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 group remains 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 capabilities when scaled to greater than 100,000 Elite Edge Nodes. Because of this, Theta wants extra time “to conduct a extra thorough code assessment and testing” and can be pushing the anticipated launch date from April 21 to June 30.
“Whereas delays are by no means superb, we expect this modification is the prudent method ahead to making sure a profitable Mainnet 3.0 launch,” stated Theta.
The community stated it could be specializing in constructing out its NFT market, purportedly as a result of sudden growth within the area. Theta goals for its Elite Edge Nodes, which tokenize web bandwidth, to change into a decentralized space for storing for NFTs by establishing cross-chain bridges between its personal community, the Ethereum community, and others. This may handle the price of minting NFTs on the Ethereum blockchain.
Final 12 months, Theta introduced an analogous postponement of its Mainnet 2.0 from March to Could with the intention to enable for “extra testing.” The launch in the end went ahead on Could 27 with out further delays.
Within the lead as much as the mainnet 3.0 launch, the protocol’s native token, THETA, has surged considerably, 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.