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THETA (THETA): Price Updates, Recent Developments, Future Events, and Community Sentiments

  • ONE Championship (ONE) has introduced that the Theta Community might be aiding within the launch of their NFT market.
  • Theta Labs has introduced that it’ll unstake 15 million Theta tokens from its validators to fund future tasks.
  • The Theta Community introduced one of many greatest prizes for a blockchain hackathon at $1 million.
  • THETA tokens at present commerce at $6.5895 which is up by over 10% month-date.

Theta first stole headlines for its incentivized, purpose-built decentralized video supply community. Current upgrades to its community have seen expanded compatibility with Ethereum, permitting Ethereum and ETH-compatible purposes to be ported over and run seamlessly on the Theta blockchain.

Theta has managed to construct an expansive ecosystem that at present contains Sony, Google, Samsung, Institutional Funding Group, Binance, ONE Championship, Chainlink, and an extended checklist of others. So how has Theta fared in current occasions?

Current Developments

NFTs have simply dominated current happenings within the crypto house, and this additionally rings true for the Theta Community. Not too long ago, ONE Championship (ONE), a Singapore-based blended martial arts, Muay Thai, and kickboxing promotion, introduced an unique international partnership with the Theta Community (THETA).

The Theta Community might be serving to to launch ONE’s first-ever non-fungible token (NFT) market. {The marketplace} will function NFTs that remember ONE’s celebrity athletes and their most memorable moments.

Whereas the official launch of {the marketplace} has but to be introduced, the Theta Community is ready to play a serious function within the improvement course of. On the announcement, Chatri Sityodtong, Founder, Chairperson and CEO of Group ONE, acknowledged: 

"Our unique NFT partnership with Theta Community is a part of our long-term imaginative and prescient that fan engagement and commerce round our World Champions — and ONE's dedication to heroes, values, and tales — will rework reside sports activities leisure."

The pre-registration course of is at present ongoing; after that, the date of the NFT market might be introduced. 

Theta has additionally introduced the unstaking of Theta tokens to assist speed up the expansion of the community. In keeping with the assertion, Theta Labs might be unstaking an extra 15 million Theta from its validators (~8% of Theta Labs’ complete present stake). The tokens might be used to fund future occasions.

Future Occasions

Whereas Theta might be a part of the upcoming launch for ONE Championship’s non-fungible token (NFT) market, there are additionally different thrilling occasions going down on the community. For instance, the Theta Community has additionally introduced its 2021 hackathon because it seeks to proceed main the decentralized video supply protocol. 

The Q1 2021 hackathon options one of many largest prize swimming pools ever for a blockchain hackathon at $1 million. Along with this, Theta goals to make use of the occasion to extend the group’s improvement and progress within the Theta ecosystem.

In keeping with the venture’s official roadmap, earlier than the tip of Q3, Theta Community might be launching the Theta Ecosystem and a brand new TDROP token white paper, in addition to the unstaking of tokens on the community.

THETA (THETA) Worth Replace

In opposition to the barrage of stories and developments which have stormed the Theta Community during the last month, THETA, the native token of the community, has acquired some temporal worth boosts. Nearly all of the positive factors have been, nonetheless, misplaced throughout the sharp market sell-off in mid-August.

The 30 day worth chart for Theta (THETA). Source Tradingview.com

THETA is at present buying and selling at $6.5895, and month-date, THETA is up by over 10%. Nevertheless, it doesn’t evaluate to the highs of $8.3 and $8.07 that THETA was buying and selling at on the 16th and 24th of August, respectively.

Buying and selling at $6.5895 means Theta now has a market cap of $6.804 billion, making it the twenty fifth largest cryptocurrency.

From the developments being made by the Theta Community, it’s evident that the venture works. Nevertheless, some members of the group are quite frightened concerning the worth of the THETA token.

One such individual is ‘Matias Conti,’ a THETA proprietor who wrote;

“$Theta is my major alt after ETH. I acquired [it] early, and I plan to remain lengthy, hope [I] by no means must promote. Fundamentals are nice, however, Currently, we're lacking the pampamentals. What is going on on? Why is not transferring even tanking in opposition to BTC?”

On The Flipside

  • Whereas Theta has dazzled the scene with new partnerships and bulletins, the worth of the Theta token nonetheless doesn’t reside as much as expectations.
  • One other Theta proprietor, figuring out themselves as ‘Joe,’ shared the identical considerations writing;
  • “Why are all these [pieces of] excellent news doing nothing to the worth? The value has been nonetheless for six months now.”

The Theta Neighborhood Sentiments

Theta’s new involvement with non-fungible tokens has acquired blended reactions from its group. A consumer recognized as MadmaxTobe2 wrote the next concerning the NFTs;

“I’m very bullish on #THETA and its fundamentals based mostly on which I invested within the venture, however for the reason that focus shifted to NFTs, progress appears to have slowed down. Theta is lagging within the NFT sphere, their edge isn’t apparent but. NFT adoption appears restricted to the group.”

Nevertheless, others assist the transfer. Replying to the considerations of ‘MadmaxTobe2,’ ‘Facho Nuise’ wrote;

“They know they won't be able to face competitors with out a sturdy NFT pole. And that is true. If some other NFT platform begins invading their zone, they're going to get massively wrekt as a result of there are too many NFT shoppers. See?”

Little question, the Theta Community is rising, and this NFT market may contribute because it strives to take its place as a dominant blockchain venture sooner or later.

Why You Ought to Care?

It’s extremely unlikely that you just’re oblivious to NFTs (non-fungible tokens), given how they’ve been thrown round just lately. NFTs, whereas making their greatest impression on the planet of collectibles, are slowly creeping into the gaming business, the place they’re predicted to alter the business.

Source: DailyCoin

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