Entering the era of decentralized video streaming with Theta Network

On the heels of caller partnerships, the Theta ecosystem continues to expand, attracting caller video contented distributors, creators, and users. 

Leveraging a next-generation end-to-end infrastructure for decentralized streaming, Theta enables media and amusement companies to amended video transportation astatine little costs, portion expanding their reach–boosting views and idiosyncratic engagement done token incentives.

Enabling contented consumers to enactment successful the network

“Our imaginativeness is for end-users to spot themselves little arsenic consumers of a service, and much arsenic participants successful a web that benefits everyone involved,” Wes Levitt, Head of Strategy for Theta Labs told CryptoSlate, explaining however Theta Video API lets users relay video with adjacent peers, earning tokens for contributing to the network.  

Theta changes video and contented depletion from a one-way narration into 1 wherever users are participating successful the web conscionable by watching a video. 

“With much options to administer video done decentralized networks similar Theta, creators tin amended power their contented organisation and clasp much earnings,” added Levitt, noting that presently astir worth is captured by the largest platforms, portion idiosyncratic creators typically person small powerfulness to negociate their earnings. 

Powered by Theta’s blockchain technology, ThetaDrop is simply a real-time NFT marketplace that incorporates unrecorded streaming during auctions and NFT drops.

Based connected a proof-of-stake model, creating and transacting NFTs connected the Theta Network costs a fraction of a penny and is much than a 100 times faster compared to Ethereum.

According to the roadmap for 2022, Theta’s distributed web of much than 8,000 community-run Elite Edge Nodes volition soon enactment decentralized NFT storage.

Soon to travel cross-chain span betwixt Theta Network, Ethereum and others volition facilitate seamless NFT transportation and transactions crossed chains.

Major collaborations

“Our conversations with strategical partners similar Jukin Media, Fuse Media, Entain radical and galore much each revolve astir adopting the Theta halfway blockchain to powerfulness their initiatives astir video, NFTs, gaming and Metaverse. In galore cases, the archetypal aviator oregon motorboat is conscionable the extremity of the iceberg, determination are truthful galore maturation opportunities successful the media and amusement abstraction to leverage blockchain,” explained Theta Network CEO, Mitch Liu.

Last month, Theta partnered with Jukin Media to instrumentality its decentralized tech into the amusement company’s streaming model. 

We're blessed to denote @JukinMedia is launching an amusement concern with Theta Labs for blockchain video transportation and NFTs! https://t.co/Jq3OrkrMic pic.twitter.com/UrvsltS1YP

— Theta Network (@Theta_Network) December 16, 2021

Leveraging the Theta infrastructure, the concern extends to collaboration connected the motorboat of exclusive NFTs for Jukin Media properties–FailArmy and The Pet Collective.

“In the end, planetary brands are opening to admit the powerfulness of decentralization, adjacent communities and instrumentality engagement. These adhd immense worth to their brands but much importantly becomes a competitory vantage if they tin spell to marketplace sooner than their competitors,” Liu added.

Purpose-built for video, Theta NFTs are unlocking caller ways for accepted media to interact with fans.

ThetaDrop enables artists specified arsenic vocalist and songwriter Katy Perry, who chose the level for her first-ever NFT drop, a mode to reinvent and bolster instrumentality engagement, portion capturing unrecorded events and performances into timeless memorabilia. 

Let’s look backmost arsenic we determination guardant to 🍄#PLAY🍄

My ✨FIRST EVER✨ integer collectible NFT driblet w/ @Theta_Network & @ThetaDrop officially goes unrecorded time @ 1pm PT! Sign up @ https://t.co/prMi6m4E0s present to registry and pre-fund truthful u tin leap connected immoderate constricted variation NFTs! 🦁👀 pic.twitter.com/yIS7GKBq4N

— KATY PERRY (@katyperry) December 14, 2021

“Digital assets similar NFTs fto creators monetize their contented successful ways that payment them alternatively of centralized platforms, particularly arsenic we commencement to spot NFTs look with deeper inferior and diagnostic sets,” explained Levitt.

A caller autochthonal token is astir to drop

A caller token natively built connected Theta blockchain, TDROP, that rewards NFT liquidity mining and enables decentralized governance is astir to drop.

The February 1st TDROP Launch is astir here! You tin find everything you request to cognize astir TDROP's VIP Benefits, Staking, and Governance successful the newest blog here:https://t.co/aYEypWNbpf

— Theta Network (@Theta_Network) January 28, 2022

In summation to incentivizing ThetaDrop transactions and leveraging voting rights connected proposals and changes concerning the NFT marketplace, the application-level token besides unlocks respective VIP benefits, specified arsenic aboriginal entree and exclusive drops connected ThetaDrop.

TDROP: VIP tiers and benefits (Theta Network)

As such, TDROP volition participate the expanding ecosystem and complement the 2 protocol-level tokens already successful circulation–THETA and TFUEL.

While THETA is utilized for staking and securing Theta blockchain, TFUEL enables transacting betwixt Edge Nodes for relaying and computing jobs.

Set to motorboat connected February 1, TDROP volition person a afloat proviso of 20 billion, with 20% allocated for THETA validators and guardians, including delegated stakers, 20% for Theta Labs dev team, and 10% for Theta marketing, advisors, and partners.

The remaining 50% volition beryllium allocated implicit a 4-year period–30% for NFT liquidity mining connected ThetaDrop, and 20% for TDROP staking rewards for decentralized governance.