Theta Mainnet 3.0 Is Almost here ! Huge Gain Potential !
Technology today is amazing, but somehow, streaming quality and load times are still terrible. Everyone has a computer with extra bandwidth to spare, especially when a machine is not being used. Now you can make money by putting that bandwidth to use, thanks to Theta Network! Here’s how it works, when you are watching your favorite streamer or when you are asleep, Theta client will tap into your extra bandwidth to relay video streams to local viewers. They will enjoy improved quality and loading times while you earn Theta Tokens! The more you deliver, the more you earn!
With your tokens, you can send donations to your favorite streamers, unlock premium content, and buy and gift virtual items. Theta is a new blockchain built by SLIVER.tv, a leading E-Sports live-streaming start-up based in Silicon Valley has over $2 million users and is growing quickly. In early 2018 over 300,000 users across the world have shared a video on the Theta Testnet. Over 40% bandwidth was offloaded, while quality and reach continued to improve, all thanks to you — the Theta Community. Theta Mainnet 3.0 is set to launch on June 30th, 2021, and you can download the Theta Node to participate on their website. Don’t miss out!
Steve Chen, the co-founder of Youtube, and Advisor to Theta said the following…
As a global population, we watch a heck of a lot of hours of video every single day, everything from cats climbing the curtains, to grandma doing a cartwheel, to Nasa’s Perseverance landing on Mars, to Snoop Diggidy Dog’s latest music video. We watch a heck of a lot of videos! In fact, globally, we watch over 1 billion hours of video on Youtube every — single — day! Making money on Youtube can be difficult for some people; however, even successful Youtubers are splitting profits with Youtube and losing out on 45% to 55% of revenue. Never mind, Youtube also blocks videos for erroneous copyright claims and is a restrictive gatekeeper between viewers and content creators. Do you have a low amount of views? Oh well… thanks for your time, but you are getting paid zero dollars for your efforts. These issues are big reasons for Theta Network, which launched in 2019 and is primarily powered by its users, that share bandwidth and computer power on a peer-to-peer basis. Theta Network is decentralized video streaming, unlike Youtube that is centralized and therefore completely controlled by the company to make up the rules, fees, restrictions, etc etc. The Theta users are a network of thousands of run community nodes that power that keep the network decentralized. Theta Network is completely open-sourced and holders of the Theta Token can take part in governance by staking Theta tokens and either contributing to or running their own node. Holders are also rewarded with Theta tokens for their participation in the network.
Theta Fuel (TFUEL)
The Theta team knew that they needed a highly liquid token to facilitate millions of micropayments every single day, so they created Theta Fuel (TFUEL). Theta Fuel is a native token on the Theta blockchain. TFUEL powers on-chain operations like payments to relayers for sharing a video stream, or for deploying or interacting with smart contracts. Relayers earn TFUEL for every video stream they relay to other users on the network. TFUEL is amazing as you can actually get paid in TFUEL for watching content by advertisers. Users can also get paid in TFUEL for loaning out their spare computational power.
Theta has also created ThetaDrop, which is a next-generation non-fungible token (NFT) marketplace for digital collectibles, launching with the World Poker Tour. Other branded partners will be announced soon and a general marketplace will open to all creators/artists big and small in the coming months. As a real-time NFT marketplace, ThetaDrop incorporates live streaming during auctions and NFT drops to increase creator-fan engagement and tie-ins with live television and cable broadcast to millions of global viewers. As a reference, today’s Theta network processes approximately 100,000 transactions per day with less than 4% being NFT mint and buy-sell transfer interactions via smart contracts. Theta’s planned growth for the ThetaDrop NFT marketplace, licensing of the platform to third-parties and other expansion plans to be announced, they forecast that NFT interactions with Theta smart contracts alone will reach 600,000 transactions per day, at which point nearly 250M TFUEL will be burned per year, canceling out the majority of annual TFUEL inflation
On CoinGecko, Theta Network is sitting at an impressive #17 token with a $6.5 billion market cap, while TFUEL is the #41 token with a $2 ¼ billion market cap. The Theta Team will continue to disrupt today’s online video industry with their Theta Mainnet 3.0 launch on June 30th, 2021, where TFuel Staking & Uptime Mining begins. Download the Theta Edge Node to participate.
Till the next Medium, you’re on your own. Laterrrrrrr.
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