The Theta network has figured out a cool way to bring content creators and users together in a thriving cryptocurrency ecosystem. In addition to uploading and watching videos, users can share their internet bandwidth and computing resources on a peer-to-peer basis and get rewarded in valuable digital tokens. The network also supports smart contracts and allows developers to build decentralized apps on its blockchain. One thing we really like about Theta is that it is disruptive; it could disrupt the way data for live streaming is stored. This is because it stores data cheaper than traditional data storage companies and retrieves the data faster. Theta thus has the potential to save video streaming companies such as Disney and Netflix, vast sums of money. Aswell as saving money, the Theta network uses blockchain to improve the quality of video streaming. The Theta Network creates a worldwide group of users who offer their spare bandwidth and other resources to help stream videos. The greater the bandwidth, the higher the quality of the video streams with less buffering. Developers can use the Theta Network to build decentralised applications on top of its blockchain, such as apps for royalty distribution and crowdfunding. Theta is gaining popularity with online content creators who want more control over their videos, ie. how they are watched, their quality and how they get paid for them. Theta also allows people to stake a claim on voting rights and validate transactions. Theta verse is an ecosystem of projects & creators coming together to evolve the NFT space, so Theta looks like it will be strong in the Metaverse.
In April 2021 Theta traded as high as $14 and now you can pick it up for around $0.90 cents. We believe that is fantastic value for money, especially given that the Theta Network has expanded substantially since April 2021. Also, one important thing to note when looking at the Theta price is its limited supply. You cannot mine the token - you must wait for someone to sell it. When the cryptocurrency market in general becomes stronger and is going up in value, we believe Theta will rapidly double in price and then go much higher. If the price falls any lower in the short term, that will be a great opportunity to double our holding and thereby reduce our average purchase price, thereby making a quick double all the more likely.