Global market maker DWF Labs has taken an important step in the world of altcoins and cryptocurrencies with its $1 million investment in the Theta Labs ecosystem. The capital infusion has been allocated for the development of Theta Edgecloud, a groundbreaking hybrid cloud computing platform poised to reshape the video, 3D rendering and AI landscape.
DWF Labs made a critical altcoin investment
Theta Edgecloud, the focus of DWF Labs’ investment, is preparing to disrupt the traditional norms of cloud computing. This distributed architecture platform is strategically prepared to meet the computational demands of various industries, including video streaming, 3D rendering and artificial intelligence applications. An ambitious initiative, Theta Edgecloud aims to significantly reduce costs by envisaging a pricing model ranging from 1/5 to 1/3 of existing industry giants such as Microsoft Azure, AWS or Google Cloud. This bold initiative positions DWF Labs as a key player in driving innovation and affordability in the cryptocurrency-focused technology landscape.
We are excited to announce a commitment of $1 million to the Theta Labs ecosystem (@Theta_Network) to focus on advancing its latest innovation, Theta Edgecloud 💥 pic.twitter.com/SJitykW4Sz
— DWF Labs (@DWFLabs) December 6, 2023
Theta Edgecloud is planned to be rolled out gradually in 2024. DWF Labs believes in the transformative potential of Theta and envisions a global revolution in the consumption and distribution of video, media and AI services. In its official statement, DWF Labs expressed its confidence in Theta’s capacity to reshape the digital landscape on a global scale. DWF Labs, known for its strategic moves in the cryptocurrency market, does not focus only on Theta Edgecloud. The company recently further solidified its commitment to the crypto space by announcing its investment in altcoin THETA.
THETA price jumped
The cryptocurrency market responded positively to DWF Labs’ announcement and THETA’s price experienced a significant increase. As of December 6, DWF Labs’ commitment to invest $1 million in the Theta Labs ecosystem has positioned Theta Edgecloud as a leading force in the world of hybrid cloud computing, opening new horizons for cost-effective and scalable solutions in the digital space. Currently, THETA price has bottomed after its rise.
The coin was trading at $1,124 before DWF Labs. It later rose to $1.18. However, at the time of writing, it faced a harsh sales blow after this rise. It is currently changing hands at $1.07, a decline of 3 percent. You have the chance to see the striking change in the price of the altcoin project on the 24-hour chart above.
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