Theta [THETA] Explained Simply For Beginners

Theta [THETA] Explained Simply For Beginners

could the Theta cryptocurrency be the
next YouTube well you’re about to find
out in this video I’m going to be
breaking down what it does what the
token does in a way that’s so simple
that’s going be perfect for you if
you’re new to the market or maybe you’re
just new to this particular token okay
so I’m going to give you all the details
that you need to know about Theta and
what they are doing including what it is
how it works and if you stick around all
the way until the end of the video you
will find out if this is actually
something that has great potential for
the future what are the risks what are
the opportunities and where I think this
token could be going but before we dive
in I have to give you this quick
disclaimer very important no one has
paid us to make this review the
information that you will find in this
video is provided to you for free for
educational purposes this is not a
recommendation for you to run out and to
buy or to sell or to hold the particular
cryptocurrency we’re discussing today
whether Thea or t fuel second token in
the ecosystem now if you appreciate of
course this free info then please do
share this round with your friends give
the video a thumbs up that would be
super awesome thank you very much for
that full portfolio disclosures by the
way I don’t currently own this
cryptocurrency we can see what other
coins I do own include my Venture
investments in the link below in the
YouTube description or in the pinned
comment over over on X
so that all being said let’s get that
out of the way let’s get started what
the heck is a Theta anyway well this is
on the surface a video streaming Network
powered by individuals not corporations
it rewards its users for sharing excess
bandwidth and for sharing their
computing power to help others to
deliver enhanced quality video content
to end users but f itself insists it’s
not simply a decentralized version of
YouTube or twitch it’s much much more
than that that’s
because underneath all of that is a
Theta blockchain which Theta refers to
itself as the leading blockchain
decentralized Cloud for ai ai there’s a
word there’s the word media and
entertainment now there’s a lot to
unpack here with Theta so let’s just go
ahead and start at the beginning good
place to start usually this was actually
founded in 2016 by two Tech dudes with
experience in gaming startups and VR
live streaming technology fact I think I
interviewed them back in 2018 2019
something like that anyway not to
mention their Board of advisers
absolutely packs a punch with some
seriously experienced Tech Bros
including YouTube co-founder Steve Chen
twitch co-founder Justin can as well as
Verizon Chief Network officer Kyle
akamoto
Theta can be utilized by YouTube twitch
or any other video platform so it makes
sense why these guys are advisers as
it’s not necessarily competing with them
but rather enhancing them offering them
more technical options video streaming
services battle with each other and they
also battle with issues like Geographic
reach high fees poor picture quality and
buffering issues especially outside of
the main Global hubs and we’re living in
a world where users are constantly of
course demanding better everything and
at a better price they want better
content they want better picture quality
like 4K or above 8K baby as where as out
let’s go better load times at the heart
of all these problems is the need for
more data in addition to these problems
the centralized nature of the existing
video streaming industry means less
revenue is ending up
back in the pockets of content creators
now Theta is actually aiming to solve
all of these problems with its
peer-to-peer blockchain powered Network
as more users join the Theta blockchain
more bandwidth becomes available and
therefore the better quality streams can
be provided to end users now along with
that more money makes its way back to
users and back to content content
creators whilst video platforms get to
save on infrastructure whilst also
increasing advertising and increasing
subscription revenues now Theta was
originally launched on the ethereum
blockchain but actually moved over to
its own Theta blockchain in March of
2019 the Theta blockchain is powered by
three different groups of users number
one validator nodes those companies
basically can come in and stake Theta
tokens to earn the right to process
transactions on the network Theta
already has some very well-known and
famous validators you might have heard
some of these names Samsung Sony Google
binance dap RAR pretty big names there
two Guardian nodes these are users who
validate the validators to make sure
that the transactions are accurate
whenever he’s playing by the rules
number three EDG nodes these are the
users who either share computer
bandwidth or relay video streams in
return for theta’s sister token which is
the Theta fuel token or t fuel more on
that in a minute it’s the extra layer of
security consisting of both validator
nodes and guardian nodes confirming
transactions that makes Theta such a
powerful product in that modified
version of traditional proof of stake
blockchains like ethereum
and when it comes to transaction speed
Theta can process up to a th000
transactions per second which is pretty
damn good now before we break down the
Theta token and what it’s used for I’d
like to interrupt the flow just for a
moment to let you know about the best
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Theta is designed to do and how it works
we have to of course talk about the
