THETA is the Ethereum token of the THETA network project. The THETA network project is affiliated to Theta Labs. It is a new generation of decentralized video streaming platform based on native blockchain technology. The platform distributes THETA token rewards to content viewers who share bandwidth, provides high-definition video content, and reduces video distribution costs.
Theta Network aims to develop more effective methods to distribute all kinds of content and data globally through a paid peer-to-peer network. The Theta blockchain uses native tokens to encourage individual users to share surplus computing power and bandwidth resources as a cache or relay node for video streams.