Theta Network to Host an Evening Meetup in Paris

Theta Network will host an evening meetup in Paris on April 10th during Paris Blockchain Week.

Theta Network, a blockchain platform specialized in video streaming, will host an evening meetup in Paris on April 10th during Paris Blockchain Week.

Theta aims to revolutionize the video streaming industry by building a decentralized and efficient ecosystem. In March 2019, a group of industry veterans, including Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch, set out to solve the problems of centralization, inefficient infrastructure, and high costs that plague viewers, content creators, and video platforms.

Theta's mission is to decentralize video streaming, edge computing, and data delivery to lower costs, increase efficiency, and create a fairer ecosystem for all. It runs on its own blockchain and uses a two-token system: THETA and Theta Fuel (TFUEL).

The decentralization strategy is designed to reward viewers with a better streaming experience, enable content creators to generate higher income, and help video platforms reduce infrastructure costs while potentially increasing ad and subscription revenue. Users are incentivized to consume content and share resources, with rewards paid out in TFUEL tokens.

Moreover, Theta supports developers who wish to deploy decentralized applications (DApps) on its EVM-compatible Smart contract platform.

The THETA token is essential to the Theta network and performs various governance functions. Major enterprises like Google, Binance, Sony Europe, Samsung, and others act as Enterprise validators, supplemented by a large Guardian network of community-operated nodes. The open-source nature of the platform grants token holders governance capabilities, a common feature of many proof-of-stake (PoS) blockchain systems.