What does the Theta Network (THETA) token represent in the Video and Entertainment Blockchain ecosystem?

Theta Network is a next-generation video delivery platform with blockchain technology. It aims to incentivize a global computer network to operate a decentralized video streaming platform. Traditional content delivery networks (CDNs) are limited by their locations and struggle to keep up with high-quality streaming. Theta cryptocurrency allows users to stream videos, offering their spare bandwidth and computing resources, and rewards them for doing so. The platform has two native cryptocurrencies, THETA and TFUEL, for voting on protocol changes and executing transactions. Theta also supports the development of decentralized apps on its blockchain. The network is powered by three groups of participants: viewers, content creators, and relayers. Users can download the official Theta Wallet app to hold or wager their THETA and TFUEL tokens. Theta uses a modified Byzantine Fault Tolerance (BFT) consensus mechanism for its blockchain, which involves both validator and guardian nodes. Theta was founded in 2017 by Mitch Liu and Jieyi Long, and its advisory board includes industry experts from YouTube, Twitch, and Verizon. The introduction of Theta Mainnet 3.0 brings innovations such as elite edge nodes and recording engines. The Theta ecosystem also includes the Theta Wallet, Theta Token Minter, Theta Explorer, and THETA.tv streaming platform. Theta Network has partnered with notable companies in the media and technology industry and is working on combating online video ad fraud. Users can purchase THETA cryptocurrency on exchanges such as Binance, Bybit, and OKX. Storing Theta tokens securely can be done using the Theta Wallet or hardware wallets like Ledger and Trezor. The future of Theta Network looks promising, with its decentralized video streaming solution and potential for growth in the digital media market. However, investing in Theta Network carries risks, such as market volatility and competition.