💡 Project idea
Livepeer is an open-source decentralized protocol aimed at providing cost-effective and transparent solutions for streaming video online using blockchain and Web3 technologies.
Instead of relying on expensive centralized servers like YouTube or AWS, Livepeer allows users to participate in running the network by providing their computing power.
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👨💻 Team
Livepeer was founded in 2017 by Doug Petkanics and Eric Tang, who are pioneers of Web3.
The team includes experts in blockchain technologies, video encoding, and artificial intelligence.
The project is supported by major investors such as: Coinbase Ventures and Digital Currency Group.
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✨ Features of Livepeer
⚡️ Significant reduction in video streaming costs compared to traditional services.
🛠️ Open-source architecture that enables developers to easily build decentralized video applications.
🗳️ Community governance via $LPT token.
♻️ Incentivizing participants through a "run and reward" model.
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📊 Market performance of the token
Token symbol: LPT
All-time high price: $100.24
Current price: around $20.3 (June 2025)
Market cap: exceeded $500 million
Ranked by value: within the top 150 tokens
🟢 Recently, $LPT has shown exponential growth due to a return to decentralized infrastructure projects.
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🤝 Notable Partnerships
🔗 Technical partnership with The Graph to improve data discovery.
🎮 Collaboration with Web3 projects in gaming and live broadcasting.
☁️ Integration with cloud Web3 networks like Filecoin and Arweave for video storage.
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🧠 Summary
Livepeer not only offers a protocol for streaming… but establishes a real revolution in the world of digital video!
⚙️ A project that combines performance, cost, and decentralized computing – and can play a pivotal role in the future of decentralized YouTube.