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Theta Labs has received funding from Samsung NEXT and Blockchain
Theta Labs – the team behind the decentralised video protocol Theta – recently closed a round of strategic funding led by Samsung NEXT and Blockchain and is now fully funded until 2021, according to Forbes. The Theta Network enables users to share excess bandwidth while watching streams to help reduce the overall cost of video streaming for all participants in exchange for token rewards. Forbes estimates that each Theta Network user has the potential to earn roughly $16 per month by participating, which is enough to cover the cost of the average subscription to a streamer on a streaming platform. The Theta ... (full story)