Theta Network Research Hub | THETA information, history and analysis
Theta (THETA) is a blockchain-based decentralized network founded in March 2019 by Mitch Liu and Jieyi Long. Theta was developed as a global decentralized video distribution network.
Theta Network is a decentralized content-sharing platform that uses Blockchain technology. Theta Network becomes an intermediary platform to create a more decentralized way of distributing content by integrating with existing Streaming platforms, focusing more benefits on Users and Content Creators.
Sports programs, E-Sports, music, and other creative content are among the most popular topics covered by Theta Network. Theta Network’s vision is to build a globally scalable, secure content distribution network that is entirely decentralized and powered by a Token mechanism.
THETA is the Theta Network’s Governance Token. THETA holders have the authority to vote on system and protocol upgrades in proportion to the number of votes they hold.
THETA is displaying a bullish price pattern amidst a tough market. This trend is supported by THETA’s Relative Strength Index at 43, signaling possible upward Movement. A strong market sentiment for THETA is further corroborated as 69.2% of Binance traders are maintaining long positions.
Trading above resistance at $2.41 could propel THETA to $3.33, marking a potential 37% increase. On-chain data shows $2.02 million in outflows from exchanges, suggesting buying pressure with long-term holders. This indicates strong market confidence, possibly leading to a price surge.
Innovative Decentralized Streaming Solutions: THETA Network is revolutionizing video streaming through decentralized technology and incentivizes users via token rewards. Its growth hinges on strategic partnerships and increased market interest, indicating a strong potential for THETA’s value.
Future Price Projections: Price targets for THETA indicate possible lows of 1.75 USD in 2024, with estimates flashing upward in subsequent years, potentially peaking at 17.79 USD by 2030 as long as project expectations align with market demands.
DWF Labs invests $1 million in Theta Labs ecosystem
DWF Labs has announced a commitment to invest $1 million in the Theta Labs ecosystem, focusing on the advancement of Theta Edgecloud.
Theta Edgecloud is a hybrid cloud computing platform built on a fully distributed edge architecture, designed to meet the computing needs of video, 3D rendering, and artificial intelligence.
Samsung partners with Theta Labs for upcoming Galaxy NFT ecosystem
Samsung Electronics has signed a memorandum of understanding (MOU) with partners, including Theta Labs, to operate an NFT ecosystem for its new range of Galaxy mobile phones.
Theta Networks will issue Galaxy NFTs as part of new drive to offer Samsung users an innovative consumer experience, including access to virtual events via ThetaPass.
Theta Labs to help Sony launch 3D NFTs compatible with Spatial Reality Display
Japanese conglomerate Sony Electronics collaborates with blockchain video delivery network Theta Labs to launch nonfungible tokens (NFTs).
The NFTs can be viewed in mixed reality through Sony’s Spatial Reality Display, a monitor that lets people perceive things in 3D without using traditional 3D accessories. The Spatial Reality Display tracks eye movement and adjusts the display as the viewer moves, giving users a 3D viewing experience.