Theta delay mainnet 3.0 launch until June. Exploding NFT’s to blame.

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Decentralized video content streaming platform Theta announced yesterday that their upcoming ‘Theta Mainnet 3.0’ launch will be delayed until the end of June 2021. Previously, the scheduled launch date was 21 April, but the team announced that the launch would be delayed due to the growing NFT market and to ensure the platform works efficiently once it begins to scale.

The development team also said they require more time for code auditing and additional testing to ensure the platform operates smoothly and as intended.

The team is due to deploy the Theta NFT Marketplace to capture in the exploding demand for Non-Fungible Tokens (NFTs). The company says it is developing ‘key partnership opportunities’ in the NFT space.

However, this is not the first time the Theta team have announced a delay to their upgraded platform. In the spring of 2020, Mainnet 2.0’s launch was also postponed, however the launch successfully went ahead with no technical glitches later in the year.

“In the longer term, we believe that Theta’s Elite Edge Nodes can become a true, universal decentralized edge storage for all NFTs and does not rely on any centralized platform.”

Theta team spokesman
Dylan Leighton

Dylan Leighton

Dylan Leighton is an composer, music producer, sound designer and mix engineer from the United Kingdom. Making music for over 40 years, he creates music for corporate clients, film and video, and his own personal enjoyment. Writing under the artist name Kalliste, he has composed in just about every genre, from hip-hop to funk to classical.

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