Theta Validator Unstaking to accelerate EdgeCloud AI growth and adoption
For the past several years Theta Labs has unstaked certain amounts of THETA tokens from the project treasury in order to fund ecosystem growth, decentralize the Theta protocol and expand the roster of Theta enterprise validators now up to 29 including Google, Samsung, Sony, CAA and many others.
That has led to significant progress for Theta in the past year, most notably the launch of Theta EdgeCloud, the leading hybrid cloud-edge computing platform for AI, video and rendering. Powered by over 30,000 distributed edge nodes and cloud partners like Google Cloud and Amazon Web Services, it’s the optimal price-to-performance solution for complex, resource-intensive tasks that cutting-edge AI research demands. Recently KAIST, often referred to as the “MIT of Korea,” signed a multi-year agreement that will see its renowned AI lab utilizing Theta EdgeCloud to power their cutting-edge computer vision and natural language processing projects.
Theta remains in a strong position for future development and increased adoption globally. Theta Labs plans to once again unstake from its treasury — 30M THETA out of the total 120M treasury that is currently staked — to accelerate the momentum in EdgeCloud and AI development, community development and platform adoption to further establish Theta blockchain and EdgeCloud as the leading decentralized cloud for AI, video and rendering. These funds will be allocated to technology and business development, EdgeCloud customer onboarding, ecosystem incentives, Theta Hackathon prize funding, and other marketing strategic initiatives.
This initiative also continues moving the network toward full decentralization with Theta Labs reducing its staking percentage from 26% to 20% of the total Theta staked among all validators and guardians. These steps are ensuring Theta ecosystem becomes increasingly decentralized and less reliant on Theta Labs over time, which is important both to ensure users can trust the record of the Theta blockchain and also from other strategic perspectives.
The entire Theta team is excited and optimistic in the next 12 months and Theta’s leadership position as the de-facto infrastructure and blockchain for the fast evolving AI, media and entertainment industries.
