Theta Network (THETA) is a purpose-built blockchain for the media and entertainment industry, designed to decentralize video streaming and data delivery. Co-founded by Mitch Liu and Jieyi Long—and advised by YouTube co-founder Steve Chen—the protocol aims to solve the "last mile" delivery problem by incentivizing users to share their excess bandwidth and computing resources to relay video to peers. The ecosystem operates on a unique dual-token system: THETA is the governance token staked by Enterprise Validator Nodes (run by giants like Google, Sony, and Samsung) to secure the network, while Theta Fuel (TFUEL) is the operational token used to pay for transactions and reward users who share their resources. Recently, the network has expanded its utility with the launch of Theta EdgeCloud, a decentralized hybrid cloud platform that leverages its distributed architecture to power AI computation and 3D rendering.
