Altcoin project Livepeer (LPT), backed by Coinbase Ventures and Digital Currency Group, is on the rise after one month of major milestones. cryptocoin.com You can find the details of Livepeer’s COLLIDE event, which we have transferred as, here. We continue with the details.
First fully decentralized live video streaming protocol: Livepeer (LPT)
Ethereum-based video streaming project Livepeer (LPT) has risen to ATH of $100.24 today, gaining more than 152% in a 24-hour period. Livepeer offers “scalable and cost-effective” solutions for online video creators. The project’s official website says:
Livepeer is a scalable Service Platform for developers who want to add live or on-demand video to their projects. It aims to improve the reliability of video streaming and reduce the associated costs by up to 50 times.
To achieve this, Livepeer is building a P2P (peer-to-peer) infrastructure that interacts through a marketplace secured by the Ethereum Blockchain. In October, the company acquired media server MistServer, released its first NFT, and hosted COLLIDE, the “first concert with live NFT minting.” MistServer, on the other hand, aims to reinforce Livepeer’s primary goals of being scalable, cost-effective and reliable.
$31 million investment by Coinbase and Digital Currency Group
Livepeer has raised $31 million in funding from more than a dozen investors, including crypto industry giants Coinbase Ventures and Digital Currency Group. The project was established in 2017 to address the bandwidth and transcoding cost for video on the internet. It was launched on the Ethereum network in May 2018.
LPT price, on the other hand, is currently breathing around $63.73 after reaching $100.24 ATH in the past hours. Livepeer is now the 92nd largest altcoin project by market cap.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.