$0.1935
-0.004801 (-2.42%)24H
Theta Network price, last 12 months
0.56400.19330.1235
Theta Network market data
- 24H High
- $0.1999
- 24H Low
- $0.1883
- 24H Volume
- 1.70M THETA
- All Time High
- $15.88
- All Time Low
- $0.0355
- Correlation with BTC
- 0.71
- Return on Investment
- +43.33%
- Market Cap
- $190.82M
About Theta Network
Theta is a Layer 1 blockchain and decentralized infrastructure for Video, AI & Entertainment use cases. Theta is a 'dual network' consisting of two complementary subsystems, the Theta Blockchain and the Theta Edge Network.Theta proof-of-stake blockchain provides payment, reward, staking and smart contract capabilities, while the Edge Network is responsible for the compute, storage and delivery of video streams, AI tasks, and other scientific, simulation and financial modeling use cases. There are two native cryptocurrencies on Theta blockchain: THETA, the staking and governance token, and TFUEL, used as gas for all transactions and on-chain smart contract interactions. The next-generation Edge Network, Theta EdgeCloud, is the first hybrid cloud computing platform built on a fully distributed architecture, set to launch later in 2024. Theta’s Web3 infrastructure enables media companies to drive incremental revenues, user engagement, and new Web3 business models. Theta Video API and Theta Web3 Theater are turn-key decentralized video API for developers offering significantly lower costs for video transcoding, storage, and content delivery, powered by patented Digital Rights Management technology.Theta blockchain also underpins the ThetaDrop NFT marketplace in partnership with Katy Perry, Samsung, Sony, American Idol, The Price is Right, Taste of Home, and other leading brands aiming to disrupt the digital collectibles industry. Theta Network’s enterprise validator and governance council is led by Google, Samsung, Sony, Creative Artists Agency (CAA), Binance, Blockchain Ventures, and other global leaders. Strategic corporate investors include Samsung NEXT, Sony Innovation Fund, Bertelsmann Digital Media Investments (BDMI), and CAA.. Theta is advised by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch.
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Theta Network whitepaper summary
Theta Network is revolutionizing video streaming with a decentralized delivery system that lets users share their extra computing power and internet bandwidth.
The network rewards users with tokens for helping deliver video content, which helps solve streaming quality issues while reducing costs for platforms.
Think of it like turning viewers' devices into mini content delivery networks, working together to create smoother, faster video streaming for everyone.
Since its inception, Theta has expanded beyond just video streaming to include Web3 infrastructure and NFT marketplaces, while maintaining its core focus on decentralized content delivery.
At its heart, Theta works like a team of helpful neighbors passing along video content to each other.
Instead of everyone getting their videos directly from distant servers, viewers can receive content from other nearby viewers, making streaming faster and more reliable.
The network uses something called Multi-Level BFT (Byzantine Fault Tolerance) to keep everything running smoothly and securely.
Think of it like having two groups of people watching over the network - a small team of 'validators' who quickly process transactions, and a larger group of 'guardians' who double-check everything to make sure it's all legitimate.
To make payments between users quick and easy, Theta has created special 'micropayment pools.'
These are like digital wallets that let viewers instantly pay tiny amounts to other users who help share video content, without having to record every small transaction on the main network.
The system is designed to be super efficient with something called the Aggregated Signature Gossip Scheme.
This is like passing along a message in a crowd, where each person adds their signature and passes it on, helping information spread quickly without creating too much network traffic.
Recent technological improvements include the introduction of Elite Edge Nodes, which provide enhanced network services and earn higher TFUEL rewards.
Theta uses two different types of tokens to power its network.
The main THETA token is used for important network operations, like becoming a validator or guardian who helps secure the network.
The total supply of THETA tokens is fixed at 1 billion.
The second token, called TFUEL, is what users earn when they share their computer resources to help deliver video streams.
It's also used to pay for transactions and smart contracts on the network.
TFUEL has implemented a burning mechanism to manage inflation and maintain token value.
Think of THETA like owning a piece of the network itself, while TFUEL is like the fuel that keeps everything running day-to-day.
When you share your extra bandwidth or computing power, you earn TFUEL as a reward.
The system is designed to create a healthy economy where video platforms can save money on delivery costs, viewers can earn rewards for helping the network, and content creators can receive direct support from their fans.
Recent updates have introduced staking rewards for TFUEL, allowing token holders to earn additional returns by supporting the network.
Theta started as an ERC20 token on Ethereum but has since launched its own mainnet blockchain.
The network continues to develop new features and improvements to make video delivery more efficient.
Future plans include expanding support for different types of video content, including 4K, 8K, and virtual reality streams.
The team is also working on ways to make the network more decentralized and easier to use for both viewers and content creators.
A key focus is developing partnerships with video platforms and content creators to grow the network's adoption.
The goal is to make Theta the go-to solution for decentralized video delivery across the internet.
Recent developments include the launch of ThetaDrop NFT marketplace and partnerships with major entertainment brands.
The network has also introduced new developer tools and APIs to facilitate broader adoption of its technology.
Theta Labs was created by SLIVER.tv, a company specializing in next-generation video streaming technology.
The team has extensive experience in video streaming, virtual reality, and blockchain technology.
The project has strong backing from major venture capital firms and corporate investors, including Samsung Next, Sony Innovation Fund, and Sierra Ventures.
The team has also secured important patents in video streaming technology, particularly for virtual reality and esports content.
Their expertise combines deep knowledge of both video streaming challenges and blockchain solutions, positioning them well to tackle the complex problems of decentralized content delivery.
Recent additions to the team include experienced professionals from major tech companies and streaming platforms, strengthening their capability to deliver on their ambitious roadmap.
The project has also established a growing ecosystem of partners and developers building on the Theta network.
Theta Network FAQ
Theta Network (THETA) is trading at $0.1935, down 2.42% over the last 24 hours.
The market cap of Theta Network is $190.82M, ranking #143 among cryptocurrencies.
Our model's year-end 2026 target for THETA is $0.6022.
Our model's 2030 target for THETA is $0.3338.
On the daily chart THETA currently shows 4 buy signals and 4 sell signals. This is not investment advice.
The all-time high of THETA is $15.88.
This page is for informational purposes only and is not investment advice. Cryptocurrency prices are highly volatile.