gumi Cryptos Inc. and Theta Labs enter into a strategic partnership agreement for Theta to enter Japan blockchain market
gumi Inc. today announced that its consolidated subsidiary gumi Cryptos Inc. has entered into a strategic partnership agreement with Theta Labs, Inc to enter Japanese blockchain market. Theta Labs, Inc runs Theta Network, the leading video delivery protocol powered by blockchain.
The gumi group is working to create and provide a sense of “Wow!” to the people around the world by taking on challenges ahead of anyone else. Bringing mobile contents utilizing digital data to another level, the blockchain technology is positioned as one of the key foundations for our future business expansion.
We believe decentralized CDN (Content Delivery Network) like Theta Network will solve issues such as cost and speed that are faced by the incumbent CDN especially in the coming 5G/XR era. We would like to support Theta on blockchain promotion in Japan as well as collaborating on video distribution platform and VR contents areas.
gumi Cryptos Inc. is already a key stakeholder in the Theta Network, operating a Theta Enterprise Validator Node and participating in block production and governance of the Theta Network alongside, Binance, Blockchain Ventures and Google. Now, we’ve signed a new business development agreement to work together introducing Theta technology to Japanese media companies. gumi Cryptos Inc. will also leverage our network and experience in the Japanese crypto industry to guide Theta during their Japan entry process and push for a wider acceptance of theta blockchain in Japan.
“With Theta Mainnet 2.0 launching at the end of May, it’s the perfect time to start expanding to new global markets,” said Theta CEO Mitch Liu. “We expect widespread adoption for Theta Network in 2020, and Japan will be a key part of our strategy”.
“As an early supporter of the Theta Network, we’re excited to see the protocol continue to expand its reach into Japan,” said Hironao Kunimitsu, Representative Director of gumi Cryptos Inc. “Japan is a world leader in crypto adoption and a perfect fit for a protocol like Theta with real-world usage.”
About gumi Cryptos Inc.
gumi Cryptos Inc. is the representative member of gumi Cryptos Capital LLC., which is the blockchain/crypto venture fund launched by gumi Inc., a publicly-traded leading global mobile game publisher and developer (https://www.bloomberg.com/quote/3903:JP). gumi Cryptos Capital LLC. offers its portfolio companies a strategic venture capital investment partner with unique access to the Japan cryptocurrency market through its network of investors and management board. Since launching in 2018, gumi Cryptos Capital LLC. has invested in many top crypto projects including Origin, Evercoin, Spacemesh, Opensea and Vega Protocol.
gumi Inc. sees blockchain business as one of the foundations for future growth and has invested in double jump.tokyo Inc. which operates Japan-based blockchain game "My Crypto Heroes" and Financie Co., Ltd. which operates the next-generation SNS platform “FiNANCiE” using blockchain technology. We aim to strengthen our competitiveness in the blockchain industry through investments in other leading companies. Learn more at: https://gu3.co.jp/en/newbusiness/
About Theta Labs, Inc
Theta Labs, Inc. pioneered the next generation esports entertainment platform, THETA.tv, and Theta Network, the leading video delivery network powered by blockchain technology. Theta rewards anyone to restream video and enables existing video platforms to deepen viewer engagement, drive incremental revenues, and reduce CDN costs. Theta network enables users to earn rewards by relaying video on a peer-to-peer basis, utilizing excess bandwidth on any PC, mobile, Smart TV or IoT device.
Theta’s new innovative blockchain and protocol provides native support for off-chain micro payments that scales to millions of concurrent video viewers, and utilizes an unique multi-level BFT consensus mechanism with aggregated signature gossip to achieve higher performance and decentralization.
Theta’s enterprise validator program is led by global industry leaders including Google, Binance, Blockchain Ventures, and gumi Inc. THETA.tv, a first-party streaming platform, with an existing user base of millions of esports viewers is the first platform to launch on the Theta Network. Other video partners include Samsung VR, Littlstar, GFUEL and OTT media, entertainment, peer-to-peer live streaming services. Theta Labs’ strategic corporate investors include Samsung NEXT, Sony Innovation Fund, BDMI Bertelsmann Digital Media Investments, CAA Creative Artists Agency, and others. Learn more at www.thetalabs.org .