Creative Artists Agency (CAA) an influential talent and sport agency business has joined Theta to help with governance and validation of its blockchain-based video delivery network
CAA will work with seven other external Theta Enterprise Validator and Governance Council members, together with Google, Samsung and Sony, and also major private equity and cryptocurrency firms.
The membership means CAA will carry out a validator node and help ensure the robustness of the network, Theta announced in a press release on Thursday.
Theta sets out to enable video platform clients to make more revenue and reduce delivery costs. Users are compensated for sharing bandwidth to help relay video on a peer-to-peer basis. It also has an non-fungible token (NFT) marketplace called ThetaDrop.
Michael Yanover, CAA’s head of business development said in a statement“We believe that blockchain technology and the rise of digital collectible NFTs will bring unprecedented opportunities to our family of storytellers, trendsetters, icons and thought leaders in the entertainment industry,”
“With CAA on board over half of our validators are now run by external partners advancing us closer to full decentralization,” said Theta Labs co-founder and CEO Mitch Liu.
Theta’s native TFUEL token has a market cap of $1.6 billion, according to CoinGecko data.