Theta Labs, developers of the decentralized streaming video protocol Theta Network, has closed a strategic funding round led by Samsung NEXT and Blockchain
“Blockchain is the largest non-custodial crypto wallet in the world, with over 36 million wallets created on the platform. We’re committed to investing and collaborating with projects like Theta that drive real user adoption and act as a novel way to on-ramp users into the digital currency ecosystem. We back technology companies that use blockchain to power a fundamentally new and improved consumer behavior,” said Samuel Harrison, Managing Partner at Blockchain.
“We’ve been working with Samsung and Blockchain for some time now, and with this new funding round we look forward to align our strategic interests and invest in Theta project’s success,” said Theta Labs, Inc. CEO Mitch Liu. “We’re building a deep relationship with these two world-class companies, and with this additional investment, Theta is now fully funded through 2021 and beyond.
“We hit a major milestone on March 15 with the successful launch of the Theta blockchain, along with the native tokens THETA and TFUEL. For the remainder of 2019 and beyond, key deliverables include the first production version of Theta in set-top boxes and smart TVs, support for smart contracts on Theta blockchain, and the launch of community-operated nodes to decentralize governance of the Theta protocol,” Liu told me.
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