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ToggleIn the strong development wave of Web3, Theta Network emerges as a blockchain platform specialized in media, video streaming, and artificial intelligence (AI). Not only stopping at decentralized content distribution, Theta also expands into the DePIN field. So what is Theta Network and why is the project supported by tech giants like Google, Samsung, Sony? Let's explore with Allinstation through the article below!
What is Theta Network (THETA)?
Theta Network is a Layer-1 blockchain platform designed to optimize digital content distribution, especially video livestream, AI data streaming, and cloud-related services. Theta creates a distributed resource-sharing network where users can earn rewards by sharing bandwidth, storage, and computing resources.
The project operates based on a dual-token model of THETA and TFUEL, supporting staking, governance, and on-chain services such as smart contracts, Non-Fungible Tokens, and streaming.
[The rest of the translation follows the same pattern, maintaining the structure and translating all text while preserving HTML tags]- Livestream or video-on-demand (VoD) without a central server
- Easy integration into websites or dApps with just a few lines of code
Theta Video API helps reduce infrastructure costs for developers by up to 50% compared to traditional CDNs like AkamaikaCloud.
Project Highlights
- Strong validator system: Google, Samsung, Sony, Binance are block validators for Theta Network.
- High scalability: Metachain allows partners to have their own blockchain, similar to the appchain model.
- Edge-powered AI: Supports AI task processing instead of central cloud, suitable for decentralized AI trends.
- Real product already exists: Many major brands like World Poker Tour, Lionsgate, CONtv Anime have used Theta infrastructure.
Overview of THETA Token and Tokenomics
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- Token name: Theta Network
- Ticker: THETA
- Blockchain: Theta Main Chain
- Total supply: 1,000,000,000 THETA
- Circulating supply: 1,000,000,000 THETA
- Network Seedings: 12..5% Labs: 36.28%
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Token Release Schedule<>project has now unlocked 100% of THETA tokens to the market
Token Utility<>Used for staking to Validator and Guardian NodeIn governance- Deploy API for developers to send and execute automated tasks on Edge Cloud.
- Mitch Liu (CEO Co-)
- Nichols Lead)
- Edge Cloud v3: Complete distributed hybrid cloud-edge.
Theta Network was built and operated by Theta Labs, a technology company based in Silicon Valley, USA. founding. and leadership team consists of experienced experts in blockchain, streaming, and:
Co-founder of Gameview Studios and Tapjoy, with a solid background in gaming and video streaming. He is the founder of THETA.tv – the first blockchain-integrated livestreaming platform.
- Electrical & Microelectronics Engineeringics. He is an expert in distributed system design, video encoding,oding, and signal processing – core technical foundations for Network.
Previously Product Director at Tencent, with extensive experience in building large-scale digital content ecosystems and consumer products p>Notable Advisors