Theta
What is Theta
Theta is an open-source protocol that allows users to build apps and uses blockchain, similar to Ethereum. It is a platform that focuses on delivering high-quality video on a peer-to-peer basis, making it a good choice for users worldwide.
Theta networks’ objective is to be the next generation of entertainment technology that provides an affordable decentralized video streaming framework compared to its competitors.
Theta was founded by Jieyi Long, who is an expert in Live Streaming technologies and virtual reality, and Mitch Liunand, an experienced businessman who had established several other startups in 2017.
Theta’s utility token is TFUEL, and it has many uses but primarily serves as an incentive to the users who share relay notes or bandwidth.
Is Theta a good investment?
Theta token is currently one of the hottest trending tokens in the markets, but a correction most often follows a price surge. Trends can continue for longer than investors expect them to; hence, we could see further gains.
Streaming videos are here to stay, and the platform is in its early stages. They are currently rolling out a beta phase that could evolve into a thriving ecosystem.
In addition, Theta has made strategic partnerships with Google, Samsung, Nervos and NASA.
Theta is a parabolic asset, as seen in similar trends before with assets like Bitcoin in 2017, which later crashed over 80%. Therefore, traders need to be extremely cautious when investing in Theta.
How to purchase Theta
The process of purchasing Theta is straightforward, but because it is relatively new, you should first check if it is listed in the exchange of choice.
