Theta Network is a decentralized network in which users share bandwidth and computing resources in a peer-to-peer (P2P) network, it was created for video streaming. A feature of the platform is the fact that for viewing network resources and sharing, a reward in the form of TFuel tokens follows.

THETA news today, Theta Network crypto latest news of coin ticker

Theta Network

Theta Fuel (TFUEL) is one of two tokens on the network. It serves as a service token in the decentralized transmission of video and data, and also acts as a gas token. That is, it is used to ensure all operations in the Theta blockchain, such as payments to repeaters for sharing a video stream, deployment and interaction with smart contracts, as well as fees related to NTF transactions and DeFi applications.

Theta Fuel news today, TFUEL crypto latest news of coin ticker

Theta Fuel

We’re excited to announce that Theta Video API has added Studio DRM for NFT-gated video, a key step toward adoption of decentralized streaming by major Hollywood movie studios:

https://t.co/Hj83DkeFPF

We're excited to announce that Theta Video API has added Studio DRM for NFT-gated video, a key step toward adoption of decentral