Media Network is a new protocol that bypasses traditional CDN providers’ centralized approach for a self-governed and open source solution where everyone can participate. Media Network creates a distributed bandwidth market that enables service providers such as media platforms to hire resources from the network and dynamically come and go as the demand for last-mile data delivery shifts. It allows anyone to organically serve content without introducing any trust assumptions or pre-authentication requirements. Participants earn MEDIA rewards for their bandwidth contributions, a fixed supply SPL token minted on Solana’s Blockchain.
Media Network Price Analysis
As of October 11 2024 Media Network has a marketcap of $2.8M.
This is {{percentagefromath}} from its all time high of $312.25.
In terms of its tokenomics, there's a total supply of 869K with 29% currently outstanding.
Keep in mind Media Network has a fully diluted value of $9.8M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
