What are the use cases for Theta Network?
Theta Network is a decentralized video streaming and delivery network that uses blockchain technology to incentivize users for sharing their bandwidth and resources.
The platform is designed to provide a more efficient, cost-effective, and secure way to stream video content. The use cases for Theta Network are vast and varied. The platform can be used by content creators, viewers, advertisers, and other stakeholders in the video streaming industry.
Content Creators: Content creators can use Theta Network to stream their videos directly to viewers without having to pay expensive fees for hosting or bandwidth. They can also monetize their content by allowing viewers to pay with TFUEL tokens or by accepting donations from viewers. Viewers: Viewers can watch videos on Theta Network without having to pay expensive fees for hosting or bandwidth.
They can also earn TFUEL tokens by sharing their bandwidth with other users on the network. Advertisers: Advertisers can use Theta Network’s advertising platform to reach a larger audience and target specific demographics with their ads. They can also pay with TFUEL tokens instead of traditional currencies, which helps reduce costs associated with advertising campaigns.
Other Stakeholders: Other stakeholders such as developers, service providers, and investors can benefit from the increased efficiency of the network as well as the potential for new revenue streams created by the platform’s token economy. Developers can create applications that leverage the power of blockchain technology while service providers can offer services such as storage or analytics on top of the network. Investors have access to a new asset class in the form of TFUEL tokens which they can buy and sell on exchanges like Binance or Huobi Global.