Media Network is a new protocol that aims to decentralize the traditional approach of Content Delivery Network (CDN) providers. It strives to create a self-governed and open-source solution where everyone can participate. The protocol seeks to establish a distributed bandwidth market, enabling service providers such as media platforms to hire resources from the network and dynamically adjust as the demand for last-mile data delivery fluctuates. Media Network aims to allow anyone to serve content organically without any trust assumptions or pre-authentication requirements. Participants in the network may receive MEDIA tokens as compensation for their bandwidth contributions. These tokens are a fixed supply SPL token minted on Solana’s Blockchain.

Media Network operates as a decentralized hub for web services, connecting providers and clients through smart contracts. It allows service providers to hire resources from the network and dynamically adjust as the demand for data delivery shifts. The network participants, whether they are clients consuming web services or providers supplying web services, interact using the MEDIA token. This token serves as the medium of exchange between clients and providers, powering the network's economy. Providers need to hold MEDIA LP tokens to provide services. An innovative burn mechanism is activated with each deal, infusing dynamism into the system.

Media Network has a wide range of potential use cases. It may be used by media platforms and other service providers to hire resources from the network for data delivery. This eliminates the need for third-party facilitators, making the process more efficient and cost-effective. The network also aims to allow anyone to serve content organically, which can be particularly useful for content creators and distributors. Additionally, the MEDIA token may be used in exchange for web services, creating a self-sustaining economy within the network. The Media Network App serves as an intuitive front-end interface for accessing the features of the Media Network protocol, simplifying the browsing and usage of web services.

Media Network was launched with the aim of decentralizing the traditional approach of CDN providers. It was designed as a self-governed and open-source solution where everyone can participate. The protocol was built on Solana’s Blockchain, and the MEDIA token was introduced as a fixed supply SPL token to reward participants for their bandwidth contributions. The network has undergone changes and updates, with various developments being introduced to enhance its functionality and usability. For instance, the Media Network App was developed to simplify the interaction with the Media Network, enabling more users to benefit from the protocol's decentralized marketplace and smart contracts.

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The current market cap of Media Network is $118.33K. A high market cap implies that the asset is highly valued by the market.

The all-time high of Media Network is $189.05. This all-time high is highest price paid for Media Network since it was launched.

Over the last 24 hours, the trading volume of Media Network is $487.35.

Assets that have a similar market cap to Media Network include Sneed, Binancedog, CrypTalk, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Media Network is 250 thousand.

Media Network ranks 319 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 80% of Coinbase users are buying Media Network. In other words, 80% of Coinbase customers have increased their net position in Media Network over the past 24 hours through trading.