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Livepeer is a video streaming network built on the Ethereum blockchain to provide video transcoding infrastructure.
The recent successful migration to Arbitrum has allowed greater profitability and efficiency of operations between network orchestrators and delegators.
Usage metrics on Livepeer have been encouraging, with a 573% increase in transcoding service usage and 68% increase in transcoding revenue year-on-year.
Fresh investor funding and continued community engagement are catalysts for the continued growth of the Livepeer network moving forward.
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