# What Is Sway Protocol (SWAY)?
Sway Protocol introduces a web3 proxy for social capital, helping NFT projects and individual wallets establish trust, reputation and goodwill through staking and rewards distribution.

# How Does It Work?
Sway Protocol is a decentralized protocol that enables users to deploy proxy staking pools for their NFT assets. Other participants can stake tokens in these pools in order to earn rewards based on NFT sales and royalties, and to establish the social capital of the NFT asset holder. This is similar to how traditional social media platforms use the number of likes or followers to establish the value of an influencer's social capital, but it is adapted for the web3 and decentralized finance (DeFi) ecosystem.

A proxy pool is a staking pool on Sway Protocol that is created by an individual or a project and is paired with their wallet holding NFTs. Other users can stake tokens in the proxy pool to earn rewards based on NFT revenue and royalties.

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Theta (THETA) is a blockchain powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch.

Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.

Developers say that the project aims to shake up the video streaming industry in its current form — centralization, poor infrastructure and high costs mean that end users often end up with a poor experience. Content creators likewise earn less revenue due to the barriers between them and end users.

The Theta team has created a customer-centric business plan for their growing ecosystem of services focused on esports, music, TV, movies, and education. The list of Theta Network partners includes video platforms like Samsung VR, Cinedigm, Shout! Factory, Pandora.tv, Play Labs, and THETA.tv.

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