eToro lists Theta and Fantom

eToro is excited to announce that a number of new crypto assets have arrived on its investment platform. They are Theta (THETA/USD) and Fantom (FTM/USD). Both gained on the news. Below are the details about them.

Theta is a decentralized video delivery network

Theta is a decentralized video delivery network that aims to become essential media infrastructure for the metaverse. THETA is the governance token of Theta Network, and is used to reward nodes for securing the blockchain.

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Theta Network counts Google, Binance, Blockchain Ventures, Gumi, Sony Europe and Samsung as enterprise validators.

According to its developers, the project aims to shake up the video streaming industry in its current form — centralization, poor infrastructure and high costs mean that end users often end up with a poor experience.

Content creators likewise earn less revenue due to the barriers between them and end users.

Theta Network was trading for $2.70 with a 24-hour trading volume of just under $200 million at time of publication. It underwent an extended rally.

Fantom provides DeFi services based on unique consensus mechanism

Fantom is a scalable smart contract platform based on a unique consensus mechanism known as Lachesis. Its native token FTM is used for paying network fees, securing the network through staking, and voting on governance proposals.

At time of publication, Fantom was trading for $1.11 with a 24-hour trading volume of almost $1 billion. After some conflict within its team that sent its price down, it’s beginning to reverse its losses.  

Fantom provides decentralized finance (DeFi) services to developers based on the bespoke consensus algorithm.

Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.

Fantom was created as an alternative to Ethereum (ETH/USD). The ecosystem aims to overcome the limitations of previous generation blockchains and balance scalability, security and decentralization. The project offers a set of tools to simplify the process of integrating existing DApps, as well as a detailed staking reward system and built-in DeFi instruments.