Last Updated on May 29, 2021 by Jason
CAA, otherwise known as the Creative Artists Agency, recently became part of Theta to validate its delivery network for video that is based on blockchain. CAA plans to work with seven other council members for governance that include Sony and Google, along with some big players in the cryptocurrency and private equity spheres.
This means that CAA will execute and manage a validator node, ensuring the reliability of its network. Theta’s aim is to help its video platform customers make more money, and lower delivery fees. Customers are allowed incentives for giving bandwidth to assist with relaying video at a peer-to-peer level. It also includes a coin that is called ThetaDrop.
Michael Yanover, head of business development at CAA, said, “We believe that blockchain technology and the rise of digital collectible NFTs will bring unprecedented opportunities to our family of storytellers, trendsetters, icons and thought leaders in the entertainment industry.”
Mitch Liu, CEO of Theta Labs, said, “With CAA on board over half of our validators are now run by external partners advancing us closer to full decentralization.”
Theta’s market cap in terms of cryptocurrency is more than $1.5 billion.