Katy Perry announces NFTs on Theta Network, invests in Theta Labs

International pop famous person Katy Perry has introduced the launch of her first NFTs in collaboration with Theta Community, as per a launch shared with CryptoSlate.

Excited & ????curious???? to be launching my FIRST ever #NFTs later this yr w/ @Theta_Network. Look out for memorable & inventive moments from my ???? residency ???? that’s each a digital collectible AND an IRL expertise ????TANGIBLE???? Pre-register for more information! https://t.co/kiEwPLZH4T pic.twitter.com/uYNhpDW8oy

— KATY PERRY (@katyperry) June 30, 2021

The primary digital collectibles of the collaboration will function content material from Katy’s upcoming “Play” residency on the model new Resorts World Las Vegas lodge, starting in December 2021. 

Perry may even purchase a minority curiosity in Theta Labs alongside expertise company Inventive Artists Company (CAA), one among Theta’s newest enterprise validators.

 “I’m each excited and curious to be launching my first ever NFTs later this yr with Theta Community,” stated Perry in an announcement.

“This can be a new, distinctive alternative to attach with my followers all over the world even when they aren’t with me in Las Vegas. I can’t wait to dive in with the Theta workforce on all of the thrilling and memorable inventive items, so my followers can personal a particular second of my residency that’s each a digital collectible in addition to an IRL expertise,” she added.

 That is the first-ever Las Vegas residency to function unique NFTs commemorating the occasions, making them a one-of-a-kind collectible for Katy Perry superfans internationally. 

In an announcement, Mitch Liu, CEO of Theta Community, stated the launch coincides with Theta’s Mainnet 3.0 launch and marks an vital inflection level within the protocol’s historical past.

“With the assistance of CAA and Katy’s administration workforce, we’re charting a course in direction of reaching nicely past crypto lovers to tens of millions of music, media and leisure followers all over the world,” added Liu.

Theta Community 101

Theta Community’s NFT market, ThetaDrop, is powered by the Theta protocol and a local blockchain that’s considerably completely different from different NFT platforms because it was purposefully constructed for media and leisure. 

The price of minting NFTs and gasoline charges are as little as $0.15 on the Theta community and transaction instances are 100x quicker than on Ethereum.

Extra importantly, the Theta protocol is constructed from the bottom up on a proof-of-stake (POS) mannequin and subsequently makes use of a fraction of the electrical energy and sources making it considerably greener, and extra environmentally pleasant than different platforms. 

 With the launch of the Theta Mainnet 3.0 protocol upgrades on June thirtieth, Theta’s distributed community of greater than 100,000 international community-run edge nodes continues to develop exponentially. 

Sooner or later, edge nodes will help decentralized NFT storage enabling customers to really personal and take custody of their NFTs, and never rely on any centralized platform. 

Cross-chain bridges between Theta Community, Ethereum and different blockchains will allow seamless NFT switch throughout marketplaces, notably Ethereum-based Opensea, Nifty Gateway and others.

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