Theta Labs is shifting ahead with its imaginative and prescient of democratizing content material supply with the beta launch of its decentralized video streaming platform.
Introduced Thursday, the Theta Edgecast platform goals to reward its customers whereas reducing value of video content material supply through the use of a distributed community.
Edgecast is a decentralized software (dapp) constructed on Theta’s peer-to-peer video blockchain know-how, powered by the Theta Edge Community. In keeping with the announcement, the community presently consists of over 2,000 nodes worldwide.
Constructing a decentralized video platform has been the agency’s core goal since 2017, stated Theta Labs CEO Mitch Liu. “Our core thesis was to construct a completely decentralized video infrastructure that may drive extra profit to every key stakeholder within the video streaming worth chain.”
The dapp permits for the seize of video, transcoding it in real-time earlier than caching and relaying that content material to customers globally. The community can also be accountable for powering the agency’s esports streaming platform Theta.television.
“Not like different video platforms this implies Edgecast doesn’t function a single centralized server or service,” stated Liu. “This can be a big accomplishment and an enormous problem.”
As a part of the launch, The World Poker Tour will provide around the clock content material on Theta Edgecast, which means customers can watch video games straight from the platform.
In Might of this yr, Google linked up with Theta Labs to help the video supply community by onboarding customers by means of Google Cloud. The tech big additionally supplied assist to Theta with its mainnet 2.zero launch.