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 business 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 companion for ABS-CBN’s varied enterprise models 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 know-how by using Theta’s video API throughout varied enterprise models, enabling the corporate to boost the viewer’s expertise and produce Web3 options and capabilities to its viewers, providing new methods to find and interact with their favorite content material.
The partnership additionally presents contemporary alternatives for media and leisure followers within the Philippines, together with the introduction of NFT collections that may provide a novel method 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 companion to energy ABS-CBN’s varied enterprise models 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 companies, 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 development within the area. By means of the partnership with ABS-CBN, Theta’s video and Web3 infrastructure can be made out there to thousands and thousands of viewers within the media and leisure business.
The pinnacle 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 deliver 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 business, as it would allow ABS-CBN to supply modern companies that may improve the viewer’s expertise and engagement. Theta Labs, however, will broaden its attain within the area and assist speed up the adoption of Web3 know-how within the media and leisure business.
Total, the partnership between Theta Labs and ABS-CBN is a win-win for each firms, as it would allow them to supply worth to their clients and broaden their companies. The introduction of NFT collections within the SEA media and leisure business is a major growth that would pave the way in which for extra modern companies and choices. It is going to be fascinating to see how this partnership will unfold and what new options and capabilities it would deliver to the viewers.
