Google is teaming up with Theta Labs in a move meant to help the video delivery network onboard users through Google Cloud.
As part of the partnership, the tech giant is assisting Theta with its Mainnet 2.0 launch, a hard fork happening around noon Pacific time on Wednesday, said Theta Labs CEO Mitch Liu.
“I can’t offer specifics about the technical direction Theta will take, but I can say that we’ll be a good partner,” said Google Cloud developer advocate Allen Day. “Google Cloud is an enterprise validator of the blockchain – participating in the security and governance of the network – while Theta is staking tokens for that node.”
Google will become the protocol’s fifth external validator node. (Here’s the node producing blocks on the chain). Theta Labs is staking 5 million THETA tokens (worth about $2.4 million at a press-time price of $0.48 each) for Google on the network. Read the complete article HERE.