THETA DAO, initiated by founder Jerry Kowal and developed in collaboration with a group of blockchain technology and client partners, is a decentralized DeFi protocol built on the THETA main chain (Theta Metachain). This protocol enables social media platforms to drive user growth while reducing content delivery costs by 50-70% or more. It is supported by over 100,000 community-operated edge nodes that share their storage, computing, and bandwidth resources. THETA is fully compatible with EVM and Ethereum smart contracts, supporting a wide range of Web3 applications, including NFTs, decentralized exchanges (DEX/DeFi), and decentralized autonomous organizations (DAOs).
With the launch of the Theta Edge Network and Elite Edge Nodes by ETA Labs in the spring of 2021, as well as the launch of the ETA Metachain in 2023, THETA has become a leading decentralized Web3 video infrastructure and AI cloud platform. THETA DAO Labs, based in South Korea, conducted a month-long beta testing of THETA DAO version 1.0 in May and successfully established a strategic partnership with THETA’s official chain technology department.
As the first financial DeFi project on the THETA main chain, it is also the world’s first financial system for anonymous perpetual cyclic community governance on the THETA chain. It was announced that the project would officially launch on June 28th after the global public beta test started in mid-June.
According to the official announcement, just before the start of the global public beta test, THETA DAO initiated the Pioneer Program. The selection criteria for program participants were very high, as the organization focused heavily on the value-added effect of investment outcomes. As a result, many well-known project founders and investors participated. Pioneers from around the world, including Korea, Japan, Italy, Thailand, and more, contributed significantly to the project’s progress and achievements during the program, establishing a solid community foundation for the official launch in June and providing great development opportunities and potential for future participants. Regarding the highly anticipated bonus system of THETA DAO, it adopts a model designed by a top MLM team, combining a three-network unified bonus reward model and a two-way participation model to incentivize community members’ participation and contributions.
Currently, the Theta Edge Network has over 10,000 monthly active edge nodes, which has become a key differentiator compared to other L1 blockchains. It is expected that by 2024-2025, Theta will provide a fully distributed hybrid cloud edge computing platform to meet the diverse needs of users. The platform will be designed to meet the scalability and performance requirements of the top 1000 global enterprises while providing flexibility and cost savings of 3-5 times for high-growth small and medium-sized businesses (SMBs), researchers, and developers.
Theta’s vision is to establish a fully decentralized global edge network operated by community members. It will provide distributed computing, storage, and transmission capabilities for video encoding, transcoding, storage, and peer-to-peer delivery. Elite edge nodes that stake TFUEL for “uptime mining” will receive additional TFUEL rewards. Through better hardware and software specifications, Theta aims to deliver higher performance, providing users with more efficient, secure, and reliable AI video services. Furthermore, Theta aims to build next-generation Genai, DePIN, video rendering, and financial DApps.