token utility the supply distribution
all that important stuff theta’s Network
actually has a dual token design
consisting of its main governance token
the Theta token and the secondary
operational token known as tfuel Theta
is used for staking to give voting
rights to holders and tfuel is the gas
token that is used for all activities on
the network including payments relays
distribution and fees for nfts as well
as defi applications now tfuel launched
with five billion tokens when Theta
first launched and the supply increases
every year currently there are over 6.5
billion tfuel tokens currently in
circulation but the good news is that
theta’s main token has a fixed supply of
1 billion Theta tokens all of which are
already in circulation so there’s no
Supply inflation to worry about with
this token the token supply of theta has
been distributed as follows 36.3% were
allocated out to Theta Labs reserves 30%
was allocated over to investors back
during their private token sale that
happened in uh
2017 ages ago man it’s got around for a
while 12.5% allocated Partners 12.5%
allocated Network seeding 7.5% allocated
to the team 1.2% to advisers with all
its tokens out there on the market data
has turned its attention to expanding
its ecosystem into developing a ton of
new use cases so let’s talk about
theta’s key Partnerships and their key
Integrations first up nfts Theta
partnered with the singer Katie Perry in
2021 to launch nfts on on its own nft
Marketplace called Theta drop Katy Perry
also acquired a minority stake in Theta
Labs along with her talent agency
creative artists agency becoming thus a
Theta Enterprise validator as
well Fair Play Katy Perry Theta drop
also has its own token called T drop
allowing users to earn each time they
buy using tfuel within the nft
marketplace data has also partnered with
NHL’s Vegas Golden Nights to launch
fan-based nft experiences the name
dropped just a few more
collaborations Theta worked with Sony to
create 3D nfts for its spatial reality
display and with Samsung to build an nft
ecosystem for its Galaxy mobile phones
but the most exciting partnership to
date that will be really gamechanging
for the network is that it’s team up
with distributed Cloud GPU Network
Aether together they will launch Theta
Edge Cloud a hybrid cloud computing
platform launching its first phase in
May this year Edge Cloud will be the
largest hybrid GPU Marketplace for AI
and dpin we love those narratives man Ai
and dpin yes yes decentralized physical
infrastructure networks for the win and
ai ai yes we love AI okay
this is going to provide outof the-box
AI models like stable diffusion and
llama 2 providing unlimited access to
GPU processing for any AI or video task
users will be able to share their CPU or
GPU for AI and for video workloads and
to get paid in tfuel tokens for doing
that as part of the collaboration Aether
brings to the table the hardware of
40,000 plus Enterprise grade gpus
including over 8,000 of nvidia’s most
must have h100 ai chips which means this
baby is going to be one heck of a
Powerful Beast to put this all in
perspective a standard PlayStation 5
console is capable of outputting 10.3
teraflops making the Theta Network
equivalent to
85,000 Daisy chained ps5s theta’s
gradual transition from being solely a
pier to pure video content delivery
platform to one that’s integrating AI
capabilities sets them up perfectly
going into the future with this Rising
demand for AI and this Rising hype in
the crypto space for AI we already know
the future won’t just be video based but
it’ll be video based powered by AI so
Theta is trying to strategically
position itself as one of the leading
blockchains in this sector now before it
gets wildly big okay so let’s talk about
the risk that could threaten theta’s
entire future the elephant in the room
obviously competition with Theta trying
to now take on you know the video
streaming industry I was one of the
original ideas as well as now taking on
a AI right big big big task it’s going
to come up against a lot of competition
and the video streaming space is of
course up against the likes of live Pier
flicko veracity Library just in the
crypto space right not even counting for
the web 2 stuff then in the AI space
it’s coming up with against projects
like render and fetch and Singularity
it’s got its work cut out for it but if
Theta can differentiate itself enough
through its products its services it’s
very powerful team and very powerful
Partnerships and Industry collaborations
then it could really see some serious
growth but it’s got to keep a lid on its
streaming fees at the end of the day if
it’s not a more affordable alternative
to the existing centralized models it’s
not going to be adopted people aren’t
going to do it just because it’s more
decentralized they’re going to do it
because it’s cheaper let me know your
thoughts in the comments and I will see
you in the next video

Theta crypto altcoin explained for beginners

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00:00 Intro
01:37 What is Theta?
06:58 THETA Token
08:47 Key Partnerships and Integrations
11:57 Risks and Opportunities

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Disclaimer
Everything expressed here is my opinion and not official investment advice – please do your own research before risking your own money. Lark Davis (The Crypto Lark and affiliated brand Wealth Mastery) is not providing you individually tailored investment advice. Nor is Lark Davis registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Lark Davis is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.