As the price fluctuations on cryptocurrencies continue, the industry continues to receive large investments in the background.
Most recently, the decentralized video platform Livepeer, built on the Ethereum blockchain, raised $20 million in a series of funding round.
It is noteworthy that billionaire Alan Howard is among the investors of Livepeer.
Other investors participating in the round were Tiger Global, Digital Currency Group, Northzone and Warburg Serres.
Livepeer went on a funding round 5 months ago and raised $20 million again.
Speaking to The Block, CEO Doug Petkanics said that this round is an equity round and that Livepeer has raised a total of $51 million to date.
The said additional capital is planned to be used to expand its market share.
Livepeer plans to expand its capacity in the future, including video NFT support.
After the news was heard, LPT was premium by 10%, while it was seen that the increase was close to 20% on a daily basis.
