The Theta fuel protocol by the Theta Network platform will be used for micropayments in the latest World Poker Tour as per the latest crypto news that we are reading more about today.
Theta Labs announced that the World Poker Tour which is the premier name in live poker entertainment will use the Theta Fuel Protocol (TFUEL) micropayments on the platform according to the press release. The company is best for developing Theta Network which is a leading video delivery platform while the THETA token is ranked 23rd on the market with a market cap of $1.9 billion, trading at $2 at press time.
Nearly 7,000 Edge Nodes now running the Theta Network! This number has nearly tripled in just the past 2 months, as the Theta Network grows stronger leading up to Mainnet 3.0. Join today here: https://t.co/wYLVKZSzRG pic.twitter.com/4jgNce2a4o
— Theta Network (@Theta_Network) January 10, 2021
Theta’s infrastructure will enable existing video platforms to get into the incremental revenues and reduce the content delivery CDN costs while end-users being rewarded for sharing their bandwidth to relay video on the peer to peer basis from any device like mobile, PC, and Smart TV. Right now, Theta will be coming to the World Poker Tour and the decentralized streaming protocol will have a 24/7 poker channel that is built on the blockchain. Adam Pliska, the CEO of the World Poker Tour said:
“World Poker Tour is excited to fully integrate Theta network peer-to-peer streaming infrastructure on our new Theta powered channel on WPT.com and provide millions of our global fans with a superior viewer experience.”
The integration with Theta will allow WPT to lower the video delivery costs by about 50% or even more while increasing the user engagement even more as well as boosting monetization. This is unlike the current providers on the market which charge a higher cost for streaming upfront. All users can earn TFUEL tokens for sharing the video content that utilizes excess bandwidth and computing resources. For the WPT, the fans can earn about $10 to $15 per month by watching their favorite poker content on their browser without having to download anything. Mitch Lio, the co-founder, and CEO of Theta Labs said:
“Theta Labs and WPT continue to lead the media and entertainment industry in the adoption of blockchain technology. This integration marks an important milestone and establishes WPT as the best and most cutting edge televised poker product in the world.”
He added that integrating Theta is a win-win position that will benefit all the stakeholders in the streaming ecosystem.
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