AA NewsCrypto NewsNon-Fungible Token (NFT)TFUELUSDTHETATHETABTCTHETAUSD

THETA Price Crashes 30% in a Day Following Mainnet Postponement

According to an announcement from the project, the development team needs more time to “conduct a more thorough review and testing” to ensure that the network will function effectively when it scales over 100,000 Elite Edge Nodes.
Theta Mainnet 3.0 To Launch In June 
Theta Labs has been consistently working on releasing its Elite Edge Nodes with TFUEL staking and burning on the Theta 3.0 Mainnet. The company also intends to “incorporate some building blocks” for an NFT marketplace on the Mainnet.
With all these tests and reviews aiming to ensure the smooth running of the network, Theta has decided to move the Mainnet launch date from April 21st to June 30th. 
Leveraging NFT Boom
Theta intends to take advantage of the current NFT boom to build out its NFT marketplace while integrating some of its basic elements into the Mainnet 3.0 core.
The project plans to utilize its Elite Edge Nodes as a decentralized storage space for all NFTs without relying on centralized platforms since the EENs are able to tokenize internet bandwidths.
It intends to solve the problem of high Ethereum gas fees for the minting and transaction of NFTs on the ETH ecosystem by creating a cross-chain bridge between itself, the Ethereum blockchain, and other networks to enable seamless transfer, storage, and ownership of all digital assets.
Speaking on the delay of the Mainnet launch, the company said, “While delays are never ideal, we think this change is the prudent way forward to ensuring a successful Mainnet 3.0 launch. Our development team …
Story continues on Crypto Potato

Related posts
AA NewsADABTCADAUSDCardanoCharles HoskinsonCrypto NewsNon-Fungible Token (NFT)Social

Cardano to Support NFT Marketplaces, Hints Charles Hoskinson

While doing the necessary work on the upcoming hard fork Alonzo, Cardano’s founder Charles Hoskinson said that his project would also focus on NFTs and NFT marketplaces. He noted that Cardano has already carried conversations with several such marketplaces about…
AA NewsCrypto NewsDeFidogecoinSocial

After Dogecoin, Elon Musk Now Teases DeFi Proponents

Elon Musk continues to tease cryptocurrency aficionados. After numerous tweets about the meme-coin Dogecoin, the CEO of Tesla has his sight set on decentralized finance (DeFi). Elon Musk is undoubtedly one of the most interesting people involved with cryptocurrencies. Apart…
AA NewsBCHBTCBCHUSDBitcoinBTCEURBTCGBPbtcusdBTCUSDTCoinbaseCrypto NewsETHBTCETHUSDLTCBTCLTCUSDSocialUnited States

Skrill to Enable US Citizens to Buy Bitcoin Following a Coinbase Partnership

The Skrill digital wallet, launched by the specialized payments platform Paysafe, will expand its presence in the US by partnering with Coinbase. The largest US-based crypto exchange will provide new cryptocurrency white label solutions to Skrill, thus enabling users from…