Decentralization arrives in live streaming on apps and websites thanks to the new Theta Video API announcement. According to the announcement, the API will initially offer beta support for live streaming in the US region. The feature will soon be extended to more regions, just as the project ends its beta testing phase.
Theta Video API is a one-of-a-kind web3 initiative that offers the tools you need to simplify video creation on any application. The video uploaded to this API can be received anywhere with a few lines of code and p2p optimization. Additionally, with the Theta Video API, developers can significantly reduce the cost of building video streaming infrastructure.
The project takes it a step further by adding live streaming support to its customers. Theta Video API has added a new “Live Stream” on the dashboard where users need to click on the “New Stream” button. The “Stream Key” and the “Stream Server” can be copied and pasted on Open Broadcaster to start your live stream on any website.
The live streaming function will follow the same easy-to-use model with ports to access NFT DRM technology. With NFT DRM, ticketed live streaming, pay-per-view events or conferences can coin Theta NFT to sell as tickets. The Theta Video API can host events through its decentralized delivery servers with NFT pass.
Decentralized streaming will help creators and users prevent unwanted traffic from entering the server, protecting privacy and intellectual property. Furthermore, the lack of central servers and intermediaries will also significantly reduce costs when embedding live streaming deliveries into apps or websites. Furthermore, Theta Video API allows users to complete all these steps with just the basic experience. of the developer.
Theta Video API will integrate video encoding on Elite Bridge Nodes as part of its expansion plans. It will enable more than 100,000 nodes around the world to commercially encode video to earn TFUEL tokens. These Elite nodes can perform these actions with greater reliability and uptime.
Further expansion plans include the introduction of decentralized storage in the Elite Nodes by the end of 2022. It will securely store source videos and complete the end-to-end pipeline the API is trying to achieve. Upon completion, the Theta API will be the web3 infrastructure for decentralized, interference-free video streaming.