Theta Network is a decentralized video delivery network where it offers a wide range of blockchain-enabled solutions to problems concerning the traditional video-streaming sector. It helps by providing high-quality video streaming at a lower cost compared to traditional service providers, the service also covers for decentralized bandwidth and content-sharing.

Theta Labs, responsible for developing the Theta Network. A team packed with a strong lineup that consists of various media and entertainment professionals based in Silicon Valley and Asia. Furthermore, this platform is backed by several big-name companies such as Sony, Samsung. and CAA. Add to the list are traditional venture capital firms such as DCM and Sierra Ventures Fund.

The Thea platform runs in exchange for Theta Fuel coin rewards. The users can earn these coins for sharing videos with other users thru Edgecast (a decentralized app for content transcription and distribution). As a result, Theta was able to establish a reliable, and user-driven method of empowering its growing ecosystem of other services which is focused on entertainment, examples of which are esports, music, movies, education, etc.

This platform runs on a modified Proof-of-Stake (Pos) mechanism also known as Multi-Level Byzantine Fault Tolerance (BFT), which uses a small subset of nodes called "Validator Committee" to fasten approvals, resulting to it becoming quicker and cost-conscious than other traditional Proof-of-Work (PoW) networks.