Name: Theta Network
SKU: THETA
Price: 0.784073783588 USD

Theta Network is the next generation media and entertainment focused blockchain. Theta infrastructure enables existing video and media platforms to drive incremental revenues and reduce content delivery CDN costs while rewards end-users for sharing their storage and/or bandwidth on any PC, mobile, Smart TV or IoT device. Theta supports Turing complete smart contracts, and is fully compatible with Ethereum. This enables a wide range of interesting Web3 applications to be built on the Theta Network. Examples include non-fungible tokens (NFT), decentralized exchanges (DEX/DeFi), and decentralized autonomous organizations (DAO), which could become indispensable building blocks of the next generation media and entertainment platforms.Theta’s enterprise validator and governance council is led by global leaders including Google, Samsung, Sony, Creative Artists Agency (CAA), Binance, Blockchain Ventures, DHVC and gumi. Theta leverages its user base of millions of viewers on the Theta Network to seed its peer-to-peer video network along with premium content partnerships with Lionsgate, MGM Studios, NASA, and others. Popular video platforms integrated with Theta infrastructure include CONtv Anime, Party Poker, World Poker Tour, Cinedigm, Samsung VR, GameTalkTalk, MovieBloc, Ultra, GFUEL and other OTT media, entertainment, and live streaming services. Strategic corporate investors include Samsung NEXT, Sony Innovation Fund, Bertelsmann Digital Media Investments (BDMI), Creative Artists Agency (CAA), and Silicon Valley VCs including DCM and Sierra Ventures.Theta Network features a dual token design. The Theta Token (THETA) is the governance token of the Theta protocol. THETA is used to stake as a Validator or Guardian node, contributing to block production and the protocol governance of the Theta Network. By staking and running a node, users will earn a proportional amount of the new TFUEL generated. The supply of THETA is fixed at 1 billion and will never increase. Theta Fuel (TFUEL) is the operational token of the Theta protocol. TFUEL is used for on-chain operations like payments to Edge Node relayers for sharing a video stream, or for deploying or interacting with smart contracts. Relayers earn TFUEL for every video stream they relay to other users on the network.

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Founders & Project

Investors

Theta Labs‘ video streaming solution, which is powered by blockchain technology, and which has announced that its token presale has reached $12 million.The presale was led by Danhua Capital. Additional strategic partners for the presale include Silicon Valley VC funds DCM, Sierra Ventures, and VR Fund; China’s Heuristic Capital, ZP Capital, and Sparkland; Japan’s Gumi; and private purchasers including Roger Lim, renowned crypto expert and entrepreneur.The next Theta Enterprise Validator Node featuring institutional and private equity investors Sierra Ventures, Heuristic Capital, VR Fund, and GFR Fund have staked more than $100M in THETA to a collective Enterprise Validator Node. In aggregate, these funds have over $2B in assets under management, with some leading Limited partners including top national endowments, pension funds and corporations.

Theta Network

Theta is the leading purpose-built blockchain for video, media and entertainment.

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