Theta Market Opportunity
The Theta Network aims to serve two different market niches within the online video industry. Firstly they are targeting live video streaming. Eventually as the platform evolves Virtual Reality video streaming functionality will also be made available.
Secondly, there is the Video on Demand (VoD) market which The Theta Network has plans to grow into and serve further down the line. Once this functionality has been achieved through continual upgrades to the protocol, applications built on The Theta Network will (in theory) be able to rival the likes of YouTube, Twitch and Facebook.
According to Statistics MRC, the global video streaming market is expected to reach $83B by 2022, growing at a compound annual growth rate of 17.9% from 2015 to 2022. Meanwhile,…