A Look at Livepeer's Developments

May 26, 2022, 1:37PM EDT

• 12 min read

Track live crypto price of 10000+ coins!

Quick Take

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.

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here