Theta Network, the pioneer in blockchain-powered video distribution, has announced the launch of its public testnet—marking a significant milestone in decentralized video streaming technology. Alongside this release, Theta introduced a $2 million development fund to accelerate DApp innovation on its platform.
Key Features of Theta Testnet
- First Public Testnet: Open to 3 million users with open-source code available on GitHub
- SLIVER.tv Integration: Partnership with a major esports streaming platform (300K+ users)
- Decentralized Video Protocol: Enables browser-to-browser real-time streaming with tokenized incentives
"This testnet establishes Theta as the only active decentralized video delivery network. We believe future decentralized video platforms will be built on Theta's architecture."
— Mitch Liu, Co-founder & CEO of Theta Labs
Technical Components
- Grid Distribution Protocol
JavaScript library enabling bandwidth sharing between viewers - Ledger Protocol
Includes server-side wallet and blockchain explorer with PBFT consensus engine
Development Fund Opportunities
Theta invites developers to apply for grants from its $2 million fund to create:
- Video streaming applications
- Enterprise video conferencing tools
- E-learning platforms
- Music/news distribution systems
👉 Apply for Theta DApp Development Fund
Industry Endorsements
Samsung NEXT Ventures:
"We invested in SLIVER.tv for its innovative approach to reducing bandwidth costs. Theta's testnet represents the evolution of this vision."
Bitmovio (MIT Play Labs):
First DApp recipient developing new models for entertainment creators using Theta's blockchain.
FAQ Section
Q: How does Theta's token reward system work?
A: Users earn tokens by sharing bandwidth to distribute video streams, redeemable for premium content.
Q: What makes Theta different from traditional CDNs?
A: Theta decentralizes video delivery through viewer-to-viewer transmission, reducing costs by 50-80%.
Q: When will the mainnet launch?
A: Theta plans its mainnet release for Q4 2018 following successful testnet validation.
👉 Explore Theta's Official Resources
For media inquiries:
Roger Johnson | Method Communications
[email protected] | (801) 461-9781
This content represents third-party opinions and does not constitute financial advice.