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Theta (THETA)

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Theta (THETA) is a cryptocurrency made by Mitch Liu and Jieyi Long in 2018. It is a decentralized blockchain-based content delivery platform that delivers high-bandwidth video streaming content.  

Theta intends on solving the problems that live video streaming faces today; low quality video streaming, high cost of streaming infrastructure, and centralized and inefficient ecosystems. The Theta project is solving these problems by delivering an innovative new blockchain-based content delivery network (CDN) that’s powered by users and decentralizes video streaming. 

Theta’s CDN allows viewers to earn Theta Fuel rewards for sharing bandwidth and resources. Theta Fuel (TFUEL) is gas for the Theta network and can be earned by staking THETA tokens and lending bandwidth to video streams. Theta’s peer-to-peer decentralized CDN delivers high quality, smooth video streaming throughout the world. Even more, it reduces the cost of delivering video streams so that video platforms no longer need to develop expensive infrastructure, allowing for innovative and unique business models to thrive.

Theta’s blockchain-based CDN is open source and open to all developers and partners to build on the Theta network. Currently, Theta’s live video streaming partners include Silver.TV, Samsung VR, and MBN, Korea’s largest business news outlet. The market that Theta intends on disrupting is absolutely massive. YouTube has 1 billion hours of streaming video watched daily, Twitch has between 2.2 and 3.2 million unique monthly visitors, and there is an estimated 400 million esports viewers who watch at least one tournament every year.

The Theta Token (THETA) has a total supply of 1,000,000,000 tokens and a circulating supply of 870,502,690 tokens. The initial supply breakdown is:

  • 30% private ICO investors
  • 22.5% Theta reserve
  • 15% Network seed/strategic partners
  • 7.5% Advisors
  • 25% Miner Reserve

What is The Theta Network?

17 Jul 2021 9 minute read 33 comments Thomas Wolf

The Theta Network is bridging the gap between blockchain technology and video content creation to heights never seen by any competing project until now, with Web 3.0 and decentralized finance paving the way for digital and economic freedom.The Theta...

Do You Know What Is THETA Crypto? And Where To Buy THETA Coin?

7 Jul 2021 3 minute read 1 comment StealthEX

THETA is a Theta Network blockchain token designed for use in the video streaming industry. The project is developed as an end-to-end decentralized system for streaming video delivery, and at the lowest cost. Some Background Information Theta was fou...

SwapSpace's Weekly Crypto News Digest | June 28 – July 4

5 Jul 2021 1 minute read 0 comments SwapSpace

Check out our weekly #digest on the latest #crypto news! Here’s what happened over the past week: Katy Perry Launches NFTs, Acquires Stake in Theta Labs Germany grants Coinbase license for crypto custody services Dogecoin Sees Uptick After Elon Musk...

Theta Network – Decentralized Video Streaming

2 Jul 2021 3 minute read 1 comment Wonrey

Theta Network is a decentralized video streaming network, powered by users and an innovative new blockchain. Theta Network is set to revolutionize video streaming by drastically decreasing the costs of streaming platforms, increasing the quality of s...

Katy Perry to Launch NFTs on Theta Network

30 Jun 2021 1 minute read 0 comments Tomadachi

Singer Katy Perry has just announced to her 108 million followers on Twitter that she is launching her first ever non-fungible tokens on the Theta Network. Later today, Theta will release their mainnet 3.0 which will introduce TFuel staking for hold...

Theta Mainnet 3.0 goes live

30 Jun 2021 2 minute read 0 comments Keith Thuerk

Theta Mainnet 3.0 goes live today June 30th 2021 Theta has been releasing lots of incremental improvements to lay the groundwork for their Mainnet 3.0 launch.  In reality, 13-months to bring major advancements sounds reasonable to me. Theta has been...

Theta Mainet 3.0 Set To Launch In The Coming Hours As THETA And TFUEL Drop

30 Jun 2021 4 minute read 0 comments Vendata

Theta Mainnet 3.0, its main goal quoted as 'introducing TFuel Staking & Uptime Mining,' is set to launch in coming hours as its native tokens Theta Network (THETA) and Theta Fuel (TFUEL) drop. Brief Analysis THETA over the past year has had a similar...

Hurry and sign up for ThetaZilla!!

28 Jun 2021 1 minute read 2 comments TrocProcLock

The Theta network is by far one the few great blockchains ever created. I am not going to get into why and how but you can go back through all my Theta articles and see for yourself! The Theta blockchain as a whole has a side meme that has officially...

Theta was awarded another Patent! №17/218,245 (“THETA-1003”)

24 Jun 2021 3 minute read 1 comment TrocProcLock

I was scrolling through Reddit last night when I came across this gem. And to be honest at first I was just like "oh okay they got another patent cool". But it wasn't until I found out what it did that I realized how much of a game changer it is. On...

Theta Awarded US Patent for DRM of NFT's

24 Jun 2021 1 minute read 1 comment Keith Thuerk

Theta Awarded US Patent for DRM of NFT's   Theta scored another US Patent this one is for DRM (Digital Rights Management) for NFT's in a decentralized network! Why is this important? The new patent opens the flood gates for global content brands to s...