We are excited to announce that the COS.tv video platform has partnered with Theta Network to decentralize their video delivery infrastructure. By adding Theta, the COS.tv user experience can be improved and the bandwidth cost of video delivery.
Theta Network, built by Theta Labs, is the leading decentralized video protocol powered by blockchain technology. Theta Network uses token rewards to incentivize viewers to relay video using their excess bandwidth, providing users high-definition video content and reducing video delivery costs.
COS.TV video platform, built by the decentralized video ecosystem Contentos, has achieved huge growth in 2019 and 2020. According to Alexa ranking, in January 2020, the traffic of COS.TV has surpassed Steemit.com. However, the issue coming is the rapid rise in content delivery costs. By adding Theta Network to Contentos’ video infrastructure, they can reduce these costs by 50% or more, thereby enabling COS.TV to achieve more stable and sustainable growth, and adding a new way to increase user engagement through token rewards.
“We are very happy to work with Theta, which will help reduce our video content delivery costs and increase market share” said Contentos co-founder and CEO Mick Tsai. “The partnership also marks the development of blockchain technology adoption in video content.”
“We’re excited to bring COS.tv on to the Theta Network, and add to the growing number of platforms seeing real benefits from using Theta for video delivery” said Mitch Liu, CEO of Theta Labs. “As COS.tv continues to grow rapidly, Theta integration will help attract even more new users while keeping CDN costs low.”
