This upgrade was key for the launch of the Theta Metachain, which is expected to happen in December 2022. The new version allows the wTHETA to be transferred to Metamask wallets and other smart contracts. It also makes it possible to stake THETA and Theta Fuel (TFUEL) to Guardian nodes and Elite Edge Nodes through smart contracts.
The announcement also included detailed guidance on wrapping and unwrapping THETAs. Token holders can wrap and unwrap using their Theta Web Wallet.
To add wTHETA tokens to metamask wallets, users can use the token contact address “0xaf537fb7e4c77c97403de94ce141b7edb9f7fcf0”, token symbol as “wTHETA” and token decimal as 18.
Theta Labs is a blockchain-based video distribution platform with a significant NFT community that includes names like Katy Perry and Sony. The protocol has been expanding its partner ecosystem since the beginning of the year.
Popular show American Idol partnered up with Theta Labs back in Aug. 2021 to launch real-time NFTs that’d represent each of the contestants at the time. In the same month, One Championship also inked a partnership deal with the protocol to launch One’s first NFT marketplace.
In June 2022, Resorts World Las Vegas joined Theta’s partner network to launch two NFT collections that offer luxury experiences at the venue.
Fuse Media also agreed to work with Theta to launch the Theta Mainchain.