1. What is it?
Theta Network is a decentralized video delivery platform. It uses a network protocol that allows users to transfer videos directly to each other. This makes streaming and watching videos faster and cheaper.
2. How does it work?
Theta Network uses cryptocurrencies called Theta tokens. Users can earn Theta tokens for watching or sharing videos. These tokens can then be used to pay for services on the network or exchange them for other cryptocurrencies.
3. What does it do?
Theta Network offers a variety of benefits, including:
Faster video delivery: Theta Network enables faster video delivery to viewers. This is a significant improvement, especially in video streaming that requires high bandwidth.
Lower costs: Theta Network reduces video delivery costs by enabling decentralized transfer of videos.
Improved creator experience: Theta Network allows creators to earn more revenue from viewers and have more control over the platform.
A better viewer experience: Theta Network gives viewers a higher quality video experience and more choice.
4. Who founded it?
Theta Network was founded in 2018 by Mitch Liu and Jieyi Long. Liu has previously ventured into the mobile gaming and online advertising industries. Long previously worked on live virtual reality (VR) broadcasting technologies.
5. Who supports it?
Theta Network is backed by leading figures in the technology, gaming and crypto industries, including YouTube co-founder Steve Chen and Twitch co-founder Justin Kan.
6. Who uses it?
Theta Network is currently used by various projects. These projects include:
THETA.tv: The main platform of Theta Network and allows users to watch and share videos.
Theta Drop: A marketplace where NFTs (digital assets) can be bought and sold.
Theta Live: A platform for live video streaming.
Theta Edge Node: A software that allows users to contribute to the Theta Network and earn Theta tokens.
