Quick Take
Livepeer is a protocol for decentralized video streaming. The project has raised a total of $11 million. Investors include Northzone, Multicoin Capital, and Digital Currency Group (among others)
The primary argument in favor of Livepeer is that it can cut video streaming costs by bringing a latent supply of GPU miners to live video transcoding
After a quiet period, Livepeer may be starting to see demand — 350k minutes of streaming in the past week and e.g. a new video streaming platform File.Video built on Livepeer and IPFS
This research piece is available to
members of The Block Genesis.
You can continue reading
this Genesis research on The Block.
