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Theta Network (THETA) Awarded Patent for Decentralized DRM via NFTs

Theta Network has won patent acclaim for its technology to implement decentralized DRM by means of NFTs The era is aimed toward managing rights across more than one domain names in the inventive trade Creators with their content material in decentralized video streams can now have regulate over them Theta Community is on track towards freeing Mainnet THREE.0

In Advance this week, the team at Theta Network (THETA) announced that the challenge had gained acclaim for a patent utility it had filed with the United States Patent and Trademark Place Of Work.

Decentralized Virtual Rights Control via NFTs

The patent underneath application No17/218,245 or ‘THETA-1003’ is for a era developed through the Theta Network for the implementation of decentralized virtual rights control (DRM) the use of NFTs in a decentralized network.

according to the team at Theta Network, the technology will probably be really useful in more than one areas in the creative and leisure industries similar to live performances, live shows and ticketed events where NFTs will also be used as proofs of virtual possession.

Furthermore, dealing with digital rights thru Non-fungible tokens (NFTs) might be essentially really useful for content-proper holders who fear their rights will be violated once their content material hits decentralized video streaming services and products. on this case, Theta’s era makes use of NFTs to enforce decentralized virtual rights control with out the will for a centralized birthday party. In Consequence, the homeowners of such content can now ‘effectively convey their movies, motion pictures, and games to Theta’s decentralized information and video delivery network’.

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Theta Community On Target to Release Mainnet 3.0 on June thirtieth

Additionally price bringing up is that Theta Community is on target towards launching the highly anticipated Mainnet THREE.0 that introduces the staking and burning of TFUEL.

in step with the group at Theta Labs, Theta Mainnet 3.0 will likely be introduced at block height 10,968,061 at approximately 12 pm to three pm Pacific Time, June 30, 2021.

TO NOTE is that the mainnet launch won’t result in any new tokens or swap of any sort. Therefore, holders of THETA and TFUEL tokens do not wish to do anything else technical for the mainnet to be activated. All finances can be secure in all Theta Wallets and supported crypto exchanges.

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