Katy Perry to offer NFTs via Theta Labs, a blockchain-based P2P video streaming network with 1M MAUs that gives out rewards in exchange for unused bandwidth — – Theta has built a peer-to-peer video streaming network — Katy Perry takes stake in Theta Labs, to offer NFTs to fans.
In order to turn bandwidth into profits, Esports Crypto Streaming Service leverages blockchain technology
There has been a peer-to-peer network built by Theta to stream video
A stake in Theta Labs has been acquired by Katy Perry, which will offer fans the chance to purchase NFTs
Most cryptocurrencies are being knocked for their lack of real-world uses besides speculation, which is one of the biggest knocks they have received against them.
In the case of Theta, which is a digital token associated with peer-to-peer video streaming networks, the blockchain project underpins a peer-to-peer network that rewards many of its one million monthly subscribers for their unused bandwidth by providing them with rewards. Having rallied more than 300% over the course of this year, the value of Theta’s market capitalization has swelled to around $6 billion, putting it in the top 20 digital tokens, according to data from CoinMarketCap.com, which showed a 300% gain over the past year.