08 May 2020 Arjun Agarwal
THETA Launches A TV App Rewarding Users With THETA Fuel Tokens (TFUEL)
One of the leading Decentralized Streaming Network (DSN) providers, THETA, announced the launch of THETA.TV – an application designed for relaying streams on THETA’s network to other users. The app enables any Android-based TV to act as a re-streaming station, earning the owner a small commission.
Currently, THETA’s content includes uprising e-sport streamers, poker tournaments, and blockchain conferences. With over 25 million Android TV owners just in the United States, the user base for THETA’s restreaming app is immense. The app enables users to become relayers of streaming content, using THETA’s peer-to-peer based streaming network.
The company even plans to release an open-source SDK of its Android app, hoping that streaming content giants like Amazon Prime, Netflix, Hulu, and YouTube may join the THETA network. The Head of Platform at THETA, Timothy Li, challenged the common misconception that THETA is a competitor to traditional content delivery networks (CDNs).
“We rather think that THETA’s function should be more of a collaborative base layer for content monetization, which includes active support from the entire industry,” Li noted.
THETA.tv was successfully tested on Sony TVs, as Sony’s Innovation Fund was among the first investors in the protocol.
The principle of operation relies on a two-token model, where the TFUEL token will be used within THETA.tv’s network ecosystem for donations, purchasing merchandise, and rewards, while the native THETA token will be used for staking and earning rewards through the so-called “Guardian Nodes.”
THETA.tv’s journey started as a 360-degree VR esports streaming platform, before maturing into a gateway for Twitch streamers. The first blockchain-based solution was SILVER.tv, THETA.tv’s ancestor, launched on March 15, 2019.
Pricewise, both THETA and TFUEL saw price increases. THETA, however, is growing exponentially after the “Black Thursday” market crash of March 12, when the token recorded its all-time low of $0.039771. After the market wipeout, THETA recovered to close March at $0.075. April began with a slow and steady price increase, but the last ten days of the month boosted THETA’s price to $0.121951. Currently, THETA trades at $0.161649, with substantial trading volume peaks over the course of the last 30 days.
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