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Esports Crypto Streaming Service Become a $6 Billion Business

Published 07/05/2021, 04:22 AM
Updated 07/05/2021, 04:30 AM
Esports Crypto Streaming Service Become a $6 Billion Business
SONY
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SSNLF
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  • Theta’s market value has grown to around $6 billion.
  • This puts it in the ranks of the top 20 digital tokens, according to CoinMarketCap.com.

After gathering more than 300% this year, Theta’s market value has grown to around $6 billion. This puts it in the ranks of the top 20 digital tokens, according to CoinMarketCap.com.

Theta is a blockchain project that supports a peer-to-peer video streaming network. Also, it offers rewards to many of its 1 million monthly users in exchange for unused bandwidth.

According to Bloomberg, Sony (NYSE:SONY) Group Corp. and Samsung Electronics (OTC:SSNLF) Co. are part of the business titans that back the project, which an esports live-streaming startup developed.

Bloomberg said that investors like Sony also stake coins, a process used to help validate transactions that create new blocks in blockchain networks. In exchange, they get rewards of a token called TFuel. As a result,

This article was first published on coinquora.com

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