SLIVER.tv Korea mobile esports platform will be powered by Theta decentralized video delivery network, with users earning TFUEL and Klaytn app-level engagement token

San Jose, CA, May 29, 2019 — Klaytn, the blockchain project launched by Kakao subsidiary GroundX, announced they will partner with SLIVER.tv and Theta Labs to launch SLIVER.tv Korea, a new esports mobile app powered by the Theta video delivery network. SLIVER.tv Korea will join Klaytn blockchain platform as an initial launch partner.

SLIVER.tv Korea will be the world’s first end-to-end mobile esports experience, powered by the Theta blockchain and the new native Klaytn token. Users will be able to share their excess bandwidth to relay SLIVER.tv Korea video streams over the Theta Network, earning Theta Fuel (TFUEL) tokens in the process. At the same time, users will be able to earn app-level Klaytn blockchain tokens for daily login bonus, participating in chat, donating virtual items and various other engagement actions. The launch of SLIVER.tv Korea expands Theta Network’s footprint in the Korean market, building on partnerships formed with SamsungVR, MBN, CJ Hello, Pandora.tv and KAIST university.

“We’re thrilled to be partnering with SLIVER.tv and Theta Labs to launch the SLIVER.tv Korea esports platform in the Korea market,” said Chase Choi, Head of Business Development at GroundX. “SLIVER.tv has built an impressive global game streaming platform with over 3 million users and we believe we can help them become successful in the Korea market while driving significant adoption and usage of our Klaytn blockchain.” “SLIVER.tv is positioned to take advantage of the cutting edge innovation happening in Korea, from pioneering mobile gaming, to its embrace of blockchain technology and early market leadership and adoption of 5G wireless,” said Mitch Liu, CEO of SLIVER.tv and Theta Labs, Inc. “The convergence of these trends presents a unique opportunity to build the first ever mobile-to-mobile esports platform powered by blockchain rewards from Theta and Klaytn native chains.”

About SLIVER.tv and Theta Labs, Inc

SLIVER.tv is the next generation Esports entertainment platform on blockchain which features 24/7 live streaming content from top games like Fortnite, League of Legends, CSGO, and more. Viewers can watch top Twitch streamers like NICKMERCS, Method Hotted, and 100T Ceice on SLIVER.tv to further interact with the stream and earn Theta rewards, open themed crates, and win a wide variety of gaming gear.

Theta is a video delivery network powered by blockchain that incentivizes anyone to restream video and enables next-gen video apps that deepen viewer engagement, drive incremental revenues, and reduce costs. Theta’s protocol enables users to earn rewards by relaying video via excess bandwidth on any device. It will allow for decentralized apps (DApps) to be built on top of the platform to enable use cases that span esports, entertainment, peer-to-peer streaming, and more. SLIVER.tv’s DApp was the first application built on the Theta network leveraging its existing user base of millions of esports viewers. Other video platforms partnered to integrate the Theta protocol include Samsung VR, CJ Hello, MBN, and Pandora.tv.

About Klaytn and GroundX

The Klaytn blockchain project is being developed by GroundX, the blockchain unit of Korean tech conglomerate Kakao. Klaytn is an enterprise-grade, service-centric platform that combines the best features of both public blockchains (decentralized data & control, distributed governance) and private blockchains (low latency, high scalability) via an efficient ‘hybrid’ design. GroundX has reported raised $90M (107B KRW) in funding for the Klaytn project in a private token sale, with an additional funding round currently underway.