I'm somewhat new to this site and am surprised there doesn't appear to be a discussion dedicated to THETA and TFUEL. This seems like a really promising project. They just held an AMA and showed off some of the developments in the pipeline and there is a lot happening.
Executive Summary (helicopter view):
- THETA is governance token (can be staked to earn TFUEL). THETA is currently capped at 1 billion tokens.
- Theta Edge Node software can be downloaded and installed on any Windows or Linux computer. The Edge Node software can perform jobs for the Theta Edge Cloud computing network. Each job your Edge Node completes earns TFUEL (or another TNT token such as LAVITA). The jobs are currently related to either AI processing or video processing.
- You can stake TFUEL to your Edge Node to upgrade it to an Elite Edge Node earning 3-4x more TFUEL
In the AMA they showcased more AI and video processing technology that they are rolling out. They are also partnering with centralized cloud computing providers like Amazon Web Service to provide backup computing power. They also mentioned that Edge Node for Android is coming "within weeks".
They are aiming to become the most scalable and cost effective cloud computing option available for AI applications (and graphics processing). Seems like a huge growth market to me.