Theta Network has announced that it will delay the launch of its mainnet 3.0 due to further testing and reviewing of its code. The recent boom of the NFT market has led to the development of an NFT marketplace by the Theta team. An analyst has questioned whether the recent THETA token price surge was due to market manipulation. Theta Network, the blockchain-based video delivery network, is expecting a delay in its mainnet launch. The expected launch date will be pushed from April 21 to June 30 due to additional reviewing and testing for its non-fungible token (NFT) marketplace. Theta incorporates NFTs as part of mainnet 3.0 Theta Labs, the company behind the Theta Network, announced that its development team is currently working on incorporating “some building blocks” for its NFT marketplace for the launch of its mainnet 3.0. This follows the recent hype around NFTs, as celebrities and entrepreneurs have been flocking to create their own unique tokens, attracting millions of dollars into the industry. Additionally, the world’s largest NFT platform will be launched on March 26 by Crypto.com. Theta Labs has been devoted to putting more resources into building the Theta NFT marketplace, as the importance of its proof-of-stake protocol that was built for media has become more essential for lowering costs of minting and transacting NFTs on the Ethereum network. The blockchain firm believes it is “highly impractical” for buyers to purchase lower-cost NFTs with the high transaction costs on Ethereum. The firm aims to also build cross-chain bridges between Theta, Ethereum and other networks to allow for decentralized storage for all NFTs. Although the firm admitted that delays are never ideal, the team wants to ensure that the network functions properly when it efficiently scales to over 100,000 Elite Edge nodes. The network faced a similar delay during its mainnet 2.0 launch last year. However, the Theta blockchain has not experienced any chain halts or core issues so far. THETA overtakes Chainlink as the tenth largest crypto The native token of the Theta Network, THETA, recently surpassed Chainlink’s LINK token to become the tenth largest cryptocurrency by market capitalization. The token also recorded a new all-time high on March 24, reaching $14.87. Although the Theta mainnet 3.0 launch has been delayed, Theta has been making some major progress with recent developments. Prior to its token surging to a record high, Theta Labs secured a second US patent for its decentralized blockchain-based video and data delivery. The Theta mainnet 3.0 has been a main catalyst for the THETA token price surge, which has outperformed Bitcoin. However, other announcements in the past have also proven to be key to the recent price pump, as seen in December 2020, when Theta revealed its wallet extension for Google Chrome. However, Chinese crypto journalist Collin Wu pointed out that the team behind Theta could have a lot of money to control the market “” which could be the reason behind the THETA price surge. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Natural Gas Futures: Potential for further consolidation FX Street 8 months Theta Network has announced that it will delay the launch of its mainnet 3.0 due to further testing and reviewing of its code. The recent boom of the NFT market has led to the development of an NFT marketplace by the Theta team. An analyst has questioned whether the recent THETA token price surge was due to market manipulation. Theta Network, the blockchain-based video delivery network, is expecting a delay in its mainnet launch. The expected launch date will be pushed from April 21 to June 30 due to additional reviewing and testing for its non-fungible token (NFT) marketplace.… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.