Theta is a decentralized video delivery network powered by a blockchain and its operational token, Theta Fuel (TFUEL). The platform aims to provide higher-quality video streams by leveraging decentralized peer-to-peer (P2P) technology, incentivizing users worldwide to share unused bandwidth and computing resources, turning them into "caching nodes." This system helps reduce the cost of video streaming while improving stream quality and reducing buffering.
Theta's disruptive innovation in video delivery is comparable to the revolution YouTube brought to traditional video in 2005. By decentralizing video streams, Theta tackles the "last mile" problem in traditional streaming, where bandwidth limitations often cause buffering or lower quality.
Founded by Mitch Liu and Jieyi Long in 2017, Theta's mainnet was launched in March 2019, marking the start of its own blockchain. Since then, Theta has expanded its ecosystem significantly, securing partnerships with major media companies and technology firms, including Google, Sony, and Samsung.
Theta’s TFUEL is now critical in supporting operations such as on-chain transactions, staking, and interactions with Edge Nodes, which handle video processing tasks like encoding and transcoding. In 2024, Theta continues to expand its offerings with Theta EdgeCloud, which now supports decentralized AI workloads and large-scale video processing, allowing developers to access GPU processing power through Theta's distributed network.
In 2024, Theta introduced MetaChain, which is designed to support subchains and other ecosystem projects. The platform is also seeing growing use in AI model development and video-related applications, reflecting its deepening presence in the edge computing space. New features, such as enhanced NFT support for live and on-demand video streaming, were also introduced.
Above are only for introduction, not intended as investment advice.
