Rank #122
theta Theta Network
$ 0.7057
0.056443 BTC
644 satoshies
Market Cap
705,79 MLN. $
24 Hour Trading Vol
14,13 MLN. $
Circulating Supply
1,00 BN.
Total Supply
1,00 BN.
Max Supply
1,00 BN.
Fully Diluted Valuation
659,33 MLN. $
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About Coin
Theta Network is the leading blockchain-powered decentralized cloud for AI, media and entertainment. It can be viewed as a "dual network" consisting of two complementary subsystems, the Theta Edge Network and the Theta Blockchain. The edge network provides vast amounts of GPU compute power for AI, video, rendering and other tasks, while the Theta blockchain provides payment, reward, and smart contract capabilities. Below we provide more details for the two components.
Theta's Edge Network is a decentralized network consisting of over 10,000 active global nodes with 80 PetaFLOPS of always available distributed GPU compute power, equivalent to 250 Nvidia A100s. Theta Edge Network powers the Theta EdgeCloud, a leading hybrid cloud-edge AI computing platform launched on May 1, 2024. Leveraging Theta's recently approved patent on ‘Edge Computing Platform supported by Smart Contract Enabled Blockchain Network’ and the upcoming release of Elite+ Booster edge nodes, all Theta community members will be able to participate and share in the rewards from EdgeCloud AI, video, 3D rendering and gaming compute jobs. While chatbots like ChatGPT and others utilize GPUs, new generative AI models such as text-to-video, text-to-3D and sketch-to-3D will require 10-100x the amount of computational power. The combined GPU compute power of Theta's decentralized edge network and its preferred cloud partners is 20-30x more than other comparable networks in the industry today, holding the keys to global GPU compute, arguably the most valuable and most disruptive asset in history.
Theta blockchain is an EVM compatible multi-blockchain network which supports Turing complete smart contracts. This EVM support enables a wide range of interesting Web3 applications to be built on the Theta Network. Examples include non-fungible tokens (NFT), decentralized exchanges (DEX/DeFi), and decentralized autonomous organizations (DAO), which could become indispensable building blocks of the next generation AI, media and entertainment platforms. Theta’s enterprise validator and governance council is led by Google, Samsung, Sony, Creative Artists Agency (CAA), Binance, Blockchain Ventures, DHVC, gumi and other global leaders. Theta has partnered with leading entertainment brands including Lionsgate, MGM, Katy Perry, American Idol, The Price is Right, Taste of Home, and more. Popular platforms utilizing Theta’s Web3 infrastructure include MetaCannes Film3 Festival, FuseTV, CONtv Anime, WPT, PetCollective, FailArmy, and other OTT streaming services. Strategic corporate investors include Samsung NEXT, Sony Innovation Fund, Bertelsmann Digital Media Investments (BDMI), CAA and Silicon Valley VCs including DCM and Sierra Ventures.
Where is Theta Network available for purchase?
You can exchange THETA tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Theta Network is HTX, notably the THETA/USDT pair, which saw a trading volume of $ 3,90 MLN. in the past day. Additionally, DigiFinex and Binance are popular alternatives for trading tokens.
What is the highest value Theta Network (THETA) has ever reached?
Theta Network (THETA) reached its peak price at 15.72 $ on 16 April 2021, approximately 4 years ago ago. Presently, the current price is -95.51% lower than this all-time high.
What is the historical minimum price for Theta Network (THETA)?
The minimum price reached for Theta Network (THETA) was 0.04039 $, documented on 13 March 2020, more than 5 years ago. In comparison, the current price is 1,647.02%, it above this historical low.
What is the fully diluted valuation of Theta Network (THETA)?
The fully diluted valuation (FDV) of Theta Network (THETA) stands at $ 659,33 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 1,000,000,000 THETA tokens. The realization of this FDV might take several years depending on the emission schedule of THETA tokens.
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