Theta Token (THETA) is by far the most successful cryptocurrency for the industry of esports, which is one of the areas where digital tokens and blockchain technology have been most welcome.
In a nutshell, Theta represents a peer-to-peer video streaming network that is conceptually similar to Twitch, UStream, and Mixer - popular platforms that bring together the professional and semi-professional gamers and people who are fond of watching their live streams. The popularity of decentralized streaming platforms, including Theta, has vastly increased after YouTube, which is also this platform’s main rival, and several other major streaming outlets began imposing draconian measures on streamers with regard to the monetization of their video content. By the way, the group of Theta’s media advisors includes Steve Chen, who is one of the co-founders of YouTube.
THETA isn’t a nascent cryptocurrency - it had entered the market in the middle of January 2018, right before the commencement of the prolonged bear market, which, probably, had seen its last days at the tail end of 2019. Theta Token managed to catch just a glimpse of the 2017/2018 hype that still managed to take its price to the all-time high of $0.28, on even $0.31 on some exchanges, which is only 43% higher than its current price of $0.18, as of the time of writing.
THETA all-time chart