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Theta Network: Is the Web 3 revolution coming in the entertainment sector?

 


The Theta Network, which specializes in Web 3 Entertainment, will launch the completely renewed Mainnet 4.0 in December. Those responsible can already point to a first partnership with Fuse Media, which comes from Latin America.


Theta Network , the US-based blockchain, aims to expand its position at the forefront of multimedia. With Fuse Media, the team around Mitch Liu has now found a partner who will help with the proclaimed goal. Theta seems to be particularly interested in Fuse 's corporate philosophy of promoting young people. The metachain allows companies to integrate their own adaptable subchain with their own tokens, votes and an ecosystem. A subchain is a blockchain that is individually decoupled from the mainchain.


“When we heard about Fuse's plan to offer services to their customers on Web 3 and to increase their involvement, we knew they aligned with Theta's vision. Namely, when it comes to replacing the current user platform model with decentralized technology.”


As part of the partnership, Fuse will fully implement Theta's metachain. For example, Fuse also integrates the Theta API for better availability of streams worldwide. Around 31 validators are currently responsible for maintaining the blockchain , and up to 69 more could be selected in the future.


Web 3 partnership with a promising future

The partnership with Fuse probably doesn't come as a surprise to insiders. The US company, led by Miguel Roggero, has set itself the task of making its young, multicultural users heard. For Theta, this is arguably the perfect audience to offer its media blockchain. Fuse aims to fully integrate NFTs and Theta's TNT20 token standard into its platform.


"By combining Fuse's talent with Theta's leading blockchain technology, we can bring a whole new dynamic to entertainment where our users' voices are represented where they want to be."


A specific use case was presented by Patrick Courtney, "Senior Vice President" at Fuse, at the NFT New York City conference. With his presentation "NFTs are the new fan clubs" he explained to the audience how NFTs can serve as a connector and thus improve the connection between fans and brands.


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