What are theta coins used for?

With investors such as CAA, Sony, and Samsung , Theta Network has established itself as the leading media and entertainment blockchain and will be launching exclusive NFTs alongside global superstar Katy Perry and ONE Championship in Q4 2021.

THETA is the cryptocurrency powering the Theta Network and it can be staked by those wishing to become Validator or Guardian nodes. THETA allows nodes to validate transactions, produce blocks, vote on changes to the network and earn TFUEL as a reward .

The project is currently backed by the likes of Samsung, Sony and several Silicon Valley venture capitalists . Theta Token began trading in 2018 for around $0.20.