The native community of Theta Network is buzzing with excitement. The roadmap for 2024 has been established, including Edge Cloud at its core. The Network and Google partnership served as an inspiration for the hybrid cloud computing platform, which combines the greatest features of Edge and Cloud architecture.
There are two sections to the roadmap: H1 and H2. H1-2024 includes four significant advancements that pertain to EdgeCloud’s initial release. Hosting Theta-managed nodes, launching the Elite+ Booster function for EEN, hosting well-liked models—such as language and gen-AI—and enabling virtual management in conjunction with an operations dashboard.
The roadmap includes improvements to the Theta Video API during the first part of the year. Advanced metrics are being added to dashboards, and self-serve studio-level NFT DRM support is anticipated to handle live streaming. Theta Hackathon will arrive with a primary focus on EdgeCloud, DePIN, and Metachain.
Theta Network’s roadmap calls for an expansion through the sponsorship of fresh initiatives within the ecosystem. It will cover TNT20 staking as well as subchains. The EdgeCloud second release is scheduled for H2-2024.
Partners will be able to install and operate hosted nodes with it. These will be useful in their own clouds and data centres, and application tips will likely proliferate throughout the ecosystem. Important job information would be made available, or rather should be anticipated to be made available, allowing storage for compute jobs that are temporally and persistently oriented.
Together with ThetaDrop, Theta Web3 Theatre is probably going to be included in partner platforms. Theta Network will also expand TDROP use cases into its partners’ marketplaces.
For THETA, the network’s native token, the announcement has been effective. It is now listed at $1.01 and has increased by 0.45% in the last day. It also indicates a 4.62% rise over the previous day. Despite a 0.06% increase in the market valuation, the 24-hour volume has increased by 93.27%.
Having stated that Theta Network has made indications about its intentions for 2025. Theta Network has announced that it will release EdgeCloud 3 within the next year, so this is not particularly shocking. Few specifics have been made available to the public. Theta Network is expected to launch a jobs and payload marketplace, optimize job supply and demand, and provide developer API access, according to the information posted on the official blog.
Theta Network will continue to be interested in new applications. Throughout the development phase, EdgeCloud will stay at the centre; nonetheless, evolutions are to be expected. According to Theta Network, the roadmap is dynamic and will be revised periodically per the way products and use cases are introduced. It will also take into account the community’s response to these developments.