Theta's Mainnet 3.0 launch date pushed to June
Theta'south Mainnet 3.0 launch date pushed to June
"We decided that boosted time to conduct a more thorough lawmaking review and testing was of import," said Theta Labs.
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Crypto-powered esports streaming app Theta's mainnet 3.0 launch has been delayed until June.
In an announcement from Theta Labs, the company stated that its evolution team is notwithstanding working "to incorporate some edifice blocks" for a non-fungible token, or NFT, marketplace for the Theta Mainnet 3.0. They are also working to ensure that the network functions when scaled to more 100,000 Elite Border Nodes. As a result, Theta needs more time "to conduct a more thorough code review and testing" and will be pushing the expected launch date from Apr 21 to June 30.
"While delays are never platonic, we think this change is the prudent way forward to ensuring a successful Mainnet 3.0 launch," said Theta.
The network said it would be focusing on building out its NFT market, purportedly due to the sudden boom in the infinite. Theta aims for its Elite Edge Nodes, which tokenize net bandwidth, to become a decentralized storage infinite for NFTs by establishing cross-concatenation bridges between its own network, the Ethereum network, and others. This would address the cost of minting NFTs on the Ethereum blockchain.
Last year, Theta announced a similar postponement of its Mainnet ii.0 from March to May in order to permit for "more than testing." The launch ultimately went forward on May 27 without boosted delays.
In the lead up to the mainnet three.0 launch, the protocol's native token, THETA, has surged significantly, rising by more than 450% from $2.fourteen to $11.86 between January. 1 and the time of publication. The token has even outperformed Bitcoin (BTC) during its current bull run.
Source: https://cointelegraph.com/news/theta-s-mainnet-3-0-launch-date-pushed-to-june-30
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