ten

Today we will talk about Theta.

What is Theta?

Theta is best known as a decentralized video streaming service for gamers. However, that’s only scraping the surface of what’s really going on at Theta.

Theta, in my mind, is a technology company that operates on the blockchain. The company has 5 (maybe 6 now) US patents on technology related to the blockchain. The key patent in this project is the software program that allows for the sharing excess bandwidth. People are rewarded in TFUEL (TFUEL is the gas that powers the project) for sharing their unused bandwidth.

*At the time of this post, Theta is selling for approx $6.50 per token, and TFUEL is selling for $.30 – both approximately 50% of their all-time high.

Think about that. People get rewarded for sharing their excess bandwidth on all their devices. Considering the direction the internet appears to be moving – virtual reality, metaverse, video conferencing and streaming, etc – this software is absolutely critical moving forward. Personally, I already have noticed issues with the speed of my internet and bandwidth available and that’s just streaming videos on wifi.

Think about how reliant on the internet we will be in 5 years from now. Bandwidth expansion will be 100% necessary to move into that type of world. Theta will power the entire internet for decades to come.

A few other reasons I like Theta:
1. They are already partnered with some GIANTS in the tech space including Samsung, Google, Sony, and Binance. And more announcements coming.
2. They are also partnered with CAA which is the largest talent agency in the world I believe. Katy Perry recently announced that she has an investment in Theta and she will be selling NFTs from her Vegas shows. Currently, TFUEL is used to purchase NFTs on the Theta NFT site ThetaDrop. They are coming out with a new token called TDROP in Q1 of 2022 which will be used specifically for NFTs.
3. There is a fixed amount of 1 billion tokens that will ever be created and they are currently all in circulation. Approximately 65% of those tokens are staked right now and earning people TFUEL. The 650 million Theta tokens are somewhat “locked up” as it takes approximately 54 hours for people to unstake them and get them back into their wallets.
4. Theta is very hard to find on exchanges – especially in the USA. None of the major exchanges have Theta listed in the US. There have been rumours of Coinbase listing it for months now but nothing has been announced yet.
5. Their team is stacked with some serious players in the tech industry. Mitch Liu the CEO is the co-founder of Gameview Studios and co-founder of Tapjoy and went to school at MIT (bachelors of science and engineering) and Stanford for his MBA in business.

None of this is financial advice. But I wouldn’t miss out on this one.