Theta (THETA) Price
THETA
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About Theta (THETA)
Theta Token (THETA) is the native digital currency of the Theta Network. Theta Network provides a blockchain protocol built to empower the creation and streaming of online video content.
The Theta Network rewards users for sharing unused computing bandwidth on a peer basis. The blockchain was designed to allow peer-to-peer video transmission for greater efficiency than access from the initial distributor while at the same time maintaining intellectual property control for the content creator. Bandwidth providers receive a utility token, TFuel.
By solving the “last-mile” delivery problem facing streaming services, THETA was built to capitalize on the demand for high resolution, high bit rate 4k, 8k, and next-generation streaming services. According to a study by Grand View research in February 2021, the total market size for streaming video globally exceeds $40 billion and is projected to expand by a compound growth rate of over 20% until 2027.
Theta Labs, creator of the Theta network, has received multiple patents for processes in the US that cover the network’s “Peer Discovery” algorithm technology to create faster viewing across the full open-sourced blockchain. Theta Labs has secured Google, Sony, and Samsung as Theta Enterprise validators, while media companies including MGM and Lionsgate are on board as content partners. Theta Labs was founded in 2017 as a subsidiary of virtual reality technology firm Sliver.tv.
What is the price of THETA?
THETA has a total token supply of 1 billion which is fully in circulation. In March 2021, THETA’s market cap briefly swelled to $11.5 billion, pushing it into the top 10 largest digital currencies by total market value.In mid-April of 2021, THETA hit an all-time high above $15 but one month later, as of May 16, 2021, it was 40% lower, down to about $9.
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