NFT
Theta Labs, a blockchain infrastructure supplier for Web3 media and leisure, has partnered with ABS-CBN, the Philippines’ main content material firm, to boost the Southeast Asian (SEA) media and leisure trade with Theta video API and digital collectibles.
We’re excited to announce our new partnership with @ABSCBN, the Philippines’ main content material firm! Theta would be the Web3 video infrastructure associate for ABS-CBN’s varied enterprise items with Theta Video API and its digital collectibles NFT enterprise.https://t.co/B3OOmgRyCt
— Theta Community (@Theta_Network) March 21, 2023
Goals of the brand new partnership
ABS-CBN goals to discover the potential of Web3 expertise by using Theta’s video API throughout varied enterprise items, enabling the corporate to boost the viewer’s expertise and produce Web3 options and capabilities to its viewers, providing new methods to find and have interaction with their favorite content material.
The partnership additionally presents recent alternatives for media and leisure followers within the Philippines, together with the introduction of NFT collections that may provide a singular technique to interact and join with their favorite characters and tales. Following the success of “Idol Philippines” on ThetaDrop, Theta would be the Web3 video infrastructure associate to energy ABS-CBN’s varied enterprise items and its digital collectibles NFT enterprise.
Remarks on the brand new partnership
Mitch Liu, CEO of Theta Labs, believes that the widespread adoption of subscription and ad-supported streaming providers, unique IP, and content material in Southeast Asia, coupled with the success of the “Idol Philippines” digital collectibles on the Theta blockchain, demonstrates the potential for exponential progress within the area. By the partnership with ABS-CBN, Theta’s video and Web3 infrastructure shall be made accessible to thousands and thousands of viewers within the media and leisure trade.
The top of digital at ABS-CBN Company, Jamie Lopez, is thrilled in regards to the partnership with Theta Labs and appears ahead to testing and exploring Theta’s Web3 video and NFT DRM infrastructure, which may improve the viewers expertise throughout varied companies and IPs. The partnership will convey new options and capabilities to the viewers and push leisure boundaries.
What the partnership means to each communities
This partnership is a major growth for the SEA media and leisure trade, as it would allow ABS-CBN to supply modern providers that may improve the viewer’s expertise and engagement. Theta Labs, then again, will develop its attain within the area and assist speed up the adoption of Web3 expertise within the media and leisure trade.
Total, the partnership between Theta Labs and ABS-CBN is a win-win for each corporations, as it would allow them to supply worth to their clients and develop their companies. The introduction of NFT collections within the SEA media and leisure trade is a major growth that might pave the best way for extra modern providers and choices. It will likely be fascinating to see how this partnership will unfold and what new options and capabilities it would convey to the viewers.
