Investor Took And Ran With Their Theta Profits
Blockchain technology will become life-changing and will be deemed as one of the greatest inventions of modern times. We are seeing application solving real world problems right under our eyes and noses.
Theta, a user-powered decentralized video content streaming platform will revolutionizes the way video content is distributed across the Internet. The Theta platform allows creating decentralized app layers that have specific functions like peer-to-peer streaming, education, live sports broadcasts, conferencing, movies and television and more.
Steve Chen, Co-Founder of YouTube, who is an advisor says Theta’s innovation is set to disrupt the online video industry like YouTube did with videos back in 2005.
We have seen major advancements in broadband technology, high-definition video, and streaming media. But with the advancements in broadband technology, networks are more likely to experience a bandwidth crunch. With higher resolutions, massive amounts of data can result in latency and reliability issues.
According to Cisco, every second, a million minutes (17,000 hours) of video content will cross global IP networks by 2021. Theta believes the existing distribution of network infrastructure that provides support to video content is not immune from the critical flaws, causing a major disruption in the proper operation of video content industry.
Theta feels problems like low-resolution content, poor loading times and high delivery costs arise and ultimately lead to limited revenue flow to video content creators. And once there is increased resolution of video content when the development of high definition video content or VR content begins, these issues will only compound.
In the run-up to Theta’s mainnet 2.0 launch, some high-profile partnerships have fueled four-figure percentage gains for Theta’s tokens since March.
Crypto-powered Esports streaming app Theta continues to rally ahead of its mainnet 2.0 launch, gaining 150% in the past two weeks.
All told, the Theta Token, is up nearly 1,300% since the ‘Black Thursday’ crash of mid-March.
In addition to its forthcoming technical upgrades, Theta’s rally appears to have also been fuelled by a series of partnerships with major media platforms, including Android TV and Samsung.
And if that wasn’t enough good news, Google was announced as Theta’s preferred cloud provider, with Theta users able to deploy and run nodes directly from the Google Cloud Marketplac. Google Cloud will also power the cloud infrastructure underpinning the Theta.tv video platform.
But this was a clear buy the rumor, sell the news as investor took and ran with their profits.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
Posted Using LeoFinance
