SLIVER.tv, the virtual reality (VR) esports platform known for broadcasting the Dreamhack Masters, and the Intel Extreme Masters Katowice has announced the close of a $20 million USD Theta token private sale.
The sale was led by Danhua Capital and advised by Steve Chen, Co-founder of YouTube and Justin Kan, Co-founder of Twitch. Investors included DHVC, I Blockchain Capital, Nirvana Capital, aelf, Synapse Capital and leading Silicon Valley VCs DCM, Sierra Ventures and the Venture Reality Fund.
SLIVER.tv launched Theta Tokens back in December 2017, earned by fans by logging in daily and used as gifts for their favorite influencers/streamers, and soon, to buy virtual goods for their favorite videogames. Over one million Theta tokens have been earned and gifted to two dozen top esports streamers by over 980,000 SLIVER.tv users since launch. In the future, tokens can also be utilized by advertisers and brand sponsors to fund ad campaigns and support key content creators.
“Our vision is to create the next generation esports and video streaming ecosystem by democratizing today’s centralized content delivery networks,” said Mitch Liu, Co-Founder and CEO of SLIVER.tv and Theta Labs. “We’re thrilled to have the support of so many blockchain and esports experts, we truly believe blockchain technology will disrupt esports and the broader video and media industries. Video content accounts for nearly 80% of all internet data, it’s a huge problem and a multi-billion dollar opportunity that Theta is looking to democratize.”
“We’ve been impressed working with Mitch and the entire SLIVER.tv team since we led the company’s Series A round of financing. It’s clear they’re on an exponential growth trajectory and getting huge traction in the esports streaming community, their underlying video delivery technology under development makes all this possible,” said Dovey Wan, Managing Director of Danhua Capital. “We’ve been in the crypto space since 2013 and are among the earliest supporters of DFINITY, Brave and Orchid Labs. Content delivery networks by nature can leverage decentralization and blockchain technology very well. Today’s blockchain technology is like the internet in 1996, I think Theta has the opportunity to become the dominant decentralized network that powers all video streaming for the next 20 years.”