Theta Network is a decentralized video delivery network that provides a wide range of blockchain-enabled solutions to the problems facing the traditional video streaming sector. The platform provides high-quality video streaming at a reduced cost relative to traditional service providers as well as multiple incentive mechanisms for decentralized bandwidth and content-sharing.

Theta Network is a decentralized video delivery network that provides a wide range of blockchain-enabled solutions to the problems facing the traditional video streaming sector. While most centralized video delivery platforms face intermittent bottlenecks within content delivery pipelines, Theta’s video streaming services rely on a distributed network of users who voluntarily contribute their spare bandwidth and computing resources to running the Theta platform in exchange for Theta Fuel coin rewards.

Theta users can earn Theta coin rewards for sharing videos with other users via Edgecast, Theta Network’s content transcription and distribution of (dApp). As a result, Theta has established a reliable, user-driven method of powering its growing ecosystem of entertainment-focused services — most of which are focused on esports, music, TV/movies, education, and enterprise conferencing.

The global video streaming industry is projected to grow at a compound annual growth rate (CAGR) of 20.4% from 2020 to 2027, and the Theta team has identified multiple ways to deliver tangible end-user value within this rapidly growing sector. More specifically, Theta Network users enjoy full access to a global infrastructure focused on unrestricted and efficient video content and data delivery, and since Theta Network is powered by tens of thousands of nodes, it is more resistant to potential content delivery disruptions and digital last mile delivery issues.

Theta Network was developed by Theta Labs, and its team is packed with a strong lineup of media and entertainment professionals based out of Silicon Valley and Asia. Additionally, the platform is backed by a number of major corporations like Sony, Samsung, and CAA, traditional venture capital firms including DCM and Sierra Ventures Fund, and blockchain-focused institutional investors like Node Capital and DHVC. Theta has also managed to secure several prominent advisors, including Steve Chen, the Co-Founder of YouTube, and Justin Kan, the Co-Founder of Twitch.

Theta has leveraged its impressive network and in-house capabilities to launch a broad range of strategic partnerships that deliver immediate and lasting value to audiences around the world. Samsung in particular has helped advance the adoption of Theta, and the platform’s main esports streaming dApp, Theta.tv, will be included in future Galaxy S20 smartphones shipped to the U.S. — thereby expanding Theta’s potential user base via 75 million devices. Theta has also been working with Samsung’s Visual Display group to help bring Theta Network’s content-streaming services to their smart TV lineup.

Theta has also partnered with other blockchain projects to increase awareness and adoption. Binance’s premier global esports tournament — The Battle of Asia 2020 — is sponsored by Theta Network, and Binance plans on streaming all future esports matches through Binance.com and Theta.tv, while integrating its token, Binance Coin (BNB), into a custom-built Theta video player with interactive chat functions. Theta has also partnered with Gumi Cryptos in order to enter the Japanese media market, and live-streams major cryptocurrency conferences including Consensus and the Crypto Asia Summit.

While Theta is currently focused on video-on-demand services and other entertainment-focused applications, the team’s long-term vision for the Theta Network is to serve as a decentralized, end-to-end protocol for processing and delivering all types of data, including OS, app updates, and other forms of web content.

The Theta team is making steady progress towards this goal with the upcoming launch of version 3.0 of Theta’s mainnet. This updated platform will introduce TFUEL staking and burning through the concept of “Uptime Mining” – the tokenization of Internet bandwidth and availability. In order to participate in this new method of resource-sharing, users will be able to stake TFUEL coins in their Edge Nodes to upgrade them to Elite Edge Nodes, which allows them to earn additional rewards. By better controlling the scarcity of their TFUEL and creating new ways to incentivize user engagement, Theta will be able to progress towards becoming a more broadly usable, self-sustainable content delivery platform.

MMA_Crypto

Source: gemini.com