Theta blockchain has been integrated by used into anime streaming channel

Cinedigm will give TFUEL tokens for sharing and watching videos
  • Cinedigm has integrated the Theta blockchain network to rewards creators and viewers of CONtv Anime
  • The users are expected to receive the rewards that will be featured in ThetaFuel (TFUEL) tokens
  • Theta blockchain network’s growth has been observed soaring in recent days

Cinedigm, a prominent American content distribution firm, has applied to integrate blockchain to one of its streaming channels. For the integration, the firm has partnered with Theta Labs, a decentralized video delivery network. However, the content provider firm has plans to integrate the network’s P2P streaming technology. Indeed, the integration will help the firm to reward its CONtv Anime channel users. It is known that the channel airs a wide range of anime series and movies. And now the users watching contents will also receive the rewards along with the users who are sharing contents.

Cinedigm will feature micropayments in ThetaFuel

Cinedigm, the firm behind CONtv Anime, will be featuring micropayments in TFUEL crypto tokens. TFUEL is one of the two native tokens in the Theta blockchain, which will now be used as a reward for sharing content by utilizing bandwidth and computing resources. Moreover, the fans watching such shared content on the channel will also receive rewards. According to the official announcement, the viewers will be able to earn up to $15 in tokens per month by simply watching the contents on their browser.

What does the content provider firm intend?

- Advertisement -

Integrating Theta’s blockchain technology will help Cinedigm to boost user engagement and monetization at a low cost. According to Theta, its streaming solutions help reduce the content delivery cost by at least 50%. According to Tony Huidor, the content provider firm sees the partnership as a long-term opportunity. Further, Huidor explained it is a critical differentiator in the industry that could contribute to sustained viewer growth and engagement in the premium OTT segment.

Furthermore, it is revealed that currently, the first integration will only reward for watching the content and relaying it to other users. However, in upcoming integrations, it is expected that the users could witness rewards used to unlock additional content or unique experiences for token holders.

Theta witnessing accelerated development in recent days

In recent days, it is observed that the Theta blockchain network has seen few soaring developments. The network has attracted many collaborations from Fortune Global 500 firms like Google and Samsung. With the network’s growth last month, we also observed that the THETA token entered the top 10 cryptocurrencies by market cap.

Get this news hand-delivered to you on Telegram. Join our Telegram for similar News and Information related to CRYPTOCURRENCY, BITCOIN, BLOCKCHAIN NEWS, and Price prediction.

How useful was this post?

Click on a thumb to rate it!

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

Download our App for getting faster updates at your fingertips.

Ahtesham Anishttp://www.thecoinrepublic.com
Ahtesham Anis is a Computer Science undergrad student currently based out of India. Coming from the business background and his keen interest in Cryptocurrency and Blockchain technology is what Ahtesham brings to the table. He is always an eager learner when it comes to exploring the new technologies and topics in the crypto world.

Similar Articles

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

We Recommend

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Top Rated NFT Market

Australia's Top Rated Exchange

Top Rated Cryptocurrency Payment Service

Our Partners

cryptoheroes

RocketFuel