Phoenix International Media Group’s AIR streaming platform has introduced a strategic partnership with crypto-powered Theta Labs. The 2 companies need to roll out what they described because the globe’s first AI and blockchain-powered audio streaming service.
Based mostly on the collaboration, the brand new product will combine with AIR’s superior AI know-how and Theta’s Edgecloud infrastructure to supply immersive video and audio content material to customers. This innovation will present customers with a excessive and seamless personalised expertise wanted within the Web3 panorama.
The partnership will see the 2 companies develop particular NFT choices for leisure occasions. By incorporating Theta’s EdgeCloud know-how, AIR’s cell apps will provide decentralized, high-quality content material to greater than 1.3 million every day customers.
Theta Labs’ function on music streaming providers
Theta Community, a decentralized, video streaming blockchain platform, is on the entrance line to empower artists and outline the connection between creators and followers. The platform is kind of totally different from conventional digital streaming platforms like Apple Music, Spotify, and many others.
Since it’s a decentralized video streaming market, it focuses on eradicating the layers of intermediaries that, prior to now, have separated artists from their followers.
Through the use of the Theta Community blockchain, the AIR streaming platform will provide a unprecedented degree of transparency and direct relationship between artists and followers. Theta Community distinguishes itself from typical streaming platforms by offering artists with increased management over their monetization methods and content-making approaches.
The applying of blockchain know-how is vital to the AIR streaming platform’s dedication to making a clear and open video/ music ecosystem. By capitalizing on blockchain, the platform is primed to handle persistent points within the music trade. A few of these challenges embody like lack of direct relationships between artists and followers, opaque royalty techniques, and lots of others.
THETA worth evaluation
Theta Community’s worth has remained lively attributable to its platform’s relevance, strategic partnerships, and ecosystem enlargement. THETA worth is surging as a result of traders see its know-how’s potential at a time when synthetic intelligence (AI) and blockchain are doing properly.
THETA is at present buying and selling at $1.98, 21.70% up within the final seven days, outperforming the worldwide crypto market, which is at present 1.50% up.
The rationale THETA is doing properly when it comes to market efficiency is because of its strong relationships with main tech companies (like Sony, Samsun, Google, and many others.) and likewise entertaining companies (like MGM and others).
