The Theta Token (THETA) projects aims at sharing on resources through connecting all network participants. To achieve its goals, Theta Labs has announced a $2million Dapp development fund that anyone can apply for. However, it will be easy for you to get funding if you are have a team building a video platform or similar application that is consumer facing.
By supporting its users, the Theta network seeks to build a strong community that will drive the network to the future. The Theta Token Dapp Development Fund will be used to support developers who create projects on the ecosystem.
How the Theta Dapp Development Will Work
If you are a team in need of creating decentralized application, you need to send your application. Once your project proposal is approved, your team will get the initial funding and more funding will be given after you achieve set milestones.
According to the Jieyi Long, the CTO at Theta Token, all teams approved will get full support from the Theta Token engineering team. The team will provide guidance and technical support. To this end, The CTO adds that they will provide the necessary software development tools throughout the entire project. The Dapp project is set to kick of mid July.
To get involved on the platform as a Dapp developer, you can apply online. The platform is already receiving applications and the reviewing process is ongoing. Once approved, you will be contacted promptly and given directions on how to get started. By involving community members participate in the project, Theta appears to be taking the user-centric development model.
Theta Token (THETA) Token Use Cases
Theta Token (THETA) Token is set to disrupt the online video industry and is becoming a threat to YouTube, according to Steve Chen, the YouTube co-founder:
“Theta’s innovation is set to disrupt today’s online video industry much in the same way that the YouTube platform did to traditional video back in 2005. One of our biggest challenges had been the high costs of delivering video to various parts of the world, and this problem is only getting bigger with HD, 4K and higher quality video streams, I’m excited to be part of the next evolution of the streaming space, helping Theta create a decentralized peer-to-peer network that can offer improved video delivery at lower costs.”
The entry of Theta network has been received with a lot of and this has lead to its ever increasing popularity and Rizwan Virk, head of Theta Token development had this to say:
“While the internet has created new ways to consume content, the creation and distribution of high quality shows has, for the most part, still been dominated by a small number of players, studios, TV networks, cable providers, and aggregators like Netflix. This hasn’t led to the democratization of content that was the promise of the internet,”
There is too much interest on blockchain based video sharing platform and getting strategic partnerships for Theta Token for (THETA) should not be a big deal. SONY seems to be interested in a partnership though this is still at the speculation level butt if a deal is struck, this will be the best gift for the video development and sharing platform.
Theta Token (THETA) Token Price Today
Theta Token (THETA) token has not been performing to its optimum given that the market has been on the south trend for the last few months. The bearish market is affecting the big and small coins and once the market correction shows positive signs, THETA will among the coins to breakout during the early stages.
At the time of reporting, THETA token price stood at $0.159583 after marginally shedding 256% against the dollar and almost the same rage to the ETH and BTC. The last 24-hours have seen mixed fortunes in the market and THETA is among the coins trading in the red and this could change in the coming days and push the token north.