Theta (THETA) is a blockchain powered network purpose-built for video streaming. Launched in March 2019 the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.The project is advised by Steve Chen co-founder of YouTube and Justin Kan co-founder of Twitch.Theta features its own native cryptocurrency token THETA which performs various governance tasks within the network and counts Google Binance Blockchain ventures Gumi Sony Europe and Samsung as Enterprise validators along with a Guardian network of thousands of community-run guardian nodes.Developers say that the project aims to shake up the video streaming industry in its current form — centralization poor infrastructure and high costs mean that end users often end up with a poor experience. Content creators likewise earn less revenue due to the barriers between them and end users.