Theta Labs intends to integrate its blockchain powered video infrastructure covenant Theta Network into DLive, a decentralized streaming platform. Theta’s collaboration with DLive will permit P2P video transmission of all video content, in addition to token rewards for the users of DLive.
It can be remembered that PewDiePie, the individual with highest subscribers on YouTube, has started streaming solely on DLive since April 14. Only a month after the kickstart of partnership, the platform recorded a 67% rise in monthly active users, asserting that its audience brought in over 5 million views and more than 70,000 streamers.
Theta Network and DLive, in addition to the initiative taken to “take on YouTube and Twitch with a decentralized, collectively-owned video content distribution system,” also intend to slash “fast-rising content delivery costs” by a minimum of 50% by leveraging on the partnership. In this regard, Wilson Wei, CEO of DLive’s parent company Lino, said:
“The DLive platform has grown tremendously in 2019, but with that comes fast-rising content delivery costs. By adding Theta Network to our video infrastructure we can reduce those costs by 50% or more, making DLive platform growth more sustainable and at the same time adding a new way to engage our users with token rewards.”
As per the announcement, Theta Labs’ initial coordinated move will be to integrate its P2P streaming covenant into DLive’s video platform on both mobile and desktop systems, permitting DLive clients to transmit video on the Theta Network and get tokens as rewards.
Going forward, both firms intend to strengthen their partnership, including likely “content syndication” between SLIVER.tv and DLive, in addition to cross-promotion.
Of late, streaming facility Twitch, which is owned and operated by Amazon, has stopped accepting Bitcoin (BTC) and Bitcoin Cash (BCH) as payment for subscriptions.
Back in April, AltDex, crypto indices provider, has unveiled a crypto index for gaming associated tokens structured to monitor cryptos and tokens of blockchain powered ventures associated with video games, esports and other comparable decentralized applications.
