- Theta Mainnet 3.0 will launch on June 30 instead of April 21.
- The launch delay will allow Theta to ensure Mainnet 3.0 success.
- Also, Theta is working on becoming a decentralized NFT storage space
Esports video-streaming blockchain, Theta, has pushed its Mainnet 3.0 launch from April 21 to June 30, 2021. In a recent update, Theta stated that the move is to ensure the success of the Mainnet 3.0 launch.
In fact, Theta Labs highlighted that they took a similar approach when launching Mainnet 2.0.
A similar delay to Mainnet 2.0 in the spring of 2020 led to a successful launch without technical problems, so the team is confident this is the right choice for the long term.
Notably, Theta’s Mainnet 3.0 will add Elite Edge Nodes, TFUEL staking, and burning to the network. Also, the blockchain has surged over 17144.7% over the last year taking its market cap into the crypto top ten.
In addition, the Theta team is eager to start working towards its long-term Non-fungible Token (NFT) vision. Of note, Theta’s Elite Edge Node tokenizes internet bandwidth meaning they can be a decentralized storage space for NFTs. This will not only remove the need for centralized NFT storage but could also address NFT minting costs.
Further, Theta Labs will use the delay to start working on building cross-chain bridges from Theta to other networks. Ethereum, for example, would thus gain some relief from network congestion, leading to lower gas fees.
As such, the Theta team would like to ensure that the network can scale to more than 100 000 Elite Edge Nodes before launching Mainnet 3.0.
Finally, Theta is selling at $12.24 with a trading volume of $2,260,044,764 at the time of writing.
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