If you only understand one thing about cryptocurrency it should be this: Crypto is an innovation to the backend of tech, not so much the frontend.

Let me explain.

While the internet and smartphones put awesome devices in our hands, crypto is going to maximize tech's backend with better security, faster speeds and lower transactional costs for businesses.

We're staring down the printing press of our generation — commonly dubbed Web 3.0. It's why I argue that Bitcoin isn't the best thing to come out of cryptocurrency, it's blockchain.

This leads us to Theta, a unique crypto project that can be used to save steaming companies like Netflix, Amazon, Disney+, and Hulu on their CDN cost (content delivery network) as well as make server rooms a thing of the past.

Why I'm Excited About Theta

Just like the centralized banks, streaming services like Netflix and Disney+ all store their valuable data in one or two central systems.

Not only does this open the possibility of hacks — which Netflix has seen several of — it also makes the systems run much slower if too many users are bingeing Squid Games or other content.

Enter Theta.

Theta decentralizes video streaming services through peer-to-peer blockchain technology and delegates the data between both the central server and the Theta nodes.

In non-nerd speak, Theta creates the possibility to stream 8K video quality without any buffering. Seriously. It'll look so real you'll never leave the house!

Theta also offers blockchain-based video game streaming which could make consoles a thing of the past. No more PS5 scalpers who sell their consoles for three times the amount. Amen to that.

Video streaming is projected to grow at a compound annual growth rate of more than 18% from 2020 to 2024 with blockchain and virtual reality (metaverse) aiding that growth.

Heck, even the co-founder of YouTube, Steven Chen, opened up about the exciting future of Theta.

"Theta's innovation is set to disrupt today's online video industry much in the same way that the YouTube platform did to traditional video back in 2005," said Chen, who also serves as an advisor to Theta.

Exciting Partnerships for Theta

Before unveiling Theta, founders Jieyi Long and Mitch Liu worked in the gaming and video advertising industries. Additionally, they have registered numerous patents related to virtual reality, media streaming and blockchain technology.

It's no surprise then that Theta has made several big partnerships in the short time it's been around including —

• Samsung: The electronics company will include the Theta.tv e-sports streaming network in future Galaxy S20 smartphones, and also may bring other Theta content to its own smart television platform.
• Sony: Several major film companies like MGM Studios, Lionsgate and Sony Innovation have also backed Theta.
• Google: announced in 2020 that it would be a validator on Theta's network. This greatly helped Theta expand its partnerships.

How Does Theta Work?

Theta is a fully decentralized and open-source platform and is based on the efficient and eco-friendly Proof of Stake (PoS) algorithm.

Theta is a dual-token platform as it utilizes two different tokens: the Theta token (THETA) and the Theta Fuel token (TFUEL). THETA is the main governance asset of the platform, while TFUEL is the reward token used to incentivize content creators and providers of network resources.

The upshot between the two tokens is that THETA is the token you should buy if you want to invest directly in the project, while TFuel is the token to spend through the ecosystem and earn staking rewards on (the entry price is lower).

It's important to note that the actual Theta token also has a maximum supply of one billion, which it's already reached.

TFuel on the other hand is highly inflationary by design.

Final Thoughts

Theta has some of the strongest utility of any cryptocurrency on the market.

In terms of video-based blockchain projects, it stands in a lane of its own. The only projects that come close are Verasity and VideoCoin (terrible name by the way).

These two projects are galaxies behind Theta which is just about to break into the top 25 coins by market cap.

It might not be as sexy as Shiba or Solana right now, but Theta is going to have its day in the sun soon.

Ever since I was a child it was my dream to become a financial advisor. Unfortunately, it never came true. Therefore I am not a financial advisor and you should do your own research and not just listen to random people on the internet. Nothing contained in this publication should be construed as investment advice.

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