$2.33
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Theta (THETA) is a blockchain powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch.
Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.
Developers say that the project aims to shake up the video streaming industry in its current form – centralization, poor infrastructure and high costs mean that end users often end up with a poor experience. Content creators likewise earn less revenue due to the barriers between them and end users.
Theta plans to fully integrate its hybrid cloud-decentralized GPU marketplace into its EdgeCloud platform later this year.
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One of the main goals of Theta EdgeCloud is to provide infrastructure that can handle immersive extended reality experiences, as well as video-based AI and other cutting-edge technologies.
With the NFTs, fans would unlock access to Knights game tickets, autographed memorabilia from the team’s top players, and other VIP moments including a chance to take photographs on the ice or join press conferences.