Theta has risen dramatically in the market cap rankings over the past couple of months — a 22% gain in the last 24-hours sees it leapfrog Chainlink to take the tenth spot.

Theta launched relatively recently, in March 2019. It describes itself as a blockchain video streaming platform that aims to disrupt the streaming industry using decentralized technologies.

The network is built on innovations that share user bandwidth and computing resources on a P2P basis. But perhaps its biggest draw is in leveling the playing field for all stakeholders. Centralized platforms, such as youTube, often catch flak for their unfair treatment of content creators, especially when it comes to distributing advertising revenue. As well as censorship concerns.

With Theta, viewers can earn TFuel by watching content, content creators get a fairer slice of the pie, and video platforms can save on building network infrastructure.

Theta began 2021 at $1.95 with a market cap of $2.3 billion. Since then, surging interest has pushed the price to $13.30, making a $12.9 billion market cap – a 660% increase.

This unbelievable run of form has attracted critical comments of the platform. One Reddit user claimed Theta’s limited capacity and low viewership does not justify its price.

“THETA + Tfuel currently have a combined market cap of +$14B and this for a streaming platform that is basically dead at this point. Have a look for yourself at their website. They average around 1000 concurrent live viewers at peak times and the videos barely get watched.”

Another user dismissed these claims saying the platform does handle more than 1,000 live viewers and features video quality better than Twitch.

What’s coming up in April?

First publicized in December 2020, the Theta team has recently confirmed April 21 as the launch date for Mainnet 3.0.

Theta Mainnet 3.0 is coming April 21st! Start running an Edge Node today: https://t.co/Dgn0dzVC7C and stay tuned for more updates on the road to Mainnet 3.0 pic.twitter.com/jPpLMazvKN

— Theta Network (@Theta_Network) March 2, 2021

Mainnet 3.0 will bring two additional innovations. First is the tokenization of internet bandwidth and availability. This essentially means users will be able to stake their TFuel to a network node to earn more TFUEL.

The idea is to incentivize the growth of nodes to increase network capacity and improve video quality. The minimum staking requirement is 10,000 TFUEL, which is likely why TFUEL has also enjoyed a spike in price in tandem with Theta. As yet, no details on the staking reward are known.

“We believe Uptime Mining and Proof-of-Relay are effective incentivization mechanisms for boosting the footprint of the edge network to meet the needs of major video platforms.”

Also, the mainnet upgrade will introduce a burn mechanism to counter TFuel inflation.

The run-up to the mainnet launch may well see additional price appreciation for Theta and TFuel as investors hunt profits.

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NFTs have become immensely popular over the last few years and have been applied in everything from the gaming world to the sports industry. Following a record $69 million art sale of an NFT at Christie’s auction house this month, it seems there is no stopping the rise of NFTs. 

Now, crypto.com has announced the launch of its new invite-only NFT trading platform that has attracted a slew of big names such as rapper Snoop Dogg and singers Boy George, and Lionel Richie. The platform is due to launch on March 26, 2021.

NFT Platform Coming Soon

As per the official announcement, the site, once launched, will be the world’s largest and most user-friendly NFT platform. It will feature exclusive content from celebrities such as artists, musicians, athletes, and sports stars. Many of these personalities will be creating content exclusively for the NFT site. 

One of the participants, artist Bosslogic, will be releasing his inaugural drop on the site on March 26, 2020, with a collection titled “Higher Ground”.

“I’m grateful to have the opportunity to collaborate with Crypto.com. Having been an avid user of their platform it’s kind of surreal I got to be part of their next step into the new era of art and NFT’s. Stay tuned for my exclusive drop and some major collaborations,” he said. 

There will also be a collaboration between Crypto.com and Aston Martin Cognizant Formula OneTM which marks the matter’s return to F1 for the first time in 60 years.

According to Jefferson Slack, the team’s Managing Director, the company is, “excited to be the first Formula 1 team to offer a new way for our fans to own a piece of our history. The collection of NFTs we’re making available capture the very first moments of our return to F1 after more than six decades.”

More artists and athletes are expected to be announced in the coming weeks and several participants have dropped hints of what type of content to expect once the platform is live. Blockchain is fast becoming more of a part of daily life and the world of entertainment will not be left out.

NFT’s are unique in that they allow fans to ‘own’ a piece of the niche they are so passionate about. An example of this is the first tweet of Jack Dorsey, the CEO of Twitter, being tokenized and sold as an NFT.

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DISCLAIMER Read More

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Bitcoin has been given up for dead at least 400 times, but the reality is that it is more alive than ever and the number of times it has been called a goner is decreasing.

This is what Deutsche Bank notes in the report it issued a few days ago in which it declared that Bitcoin is too important to be ignored.

Going through other pages of the report, other curious details emerge. For example, all the times that Bitcoin has been given up for dead.

Bitcoin has died 400 times

According to the report, every year Bitcoin and Tesla are given up for dead. Since 2010, i.e. practically since its first year of existence, until today, Bitcoin has been declared dead at least 400 times. The peak was in 2017, coinciding with the year of its first all-time high at $20,000. 

Ironically, in 2020, when there was the March market crash that caused Bitcoin’s value to plunge below $4,000, there were only 14 declarations of death for Bitcoin. Nothing compared to 124 in 2017 and 93 in 2018.

However, the trend of Bitcoin’s death declarations has been decreasing from 2017 to date, which could mean that perhaps even the mainstream media is starting to be convinced that Bitcoin is not a passing fad or a gimmick. It is striking though that in the current year, when the first quarter has not even closed, there have already been at least 10 cases of Bitcoin being declared dead. 

The downward trend is nonetheless a confidence boost for Bitcoin and it couldn’t be otherwise given that the price has hit new historical highs, twice reaching $60,000 (tripling the 2017 record). Numerous institutional investors are also starting to believe in Bitcoin. Michael Saylor‘s pioneer MicroStrategy has been joined by major companies, including Elon Musk‘s Tesla. 

Perhaps this is enough to convince the most sceptical that Bitcoin is by no means dead, in fact, it is more alive than ever, and despite its volatility, it is here to stay.

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