Theta is a decentralized media network, made possible by users and an innovative new blockchain. Theta is an open-source protocol that is specially built for decentralized apps ( DApps ) that can be built on the platform. Theta was founded by Mitch Liu and Jieyi Long. Both are experienced entrepreneurs with a lot of experience within the entertainment studio. The project was officially launched in the second quarter of 2017. Theta is currently still an ERC-20 token on the Ethereumblockchain, but in 2019 the switch to its own blockchain will be realized.