Theta is open-source software that claims that it increases anyone’s capability to create new applications and the services based on it. As the co-founder of YouTube says that the delivery of videos to various parts of the world is very costly and hence is very challenging and is getting bigger due to 4K, HD, and high-quality video streaming, he is very excited to be a part of the next evolving streaming space to help Theta in making a decentralized peer-to-peer network that can provide low cost and improved video delivery. The innovations in Theta had set up the disruption of the online video industry in today’s world in the way same as the YouTube platform’s traditional video back in 2005. It’sIt’s the only end-to-end infrastructure for decentralized video streaming and delivery to provide all the technical and economical solutions.ĭuring the private token sale by the Theta team in 2017, they raised about $20 million by selling 30% of the unit supply of a billion in the THETA cryptocurrency. It is among the most exciting new ventures. The Theta blockchain tries to encourage a global network of computers that operates a decentralized video streaming platform. Their board of advisors includes the co-founder of YouTube (Steve Chen), the co-founder of Twitter (Justin Kana), and senior executives from Verizon (Rakuten Viki and CJ Hello).
Mitch Liu is known for discovering startups in mobile gaming and online marketing, while Jieyi Long has already worked on VR live streaming technologies. Theta is software launched in 2017 by Mitch Liu and Jieyi Long.
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