Theta Network ($THETA ) is a decentralized blockchain-powered network designed to optimize and revolutionize the video streaming industry. By allowing users to share bandwidth and computing resources on a peer-to-peer basis, Theta Network aims to offer a more efficient, cost-effective, and decentralized streaming infrastructure compared to traditional content delivery networks (CDNs).
$THETA is the governance token of the Theta Network, enabling holders to participate in important decisions regarding the protocol's future development. The network also features a second token, Theta Fuel (TFUEL), which is used for transactions on the platform and as a reward for users who contribute to the network by sharing their resources.
Theta Network was co-founded in 2017 by Mitch Liu and Jieyi Long, and it has garnered significant attention due to its strong advisory board, which includes high-profile names like Steve Chen, co-founder of YouTube. The network has also partnered with major companies such as Google and Samsung to operate its validator nodes, further reinforcing its credibility and potential in the blockchain space.
As of now, THETA has a circulating supply of 1 #BILLIONS🌟 tokens, all of which are in circulation. Its market cap is around $1.4 billion, making it one of the more popular projects in the crypto ecosystem.
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