Theta Fuel (TFUEL) Price

Theta Fuel (TFUEL) is a native token on the Theta blockchain alongside Theta Token (THETA). Theta Fuel is different from Theta Token (THETA). While THETA is the governance token of the Theta blockchain and is supported by thousands of community-run nodes and Enterprise validators like Google, Samsung, Gumi, and others, TFUEL is the token utilized for decentralized video and data delivery in the Theta ecosystem. Also, it acts as the token utilized by the blockchain for a gas fee.

Hence, Theta Fuel (TFUEL) is used to power all the operations on the blockchain, such as fees for NFTs and DeFi transactions, interacting with and deploying smart contracts, and as payment to users for sharing videos.

Theta Fuel (TFUEL) is also used to incentivize the ecosystem for users who share their no longer needed computing power as edge computing nodes and those who share their bandwidth resources as Edge caching nodes for video streams and relevant data.

Theta Network aims to be a Web3 blockchain infrastructure for video, media, and entertainment.

Features and Update

The Theta Network is user-centric and features an array of services that meets users' needs in the Theta ecosystem.

1. Web3 Video API: Theta video API infrastructure leverages the power of decentralized encoding and peer-to-peer delivery that enables users to increase revenue generation while reducing the cost of content delivery.
2. NFT with DRM: the blockchain enables users to launch into the world of Web3 and Metaverse with an NFT-based DRM (Digital Right Management) leveraging ThetaDrop end-to-end services that will allow users to increase fan engagement and loyalty.
3. Global Edge Network: members of the Theta ecosystem are encouraged to share bandwidth, storage, and computing power to earn rewards. Users are incentivized with TFUEL to share their redundant computing nodes and bandwidth resources.
4. Theta Validators: organizations are invited to join global partners, act as validators, and help to secure and govern the leading media blockchain in the world.

Price of Theta Fuel (TFUEL)

How much is one Theta Fuel worth? The current price of Theta Fuel is $0.051664 per TFUEL, with a trading volume of $44,327,885 in the last 24 hours. TFUEL has a circulating supply of $5,301,214,400 TFUEL coins and is up by 3.00% in the last 24 hours.

Theta Fuel Team

Mitch Liu and Jieyi Long co-found Theta Fuel (TFUEL) and the entire Theta ecosystem. They both have a long history in gaming, video, VR, and the virtual reality industry. Theta has a modest team of experts that have excelled in different fields and strategic corporate investors and partners in the form of Sony Innovation Fund, Samsung Next, CAA Creative Artists Agency, and several others.