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Theta and World Poker Tour with first digital Web 3 Pass

 


Crypto Youtube competitor Theta Network secured an exclusive partnership with the World Poker Tour. Will Crypto Platform Become Web 3's Best Multimedia Solution?


World Poker Tour (WPT) is one of the most well-known brands in the entertainment business. The company has existed since 2002 and the poker tournaments are broadcast in over 150 countries. Now, WTP is helping Theta Network gain more reach with an NFT-based Web 3 Pass.


Conversely, the blockchain network should help WPT to create a better user experience. Adam Pliska, CEO of WPT, stated:


“We are proud to partner with Theta to bring users exclusive access to WPT Seasons 18 & 19 with the first digital Season Pass powered by Theta Metachain. WPT has always taken a forward-thinking approach when it comes to using technology to connect with our users. The collaboration is the next step to bring greater value to our loyal fans."


The pass is valid for 12 months and is available through ThetaDrop . Apart from the ad-free videos, WPT would like to improve the user experience with other features such as a live chat. In addition, thanks to Theta's DRM technology , the pass can easily be resold. Thus, the company offers an easy way to circumvent a license termination.


The partnership brings Theta Network a step closer to its goal of being the YouTube of the Web 3 .


Theta Network: Decentralized Web 3 Entertainment

Theta is a peer-to-peer network and open-source crypto streaming platform that aims to decentralize streaming. Content developers and streaming service providers can use the platform to generate revenue, while network participants receive rewards for providing bandwidth.


The project was launched in 2018 by sliver.tv founders Mitch Liu and Jieyi Long and is being advised by YouTube co-founder Steve Chan and Twitch founder Justin Kan. The Enterprise Validator and Governance Council is led by world leaders such as Google, Samsung, Sony, the Creative Artists Agency (CAA) and Binance.


Originally, Theta used Ethereum to validate transactions, but now uses its own consensus mechanism, the Byzantine Fault consensus mechanism. This is similar to the proof-of-stake mechanism and allows Theta to validate around 1000 transactions per second (around 60 times more than Ethereum !).


In addition, the network makes it possible to unite other streaming platforms. Popular video platforms integrated into platform infrastructure include CONtv Anime, World Poker Tour, Cinedigm, Samsung VR, GameTalkTalk, MovieBloc, Ultra, GFUEL and other OTT media, entertainment and live streaming services.


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