Key persons: Jieyi Long
Trading volume (24h): $269,178,594
CoinMarketCap rank: 31
- Theta (THETA) is an alternative to traditional streaming services such as YouTube and Twitch.
- The main advantage of this platform is its multi-level data transmission system and built-in money transfer system.
- The blockchain uses two types of token — THETA to pay for active participation, and TFUEL to pay transfer fees.
- At the beginning, large investor companies (Samsung, Sony, Google) supported the project with strong media and technological support.
Project objective: Creating a decentralized video streaming with a transparent incentive for content creation & consumption.
Current trends and future plans:
The project is now live. From a technical point of view, Theta (THETA) benefits from creating a public network of relay servers that are closer to a potential user in India or Europe vs a centralized Youtube server located somewhere in North America. The sustainability and transparency of blockchain participants is ensured in ways that are standard in the crypto industry. There is a network of nodes, a tokenized economy and an integrity incentive system based on special encryption algorithms.
According to the roadmap, a public API module, a decentralized platform for online streaming and a marketplace for interaction between content creators and advertising vendors should be completed by the end of this year. A TDROP token is planned to be launched in 2022 to implement a decentralized model for managing the protocol. With the NFT token functionality, the main groups of blockchain participants (users, video streaming organizations, content creators, advertisers and partners) will be able to generate revenue on the platform.