DHVC joins Theta Network Enterprise Validator and Governance Council Program
DHVC has now joined as the 9th external Theta Enterprise Validator and Governance Council member along with Google, Samsung, Sony, CAA, Binance, Blockchain Ventures, gumi, and a group of private equity institutional investors including Sierra Ventures, Heuristic Capital, Venture Reality Fund and GFR Fund.
DHVC is a venture capital firm based in Palo Alto, California and Shanghai with over $500M in Assets Under Management that invests in Artificial Intelligence, Crypto, Consumer, and Biotech areas. DHVC boasts dozens of portfolio companies in both Silicon Valley and China, giving it unique experience as a major contributor to the two most important regions for technology development today. DHVC has been a long-time supporter of Theta Labs, leading the Series A equity round of financing and participating in the Theta private token sale in 2017. In addition to Theta, DHVC has invested in countless top-tier blockchain projects and companies such as Protocol Labs, Brave, Figure, Compound, Dfinity, FTX, Hedera, and Cosmos. Now, DHVC will expand their support of Theta blockchain by staking two million THETA tokens to a new Theta Enterprise Validator Node.
Theta Network is quickly advancing towards full decentralization of its security and governance. DHVC becomes the newest addition to the Theta enterprise validator program by running a validator node, and joins Theta governance council integral in the strategic planning, ensuring the stability, reliability, and security of the network. Other program members include global industry leaders in the media & entertainment, technology, gaming industries as well as pioneers in the fintech and blockchain space.
“We’re thrilled to expand our support for Theta as an enterprise validator and governance council member, taking a direct role in securing the Theta blockchain,” said Ali Farahanchi, Managing Director at DHVC. “Theta has made massive progress since we led the Series A equity round in 2017, and we expect another 100x growth as Theta transforms the media and entertainment industry through blockchain and decentralized technologies.”
Expanding the Enterprise Validator Council is part of a longer-term strategy of decentralizing the Theta protocol, with numerous stakeholders supporting Theta’s mission and all taking an active role in the operation of Theta blockchain. The majority of Enterprise Validator nodes are run by key industry stakeholders in media and technology, and Theta Labs is staking less than a third of all Theta tokens — both major milestones to decentralized governance of the Theta blockchain.
“DHVC was one of the very first investors to see the huge potential for decentralizing video and media, it’s been a pleasure to work closely with Ali and the entire team over the last several years, we wouldn’t be here without their unwavering support,” said Mitch Liu, co-founder and CEO of Theta Labs. “DHVC will continue to be a key strategic partner as we build our core blockchain technology and expand our reach to other institutional and private equity funds.”