This is a summary of the latest patent granted to #Theta Labs (Decentralized #edge storage network with flexible file sharding). It is a bit long, but worth reading. The possibilities for use are countless! https://patents.justia.com/patent/11611615

This is a redacted version of the transcript of the first #Theta Labs AMA at @Thetacon22 to facilitate the dissemination of information both within and outside the @Theta_Network  Community. https://medium.com/@stateoftheta/7f0cf0865781  #ThetaMetachain #AI #Web3 #Layer0 #NFTDRM #ThetaVideoGate

It appears that an enhanced version of #VOLTSWAP is in the works on the #ThetaMetachain with the creation of new AMMs (automated market makers) and a new 100 million issue of the Theta Voltswap Governance Token (TVOLT).

These AMMs involve using the $wtheta, $wtfuel, $tdrop, and $tvolt tokens and the price ratio between them. The VolatileV1 - WTFUEL/WTHETA AMM is one of them.

Other AMMs created are VolatileV1 AMM - TDROP/TVOLT, VolatileV1 AMM - WTFUEL/TVOLT, and VolatileV1 AMM - TDROP/WTFUEL.

An automated market maker (AMM) is a decentralized exchange (DEX) protocol that relies on a mathematical formula to price assets.

An enhanced version of VOLTSWAP is in the works.

With #ThetaMetachain, each platform or #Web3 business can have a highly customizable subchain and effectively have its uncongested chain structured to its needs.                           #layer0 #Theta

But unlike a private blockchain, it comes with a public blockchain's transparency, security, and credibility.

And with a native governance token tailored to their subchain allows access and governance to reside with the appropriate stakeholders in their ecosystem, not those of totally unrelated entities.

#ThetaMetachain consists of one “main chain” and an unlimited number of “subchains.” Theta Metachain refers to an overarching “main chain” above many purpose-specific “subchains.”

The "main chain" refers to the existing Theta mainnet. Theta will offer an easy-to-use SDK that developers can quickly use to launch a subchain and plug it into the main chain.

Since each subchain can execute transactions independently, this provides a viable path to infinitely scale the processing capacity of the #ThetaMetachain. Furthermore, creating a subchain is permissionless, meaning anyone can register and launch a subchain.

No approval from #Theta Labs is required. https://assets.thetatoken.org/theta-mainnet-4-whitepaper.pdf

You can read the unrolled version of this thread here: https://typefully.com/stateoftheta/U0QE4By.

#ThetaMetachain

The launch of the first subchain on Theta Metachain is getting closer and closer to becoming a reality!                                #layer0 #web3 #blockchain #thetametachain #theta

Two days ago, the collateral for creating the first subchain (10,000 wthetas tokens) and its validators (1,000 wthetas tokens) was deposited to a registrar smart contract on the mainnet.

At the same time, the subchain operator has created the TNT20 governance token contract: Subchain 360888 Gov (SNDGOV), with a total supply of 500,000,000 tokens.

Also, four valid deposits of 100,000,000 TNT20 governance tokens, each one has been made to the same registrar smart contract for possibly creating four validators on the subchain.

registrar smart contract address https://explorer.thetatoken.org/account/0x3255bd439c11fa45de90f042dbf8d37d75698322#Transactions

subchain operator address https://explorer.thetatoken.org/account/0x3255bd439c11fa45de90f042dbf8d37d75698322#Transactions                                     TNT20 governance token creation https://explorer.thetatoken.org/txs/0xbbbaabd56425a0c2f6e90d880155d4d1991acefe4be612446fd52f5f3f26bc6c                       TNT20 governance token contract address https://explorer.thetatoken.org/account/0x430a67c3a67ce4aeb7923a4e783ac9260466af2f#Transactions

You can read the unrolled version of this thread here: https://typefully.com/stateoftheta/wxxiUar

The launch of the first subchain on Theta Metachain is getting closer and closer to becoming a reality!

These are some of Andrea's statements extracted from the talk's content. It is worth watching! https://www.youtube.com/watch?v=5P4wZRsNyDE&ab_channel=Proof-of-TalkBlockchainPodcast #ThetaMetachain #web3 #nft #layer1 #blockchain #theta

1. Mass adoption for web3 and blockchain technology will be through media and entertainment use cases.

2. Theta's focused on helping companies embrace and adopt web3

3. NFT is the consumer touch point, and Theta has patents around many things, like NFT DRM, which is digital rights management getting a video experience.

4. NFTs are a great gateway drug to blockchain really for business.

5. We are focused on utility NFTS.

6. We are building a wizard right to guide people through the launch of a sub-chain so that the goal would be for a non-technical person or a shallow technical person could still launch a sub-chain whit minimal effort.

7. I'm excited to see how blockchain will change the creative aspect of films that you and I watch in the future and what stories are going to be able to be told it.

Proof-of-Talk Blockchain Podcast by @proof_talk with @w3Andrea

The ERC-1155 token standard created in 2018 ERC-1155 was designed to tackle some of the issues ERC-721 couldn’t resolve.

The most important differentiator is that ERC-1155 marries the capabilities of ERC-20 and ERC-721, allowing for the creation of fungible, non-fungible, and even semi-fungible tokens (such as tiered rewards in a PC game).

ERC-1155 is often referred to as “the next-generation multi-token standard.” What does it all mean? ERC-1155 proposes a uniform interface to address many different token development needs at the same time.

Rather than creating a single NFT and tying it to a standard, you can harness entire NFT collections, making the process much more seamless and faster for creators. This also allows for fast batch transfers.

Therefore, what makes ERC-1155 different is that, for example, you can have all the same trees in a game tied to one NFT only. These can differ with a mint number but don’t have to. The gas fees are said to be much lower too.

It’s believed that with ERC-1155, gas fees are cut by up to 90%, representing a real game-changer for the NFT world. The only potential drawback of ERC-1155 is that ownership could be harder to track as it leverages less robust information logs.

While ERC-721 serves as “the golden standard,” we can’t ignore that its operations are time-consuming and flood the blockchain networks with redundant code.

ERC-1155 can be seen as a “lite” version, allowing multiple functions within a single transaction and bringing more efficiency and speed.

Source: https://blog.venly.io/token-standards-understanding-the-difference-between-erc-721-and-erc-1155-273097ae36d4