- The Theta v3.4.0 upgrade was successfully completed at block height 17285755.
- The software update enabled wrapped THETA (wTHETA), support ahead of Theta Metachain mainnet’s launch in December.
Theta Labs announces that Theta has been successfully upgraded from v3.4.0 to be a blockchain-powered streaming video network.
Theta v3.4.0 was launched at block height 17285755. This success moves Theta closer to its Metachain mainnet launch scheduled for December 2022.
Theta wraps THETA for DeFi
The hard fork was made to the new version after all community validations upgraded their nodes. With v3.4.0, support for wrapped THETA for Theta web wallet (wTHETA), the hard fork was completed.
The TNT20 token – an ERC-20 like token standard on Theta, can now be used on Metamask as well as across multiple smart contracts.
The upgrade includes support for Theta based decentralised financing (DeFi) as well as for staking THETA Fuel and THETA Fuel to Elite Edge Nodes. Guardian Nodes are also available to staking THETA to increase the number of available products. announced.
The upgrade provides more utility for THETA, and opens the ecosystem up for growth. The Theta team is working on a testnet release in advance of the Metachain launch. The testnet will allow developers to create their own highly customizable, customizable subchains.