With the beta release of its open video streaming platform, Theta Labs is moving forward with its goal of democratizing content distribution.
The Theta Edgecast platform, revealed on Thursday, aims to reward its users while reducing the cost of delivering video content by using a distributed network.
Edgecast is a decentralized app (dapp) operated by the Theta Edge Network, based on Theta’s peer-to-peer video blockchain technology. The network currently consists of over 2,690 nodes worldwide, according to the announcement.
Since 2017, the organization’s core goal has been to create a decentralized video network, said Theta Labs CEO Mitch Liu.
â€œOur core thesis was to build a fully decentralized video infrastructure that would drive more benefit to each key stakeholder in the video streaming value chain.â€
The dapp facilitates video recording, transcoding it in real-time before caching, and transferring the content to users worldwide. The network is also responsible for powering the company’s Theta.tv eSports streaming site.
â€œUnlike other video platforms this means Edgecast does not feature a single centralized server or service. This is a huge accomplishment and a huge challenge.â€said Liu.
The World Poker Tour will provide content on Theta Edgecast round the clock as part of the launch, meaning users can watch games directly from the site.
Google teamed up with Theta Labs in May of this year to support the video distribution network by on-boarding users via Google Cloud. With its Mainnet 2.0 launch, the tech giant also sponsored Theta.