Theta’s Mainnet 3.0 launch date pushed to June

Crypto-powered esports streaming app Theta’s mainnet 3.0 launch has been delayed till June.

In an announcement from Theta Labs, the corporate acknowledged that its improvement workforce continues to be working “to include some constructing blocks” for a non-fungible token, or NFT, market for the Theta Mainnet 3.0. They’re additionally working to make sure that the community features when scaled to greater than 100,000 Elite Edge Nodes. Because of this, Theta wants extra time “to conduct a extra thorough code evaluate and testing” and shall be pushing the anticipated launch date from April 21 to June 30.

“Whereas delays are by no means superb, we expect this variation is the prudent manner ahead to making sure a profitable Mainnet 3.0 launch,” stated Theta.

The community stated it will be specializing in constructing out its NFT market, purportedly because of the sudden increase within the house. Theta goals for its Elite Edge Nodes, which tokenize web bandwidth, to turn into a decentralized cupboard space for NFTs by establishing cross-chain bridges between its personal community, the Ethereum community, and others. This could handle the price of minting NFTs on the Ethereum blockchain.

Final 12 months, Theta announced the same postponement of its Mainnet 2.0 from March to Might so as to permit for “extra testing.” The launch finally went forward on May 27 with out further delays.

Within the lead as much as the mainnet 3.0 launch, the protocol’s native token, THETA, has surged significantly, rising by greater than 450% from $2.14 to $11.86 between Jan. 1 and the time of publication. The token has even outperformed Bitcoin (BTC) throughout its present bull run.