Theta Labs, a blockchain infrastructure supplier for Web3 media and leisure, has partnered with ABS-CBN, the Philippines’ main content material firm, to reinforce 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 associate for ABS-CBN’s numerous 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 numerous enterprise models, enabling the corporate to reinforce 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 contemporary alternatives for media and leisure followers within the Philippines, together with the introduction of NFT collections that may provide a singular strategy 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 numerous 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. Via the partnership with ABS-CBN, Theta’s video and Web3 infrastructure might be made accessible to hundreds of thousands of viewers within the media and leisure business.
The pinnacle of digital at ABS-CBN Company, Jamie Lopez, is thrilled concerning 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 numerous companies and IPs. The partnership will carry new options and capabilities to the viewers and push leisure boundaries.
What the partnership means to each communities
This partnership is a major improvement for the SEA media and leisure business, as it’s going to allow ABS-CBN to supply modern companies that may improve the viewer’s expertise and engagement. Theta Labs, alternatively, 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’s going to allow them to supply worth to their prospects and broaden their companies. The introduction of NFT collections within the SEA media and leisure business is a major improvement that might pave the best way for extra modern companies and choices. It is going to be attention-grabbing to see how this partnership will unfold and what new options and capabilities it’s going to carry to the viewers.