Crypto Academy Week 10 - Homework Post for @levycore

Hello my followers and who ever is reading this post well in this post i am going to be writing and completing a task about NFTs which is a homework given by @levycore.

In this homework task i am going to be covering Theta which is one of the best NFT and it is the NFT with the highest market cap but before i talk about it let me briefly explain what are NFTs.

What are NFTs.
Have you ever imagine selling your drawing,cards or text online well that is what NFTs are, they are cryptocurrencies but instead of coins your NFT can be music or art and unlike crypto coins that have the same identity and value NFTs are unique.

What is THETA?

Theta could be a novel decentralized video substance delivery network that's based on blockchain innovation, it is planned to improve video streaming quality and compensate those who offer their computing resources for improved video delivery.

When it was founded in 2018 the team set out to increase global access to live video streaming by reducing the infrastructure required, many people in developing countries cut off from streaming services because of the big price of interfacing farther information centers to final consumers.

The Theta group moreover sees the current framework as lacking for the expanding transmission capacity requests for streaming 4k,8k and indeed vr content, at first the Theta coin was created as an as an ERC-20 token be that as it may since the dispatch of theta mainnet 2.0 on may 27 2020 and with mainnet 3.0 coming, the first tokens have been swapped for modern tokens with transactions that are valued.

Source

Presently the Theta total circulating supply is over 870 million with a supply cap of 1 billion, while the theta token cannot be mined it can be purchased at many major exchanges using either bitcoin or ethereum, the theta reward function is to reward consumers and network node providers for sharing resources and helping to boost the platform performance level, on the theta platform viewers can use tokens to reward video content creators without any intermediaries which in term makes it easier for content creators to be rewarded for their endeavors without depending intensely on promoters.

It is just like your videos are NFTs and i think any video content creator would be considering theta because it is just what traditional platforms lack, in youtube for you to start getting rewarded as a content creator you must have 1000 subscribers and above with 4000hr watch time passed then it depends on the views of your video and the adverts that run on your video plus how many minutes the viewer kept watching your video but in Theta instead all that you can just get rewarded by who liked your video.

Conclusion
I think this is obviously the dream of all video content creators so i see this NFT project developing through out 2021 any way thanks for reading.