Sierra Ventures launches new Theta Enterprise Validator Node, the 20th validator overall

We’re excited to share that Sierra Ventures, a premier venture capital firm with more than $2 billion in assets under management and an early investor in Theta, has now launched their own Enterprise Validator Node. Sierra will continue to stake to an existing validator node shared with institutional investors Heuristic Capital, Venture Reality Fund, and GFR Fund in addition to this new validator.

Sierra’s validator node can be found at Theta address 0x099e156352aB4dE87a20801288eDB7D753770Db8.

Sierra Ventures is a Bay Area-based early-stage venture firm investing globally with a focus on Next Generation Enterprise and Emerging Technologies. With over three decades of experience and billions of assets under management, Sierra has created a vast network of successful entrepreneurs, Global 1000 CXOs, operational executives, and deep domain experts, providing a platform for entrepreneurs around the world.

“We were one of the earliest funds to see the potential in Theta, investing in the company’s convertible Seed round in 2016.” said Ben Yu, Managing Partner at Sierra Ventures. “The massive strides that Mitch and the entire team made since affirm our confidence in Theta Network and we continue to support their groundbreaking blockchain technology by participating as an Enterprise validator.

The Theta validator group continues to grow into a diverse cross-section of the different stakeholders in the Theta Ecosystem. The total number of Theta validator nodes is now 20, including:

• Media and tech companies (Samsung, Sony, Google, CAA)
• Crypto exchanges and investors (Binance, gumi Cryptos, Blockchain)
• Individuals from the Theta community
• Institutional investors (Sierra, DHVC, Heuristic Capital, Venture Reality Fund, and GFR Fund)
• Theta Labs

Now that the required THETA stake has been reduced to 200,000 THETA, we expect many more community validators to come online and further diversify and decentralize the protocol. Watch for a greatly expanded validator pool for Theta blockchain in 2022!