The Enterprise Validator Program also includes leading cryptocurrency exchange Binance, Japanese partner firm Gumi Cryptos, and venture capital fund Blockchain Ventures. Enterprise Validators verify transactions across the Theta network.
The announcement coincides with Theta’s mainnet 2.0 roll out, which is also scheduled for May 27.
Google to power Theta’s cloud infrastructure
Google has also been announced as Theta’s preferred cloud provider, with Theta users able to deploy and run nodes directly from the Google Cloud Marketplace from May 27.
Allen Day, a developer advocate for Google Cloud, stated that distributed ledger technology (DLT) “enables new business models that potentially transform the global digital economy, including the media and entertainment industry.”
“We look forward to participating as an enterprise validator, and to providing Google Cloud infrastructure in support of Theta’s long-term mission and future growth,” Day added.
Google Cloud will also power the cloud infrastructure underpinning the Theta.tv video platform.
Mitch Liu, Theta Labs co-founder and CEO, stated, “We’re thrilled to deepen our partnership with Google Cloud across a number of key strategic areas to accelerate Theta adoption across industries.”
Theta tokens rally over 10 times
Theta.tv is a crypto-powered 24/7 streaming service broadcasting Esports, poker tournaments, and major blockchain and cryptocurrency conferences including Consensus and the Crypto Asia Summit. Users’ engagement on the platform is rewarded in the form of Theta’s proprietary rewards token TFUEL.
Theta’s mainnet 2.0 launch follows a spate of high-profile partnerships over recent weeks, including a deal with Samsung to launch the Theta app across 75 million Android smartphones worldwide.
Confluence between the partnerships and a break-out into record price highs has seen Theta’s tokens increase in value by four-figure percentages since the mid-March "Black Thursday" crypto market crash.