Theta Network is a decentralized, open-source video streaming network that aims to solve content delivery bottlenecks that centralized video streaming services face. To do so, users are incentivized to share their excess bandwidth and computing resources in exchange for THETA tokens.
Theta users enjoy access to high-quality content, including esports, music, TV shows, movies, distance learning and peer-to-peer live streaming at a reduced cost compared to traditional service providers. At the same time, video platforms and content creators can build decentralized applications (dApps) for their audiences.
THETA is the name and ticker symbol of Theta Network's ERC-20 governance token.