Crypto-powered esports streaming app Theta’s mainnet 3.0 launch has been delayed till June.
In an announcement from Theta Labs, the corporate said that its improvement group 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 assessment and testing” and might be pushing the anticipated launch date from April 21 to June 30.
“Whereas delays are by no means preferrred, we predict 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 as a result of sudden increase within the house. Theta goals for its Elite Edge Nodes, which tokenize web bandwidth, to develop into a decentralized space for storing for NFTs by establishing cross-chain bridges between its personal community, the Ethereum community, and others. This is able to tackle the price of minting NFTs on the Ethereum blockchain.
Final yr, Theta introduced an identical postponement of its Mainnet 2.0 from March to Might with a purpose to enable for “extra testing.” The launch finally went ahead on Might 27 with out extra 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.