Theta network is decentralized, peer-to-peer video delivery network powered by blockchain, allowing users to watch videos and at the same time earn rewards. Users volunteers their spare bandwidth and computing resources to relay video and earn token rewards for their contributions. Video platforms that integrates Theta into video delivery are able to reduce cost, increase viewer engagement and revenues.
Theta Fuel (TFUEL) is the second token that powers the Theta blockchain. It is used across the network as gas token, payment, and as incentives to node relayers for sharing video streams, or interacting with smart contracts. TFUEL staking and burning was introduced in December 2020, known as Theta 3.0.
Theta Fuel Project Investors ($113.0M)
Samsung NEXT, Sierra Ventures, GFR Fund, Heuristic Capital, The Venture Reality Fund, UpHonest Capital, Wei Fund, IOSG Ventures, gumi Cryptos Capital (gCC), Sierra Ventures.