Sony Europe joins Theta Network as ‘Enterprise Validator’

A division of Sony Europe has joined Theta Labs’ Enterprise Validator and Governance Council Program, the firms said in a release shared with CryptoSlate.

Another validator

Sony Europe’s R&D Center Europe Brussels Laboratory joins the program as an enterprise validator and member of the governing council to participate in strategic technology planning and ensure the network’s security, reliability, and stability. 

As a member, Sony will operate an enterprise validator node located in Europe to support the network. It joins existing validators like Google, Samsung, Binance, Blockchain Ventures, and gumi.

Underlying the validator program is Theta’s protocol, technology, and operations which provide a native implementation of off-chain micropayments that scale to millions of concurrent video viewers. 

 “At R&D Center we share Theta Network’s passion towards decentralized technologies, and are excited about the possibilities which blockchain technologies can offer to creators,” said Magdalena Wasowska, Head of Sony Europe R&D Center Europe Brussels Laboratory.

Wasowska said that possibilities included tools for license and rights management and innovative solutions for content distribution networks like Theta.

Theta Labs launched its native proof-of-stake blockchain purpose-built for decentralized video and data delivery in 2019 and has quickly advanced towards full decentralization of its security and governance supported by its validator node and guardian node network. 

Sony and Theta

The development comes years after Sony’s corporate venture capital, ‘Sony Innovation Fund,’ had earlier made a forward-looking investment to Theta Labs during its seed equity round in 2016.

Mitch Liu, co-founder and CEO of Theta Labs, said in the regard:

“We’re thrilled that Sony Europe R&D Center Europe Brussels Laboratory has joined us as an enterprise validator accelerating Theta’s adoption and hyper-growth plans this year.”

Liu added the firm’s support and encouragement gave the Theta team the confidence that they were headed “in the right direction,” with their work. Meanwhile, THETA trades at $3.68 at press time and has a current market cap of over $3.6 billion.

Mentioned in this article

Theta Mitch Liu

Ad

The Metaverse We’ve All Been Waiting For: Wilder World Unveils Revolutionary Gameplay Trailer

Ad

CryptoSlate on Substack cryptoslate.substack.com

Stay ahead with crypto's key news and insights. Delivered directly, every day.

Join 90k+ subscribers

Latest Theta Stories

Theta partners with Aethir to launch largest hybrid GPU marketplace for AI and DePIN

AI 9 months ago

Exclusive: Theta and Aethir set to shake up AI and gaming industries with hybrid GPU network 30X current solutions.

Op-ed: Hollywood needs Web3, not vice versa

Contributor Web3 2 years ago

Web3's potential to reshape Hollywood by challenging traditional hierarchies and ushering in a new era of interactive, personalized content.

CryptoSlate Wrapped Daily: Judge rules in favor of Ripple against SEC; Bitcoin decouples from legacy markets

Wrapped 2 years ago

Bitcoin set to reclaim safe haven narrative as it decouples from S&P 500, Ethereum losing NFT trading volumes to Solana, and much more in this edition of CryptoSlate Wrapped Daily.

Theta upgrade goes live to support wTHETA as TNT20 token

Tokens 2 years ago

Theta v3.4.0 is successfully completed at block height 17285755 to introduce a wrapped version of the THETA token, wTHETA

Latest Press Releases

View All

Dawgz AI Crosses $500,000 in Presale: A New AI-Powered Meme Coin for Crypto Enthusiasts

Chainwire 2 hours ago

Pepeto’s $2.8M Presale Highlights Vision for Supporting Memecoins Ahead of 2025

Chainwire 3 hours ago

BingX Provides Free SEPA & SEPA Instant Euro Deposit Service to Users

Chainwire 5 hours ago