Theta Network is the leading blockchain decentralized cloud for AI, media and entertainment. Theta EdgeCloud, slated to launch in 2024 is the first hybrid cloud-edge AI computing platform powered by the Theta Edge Network with over 10,000 active global nodes and 80 PetaFLOPS of always available distributed GPU compute power, equivalent to 250 Nvidia A100s.

Leveraging Theta's recently approved patent on ‘Edge Computing Platform supported by Smart Contract Enabled Blockchain Network’ and the upcoming release of Elite+ Booster edge nodes, all Theta community members will be able to participate and share in the rewards from EdgeCloud AI, video, 3D rendering and gaming compute jobs. While chatbots like ChatGPT and others utilize GPUs, new generative AI models such as text-to-video, text-to-3D and sketch-to-3D will require 10-100x the amount of computational power. The combined GPU compute power of Theta's decentralized edge network and its preferred cloud partners is 20-30x more than other comparable networks in the industry today, holding the keys to global GPU compute, arguably the most valuable and most disruptive asset in history.

Theta supports Turing complete smart contracts, and is fully compatible with Ethereum. This EVM support enables a wide range of interesting Web3 applications to be built on the Theta Network. Examples include non-fungible tokens (NFT), decentralized exchanges (DEX/DeFi), and decentralized autonomous organizations (DAO), which could become indispensable building blocks of the next generation AI, media and entertainment platforms.

Theta’s enterprise validator and governance council is led by Google, Samsung, Sony, Creative Artists Agency (CAA), Binance, Blockchain Ventures, DHVC, gumi and other global leaders. Theta has partnered with leading entertainment brands including Lionsgate, MGM, Katy Perry, American Idol, The Price is Right, Taste of Home, and more. Popular platforms utilizing Theta’s Web3 infrastructure include MetaCannes Film3 Festival, FuseTV, CONtv Anime, WPT, PetCollective, FailArmy, and other OTT streaming services. Strategic corporate investors include Samsung NEXT, Sony Innovation Fund, Bertelsmann Digital Media Investments (BDMI), CAA and Silicon Valley VCs including DCM and Sierra Ventures.

Theta Network is a "dual network" consisting of two complementary subsystems, the Theta Blockchain and the Theta Edge Network. The Theta blockchain provides payment, reward, and smart contract capabilities, while the edge network provides vast amounts of GPU compute power for AI, video, rendering and other tasks. Below we provide more details for the two components.