March 17, 2021, 6:54AM EDT
• 8 min read
Livepeer: a dark horse in the decentralized compute stack?
- 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