Theta Network is a Layer-1 blockchain platform specialized in the decentralized distribution of digital content, focusing on livestream video, AI, and cloud.
The project builds a diverse resource-sharing network with two Tokens THETA and TFUEL, providing solutions for scaling, staking, governance, and various practical application products.
MAIN CONTENT
Theta Network develops an open blockchain network, optimizing decentralized communication and AI data.
The ecosystem includes Theta Metachain, Theta Edge Network, Theta Edge Cloud, ThetaDrop & NFT DRM, Theta Video API.
The project has a team of experienced professionals, major technology partners, and a clear development roadmap.
What is Theta Network (THETA)?
Theta Network is a Layer-1 blockchain designed for digital communication, especially video streaming and AI, combining distributed technology to allow users to share bandwidth, storage, and computing resources for rewards. The project uses two main Tokens: THETA for staking and governance; TFUEL supports on-chain transactions, smart contracts, and streaming.
With a dual-Token model and a distributed network, Theta enhances cost efficiency and relieves the load on traditional platforms.
How does Theta Network operate?
Theta is a multi-layer ecosystem, including Theta Metachain providing a multi-chain blockchain scaling platform for partners, allowing the deployment of their own subchains with smart contracts and staking. Theta Edge Network consists of thousands of edge nodes operated by users to encode and stream videos closer to viewers, reducing latency. In the period 2024-2025, Theta Edge Cloud will launch a decentralized cloud computing model focused on AI and large-scale data processing at 3-5 times lower cost than traditional cloud.
Theta Edge Cloud will 'revolutionize cloud computing with a distributed hybrid model, suitable for SMEs and Web3 AI startups.'
Mitch Liu, CEO Theta Labs, 06/2024
The products of the Theta Network project
What is Theta Metachain?
Theta Metachain extends the blockchain with the ability to create a separate subchain for each organization, allowing customized staking, governance according to needs, and compatibility with smart contracts, NFTs. This is an open platform, increasing scalability like Polkadot's appchain, but focused on communication and AI.
How does Theta Edge Network operate?
Theta Edge Network consists of edge nodes operated by users. Each node encodes video, distributes content to the nearest users to reduce costs and latency, while temporarily storing data. Operators are rewarded with TFUEL Tokens, and nodes integrate APIs supporting Web3 and smart contracts.
What is Theta Edge Cloud?
Theta Edge Cloud is a decentralized hybrid cloud-edge platform, launched in 2024-2025 to serve AI inference tasks, 3D video rendering, and big data analytics. This platform helps small & medium enterprises and startups significantly save costs compared to AWS or Google Cloud.
What role does ThetaDrop & NFT DRM play?
ThetaDrop is the NFT marketplace of the ecosystem, integrating digital rights management (DRM). It has collaborated with Katy Perry, Sony Europe, and WPT. This product supports the issuance and trading of video NFTs, integrating with Theta Video API, becoming the infrastructure for issuing copyrighted content on Web3.
What purposes does Theta Video API serve?
Theta Video API provides decentralized livestreaming and on-demand video solutions for developers, reducing infrastructure costs by up to 50% compared to traditional CDNs. The API temporarily stores on edge nodes, easily integrating into websites and dApps with just a few lines of code.
What are the standout features of the project?
Theta has a strong validator network with participation from Google, Samsung, Sony, Binance. The Metachain system enhances scalability for partners with their own blockchains. AI processing capabilities right at the node align with the trend of decentralized AI. Many major brands have applied Theta's infrastructure in practice. Additionally, Theta pioneers the application of the DePIN model, building decentralized physical infrastructure for Web3.
“The backing from leading corporations along with a global validator network helps Theta assert its position in the top blockchain for communication.”
Jieyi Long, CTO Theta Labs, 05/2024
Overview of THETA Token and Tokenomics
The THETA Token operates on the mainchain with a total supply of 1 billion Tokens, fully unlocked at 100%. The allocation includes private sale 30%, team 7.49%, advisors 1.23%, partners 12.5%, network seedings 12.5%, and Theta Labs 36.28%. The THETA Token is used for staking validators, guardian nodes, and participating in protocol governance.
Allocation Ratio (%) Private sale 30 Team 7.49 Advisors 1.23 Partners 12.5 Network Seedings 12.5 Theta Labs 36.28
What is the roadmap of Theta Network?
In 2025, Theta expects to release a complete version of Edge Cloud v3 with a distributed hybrid platform, launching a decentralized marketplace for AI and data tasks. The developer API for automating tasks on Edge Cloud will also be completed during this period.
Who are the project team, investors, and partners?
Project Team
Theta Labs – based in Silicon Valley – is led by Mitch Liu (CEO), co-founder of Tapjoy and THETA.tv, along with Jieyi Long (CTO), a PhD in electrical engineering specializing in distributed and video encoding, and Ryan Nichols, former Product Director at Tencent. Notable advisors include Steve Chen (co-founder of YouTube), Justin Kan (co-founder of Twitch), Cliff Liang (Technical Director at Verizon).
Investors
During the period 2018-2020, Theta received funding from major funds such as Samsung NEXT Ventures, Sony Innovation Fund, Binance Labs (now Yzi Labs), confirming the value and development potential of the project.
Partners
Theta has a network of validator nodes from Google Cloud, Samsung (integrating Theta into Samsung VR), Sony Europe, Binance, and content companies like Lionsgate, CAA. The ecosystem also integrates with World Poker Tour, CONtv Anime, Sliver.tv using Theta Video API.
Summary
Theta Network is a pioneering blockchain building decentralized infrastructure for the digital communication and AI industry, leading the comprehensive development of DePIN in the Web3 era. With the support of leading technology corporations and reputable investment funds, along with practical products and a clear roadmap, Theta is committed to maintaining and developing a sustainable ecosystem.
This article provides information and is not investment advice.
Frequently Asked Questions (FAQ)
What are the standout characteristics of Theta Network compared to other blockchains? Theta focuses on digital communication and AI, with a multi-layer structure like Metachain, Edge Network, and Edge Cloud to enhance and optimize costs for streaming and deep data processing. How is the THETA Token used in the ecosystem? THETA is used for staking validators, guardian nodes, and governance voting rights, ensuring network operation and security. Who are the major investors and partners of Theta Network? The project is supported by Samsung NEXT Ventures, Sony Innovation Fund, Binance Labs, and collaborates with Google Cloud, Samsung, Sony, Binance. How does Theta Edge Cloud benefit businesses? Edge Cloud provides distributed cloud computing at 3-5 times lower cost, serving AI, rendering, and data analytics, suitable for SMEs and Web3 AI startups. What is Theta Network's development roadmap for 2025? Launching a complete Edge Cloud v3, creating a decentralized marketplace for AI/data tasks, and launching an automation API for developers.
Source: https://tintucbitcoin.com/theta-network-theta-la-gi-2/
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