Google Partners with Theta Labs to Enhance Video Delivery Network Through Google Cloud
Google and Theta Labs Partner to Enhance Video Delivery Network Through Google Cloud
In a strategic move aimed at bolstering its video delivery network, Theta Labs has teamed up with tech giant Google to onboard users through Google Cloud. The partnership includes Google’s assistance with Theta’s Mainnet 2.0 launch, a significant event in the network’s evolution.
According to Theta Labs CEO Mitch Liu, the Mainnet 2.0 launch, scheduled for Wednesday, will see a hard fork around noon Pacific time. Google Cloud developer advocate Allen Day highlighted the importance of Theta’s unique requirements for a reliable and high-performance network, which Google Cloud is well-equipped to provide.
As part of the collaboration, Google will become the fifth external validator node for Theta, with Theta Labs staking 5 million THETA tokens (equivalent to approximately $2.4 million) for Google on the network. Theta’s innovative approach rewards network participants for relaying video content to other users using their spare bandwidth and computing resources, creating a decentralized mesh network of relayers.
Google joins other prominent entities like Binance, Blockchain Ventures, and gumi Cryptos as external enterprise validators on the Theta blockchain. The partnership also designates Google Cloud as Theta’s preferred cloud provider, further solidifying the relationship between the two companies.
Looking ahead, Day expressed enthusiasm for welcoming new users to the Theta network, emphasizing the ease of launching a Theta Guardian node from the Google Cloud Platform marketplace. With Google hosting Theta’s first European enterprise validator node in Ireland, the network’s geographic decentralization is further enhanced.
The Mainnet 2.0 launch will see the inflation of Theta Fuel (TFUEL) by 5%, increasing rewards for stakers. Additionally, the introduction of hundreds of Guardian nodes will provide an extra layer of consensus and security for the network, with the potential for expansion to thousands or tens of thousands of nodes with Google’s support.
Theta also has plans to collaborate with Google’s AI, machine learning, and big data initiatives, with a particular focus on YouTube, which is owned by Google. Liu highlighted the potential for experimentation and innovation in video delivery and streaming, leveraging Google’s technology and expertise.
Overall, the partnership between Google and Theta Labs signifies a significant step forward in enhancing the capabilities and reach of Theta’s video delivery network, with exciting possibilities for future collaboration and growth.
