Decrypt, a media company and creative studio, and Theta Labs, a leader in decentralized video streaming technology, have announced a groundbreaking partnership to drive innovation in Web3 streaming. This collaboration will enhance Decrypt’s video workflows through Theta Network’s patented technology, creating innovative video portal products and unlocking premium content for GG pass holders on Polygon, Ethereum, and Theta.
Enhanced GG Collection Utility
Decrypt’s GG collection, a free-to-mint NFT on Polygon, provides access to an exclusive community. The GG Pass serves as a gateway to premium content, authenticated via MetaMask by Theta’s patented NFT DRM technology. Theta Web3 Theater video portal product empowers GG pass holders with unique video experiences, including the minting of GG Hub Passes with straightforward email registration and the integration of NFT DRM technology, which authenticates Polygon NFTs and enhances interoperability and user experience.
Collaboration Benefits
The Theta integration enhances Decrypt’s existing GG collection with premium video content. The partnership leverages Theta’s video and digital rights technologies, optimizing Decrypt’s workflows for a new era of content consumption. The synergy between Decrypt’s premium content and Theta’s technology creates a profound level of interaction and engagement, enabling GG pass holders to explore and engage with enriched content seamlessly.
Industry Insight
“We started Decrypt with the idea that emerging Web3 tools would revolutionize how we do business,” said Decrypt’s Co-Founder, Ilan Hazan. “Theta emerged as a perfect fit to achieve our vision, especially with our heightened focus on video content.” Mitch Liu, Co-Founder and CEO of Theta Labs, expressed enthusiasm for the partnership, stating, “We’re thrilled to bring Web3 video experiences to millions of Decrypt users, capturing new stories and narratives from the Web3 world. Partnering with Decrypt is a step towards drawing users from other blockchains by delivering value to existing crypto communities.”
Conclusion
This partnership marks a turning point in digital content delivery, unlocking the potential of Web3 video streaming. Decrypt and Theta continue to shape the future of media and entertainment, offering users unprecedented levels of interaction and engagement. By embracing innovation and leveraging the power of Web3, these companies are poised to transform the way we consume and share video content, creating new possibilities for creators, users, and the industry as a whole.