March 17, 2021, 6:54AM EDT
• 8 min read

Livepeer: a dark horse in the decentralized compute stack?

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

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