Highlights
- 8888 unique digital collectibles will be grown on the theta network.
- The possession of a Secret Pineapple entitles the owner to membership in The Society, which provides exclusive advantages to members.
About Theta Fuel
Theta Fuel (TFUEL) is one of two native tokens on the Theta blockchain, the other being Theta Token (TFUEL). Not to be confused with the Theta Token (THETA), which is the governance token of the Theta blockchain, which is supported by thousands of community-run Guardian nodes and its Enterprise validators, which include companies such as Google, Binance, Blockchain Ventures, Gumi, and Samsung, among others.
TFUEL is the second token on the Theta blockchain. It is used as a utility token in decentralized video and data delivery and a gas token in decentralized video and data delivery. To put it another way, theta is utilized to fuel all operations on the Theta blockchain, including payments to relayers for the sharing of video streams, the deployment and interaction with smart contracts, and the payment of fees connected with transacting NTFs and DeFi applications.
Aside from that, it is also utilized to reward ecosystem participants that contribute redundant computing capacity as Edge Compute nodes and bandwidth resources in the form of Edge Caching nodes for video streams and other data.
Secret Pineapple Society is coming to Theta Drop.
The Secret Pineapple Society is a unique of 8888 digital collectibles grown on the Theta network. Theta Fuel announced that the Secret Pineapple Society would be coming to theta network. The possession of a Secret Pineapple entitles the owner to membership in The Society, which provides exclusive advantages to members.
Future features will include Decentralized Governance for members, games, live events, and access to THE GROVE, a secretive location only accessible to the pineapple elite.
8,888 unique digital collectibles grown on the @Theta_Network
Coming Soon. pic.twitter.com/qqo0V2L28b
— ThetaDrop (@ThetaDrop) October 29, 2021
The Secret Pineapple Society also confirmed this by retweeting a tweet of the Theta drop.
The secret is out, we are coming to @ThetaDrop!
The harvest is coming soon…more details to come.🍍 $tfuel $theta https://t.co/UuhQVE8uBj— Secret Pineapple Society (@SecrtPineapple) October 29, 2021
Why would Theta Fuel build NFTs?
Content providers are constantly confronted with the fear that rival platforms are sapping their income and reducing their earning opportunities. For example, a digital artist who publishes their output on social media networks would also generate revenue for the platform by selling advertisements to the artist’s admirers. While the artist receives the appropriate exposure, it does not assist the artist in earning any money due to the platform’s benefits.
The advantages of non-fungible tokens may pave the way for the formation and expansion of a whole new creator economy in the future. The creator economy would be focused on assisting content creators in avoiding the need to transfer ownership to platforms that they utilize to market their content.
Future of Theta Fuel
It is commonly known among cryptocurrency enthusiasts that inventions and advances can significantly increase the value of cryptocurrencies; this has resulted in the adage of purchasing a rumor and selling the news being coined. Following the presentation of numerous suggested advancements, the community surrounding Theta Fuel has been a hive of activity, with the price of the asset continuing to rise as a result.
The most significant development is the rollout of the network’s planned Mainnet 3.0 update, which includes many new features and functionality.
In the current market, the live Theta Fuel price is $0.368561 US dollars, with a 24-hour trading volume of $114,890,302, according to CoinMarketCap
