Theta (theta) is an open source protocol, which provides support for distributed streaming media network, and allows the construction of distributed applications (dapps) on the platform to support e-sports, music, TV / film, education, enterprise conference, peer-to-peer streaming media, etc. SLIVER.tv DAPP is the first app built on theta network. In November 2018, Tencent games announced that SLIVER.tv Work together to bring theta rewards to players in paradise. Its founding team has more than 30 years of experience in video streaming, including YouTube co-founder Steve Chen and twitch co-founder Justin Kan.

Theta project introduces theta blockchain to solve the challenges faced by today's video streaming media industry. First of all, the project uses theta token as a reward mechanism, which can encourage users to share idle computer memory and bandwidth resources and become the cache node of video streaming media. This method can solve the main bottleneck of traditional streaming media distribution network (CDN), that is, the so-called "last mile" distribution problem. Secondly, when the number of cache nodes is sufficient, most users can grab streaming media from peer-to-peer cache nodes, so as to reduce the bandwidth cost of content distribution network and the operation cost of major video streaming media websites. Finally, by decentralizing, theta token can improve the efficiency of the streaming media market. For example, advertisers can lock in the end audience at a lower cost and more transparently reward Internet Celebrities and video content providers.

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