplace, purportedly due to the unexpected boom in the space. Theta goes for its Elite Edge Nodes, which tokenize internet bandwidth, to end up being a decentralized storage area for NFTs by developing cross-chain bridges in between its own network, the Ethereum network, and others. This would attend to the expense of minting NFTs on the Ethereum blockchain.Last year, Theta revealed a comparable post ponement of its Mainnet 2.0 from March to May in order to enable”more testing.” The launch eventually moved forward on May 27 without extra delays.In the lead up to the mainnet 3.0 launch, the procedure’s native token, THETA, has actually surged significantly, increasing by more than 450%from$2.14 to$11.86 in between Jan. 1 and the time of publication. The token has even outshined Bitcoin (BTC )during its present bull run. Released at Wed, 24 Mar 2021 22:07:14 +0000

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