{"id":216574,"date":"2021-04-01T16:30:00","date_gmt":"2021-04-01T13:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cinedigm-integrates-theta-blockchain-tech-into-anime-streaming-channel\/"},"modified":"2021-04-01T16:30:00","modified_gmt":"2021-04-01T13:30:00","slug":"cinedigm-integrates-theta-blockchain-tech-into-anime-streaming-channel","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cinedigm-integrates-theta-blockchain-tech-into-anime-streaming-channel\/","title":{"rendered":"# Cinedigm integrates Theta blockchain tech into anime streaming channel"},"content":{"rendered":"

“# Cinedigm integrates Theta blockchain tech into anime<\/a> streaming channel <\/strong>”
\n<\/p>\n

Cinedigm, a major American content distribution company, is app<\/a>lying blockchain technology<\/a> to one of its streaming channels.<\/p>\n

The company has partnered with decentralized video delivery network Theta Labs to integrate Theta’s peer-to-peer streaming technology and cryptocurrency rewards into its CONtv Anime channel airing a wide range of anime series<\/a> and movies.<\/p>\n

CONtv Anime will feature micropayments in Theta Fuel (TFUEL), one of the two native tokens on the Theta blockchain. The token will be used as a reward for sharing video content by utilizing excess bandwidth and computing resources as well as watching the channel\u2019s content. According to the announcement, fans will be able to earn up to $15 in tokens per month simply by watching content on their browser.<\/p>\n

By incorporating Theta\u2019s blockchain-based streaming technology, Cinedigm intends to boost user engagement and monetization while reducing costs. Theta Labs said that its streaming technology can lower video delivery costs by at least 50%.<\/p>\n

Cinedigm’s senior vice president of products and technology, Tony Huidor, said that the company views the partnership with Theta as a long-term opportunity. It\u2019s a \u201ckey differentiator in the industry and we believe it will contribute to sustained viewer growth and engagement in the premium OTT segment,\u201d Huidor said.<\/p>\n

Wes Levitt, head of strategy at Theta Labs, said, \u201cIn this first implementation, CONtv users will earn TFUEL micropayment rewards for watching the content and relaying it to other CONtv users. Future integrations could see rewards used to unlock other content or unique experiences for token holders.\u201d<\/p>\n

\u201cThis is Cinedigm\u2019s first publicly announced partnership with a blockchain project, though they recently publicly expressed interest in NFTs for their content library which we see as a very exciting potential collaboration point,\u201d Levitt added. Theta Labs initially teased<\/a>\u00a0this partnership with Cinedigm in late 2020.<\/p>\n

Earlier this year, Theta Labs enabled similar TFUEL micropayments features for projects like live poker entertainment platform World Poker Tour<\/a> and entertainment distribution platform Shout! Factory<\/a>.<\/p>\n

As previously reported by Cointelegraph, the Theta network has seen some accelerated development recently, attracting collaboration from Fortune Global 500 firms like Google, Samsung and Sony. Amid the network growth, Theta Network\u2019s token THETA hit new all-time highs in 2021, entering the top 10 cryptocurrencies by market capitalization in March.\u00a0<\/p>\n