What is Livepeer (LPT)

1. Project Introduction
Livepeer, launched in 2017, is the first fully decentralized live video streaming network protocol. The platform aims to serve as a viable alternative to centralized broadcasting solutions for both new and established broadcasters, leveraging blockchain for cost efficiency.
Summary:
Founded in 2017, Livepeer operates as a protocol designed for decentralized video streaming. It consists of a peer-to-peer (P2P) infrastructure running on the Ethereum blockchain. The platform seeks to capitalize on the rapidly growing video streaming industry while addressing current infrastructure-related challenges, such as the high cost of streaming and transcoding raw video files. To tackle these issues, Livepeer aims to develop a more scalable and cost-effective streaming solution. Essentially, the Livepeer network functions by transcoding broadcasters' video files into formats suitable for consumption.
2. Team & Investment Info
Doug Petkanics, Founder & CEO - Graduated from the University of Pennsylvania with a degree in Computer Science in 2006. He has been a key member of several major companies, including Groupon and Wildcard. In 2006, he joined Accenture as an analyst, co-founded Hyperpublic in 2010 (later acquired by Groupon), and then co-founded the publishing platform and web browser Wildcard in 2013. Since 2016, he has been the core developer of Livepeer.
Eric Tang, Co-founder - Graduated from Carnegie Mellon University with a degree in Electrical and Computer Engineering. In 2008, he joined Next Jump as a software developer, later becoming a product manager at Clickable in 2010. That same year, he partnered with Doug Petkanics to co-found Hyperpublic. The two later collaborated again to create Wildcard, and eventually, Livepeer.
Funding:
Pre-seed (April 2017): Raised $850K
Seed Round (February 2018): Raised $3M (BoxGroup participated)
Series A (June 2019): Raised $8M (Led by Northzone, with participation from DCG, CoinFund, Compound VC, etc.)
Series B (July 2021): Raised $20M (Led by Northzone, with participation from Coinbase, DCG, Animal Ventures, etc.)
Additional Round (January 2022): Raised $20M (Led by Tiger Global)
3. Social Media URLs
X: https://x.com/Livepeer
Telegram: https://t.me/livepeerorg
Discord: https://discord.com/invite/livepeer
4. Token Info
Token Symbol: LPT
Total Supply: 35,266,456
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0x58b6a8a3302369daec383334672404ee733ab239
Token Distribution:
No specific details on token allocation and vesting schedule.
5. Related Links
Official Website: https://www.livepeer.org/
White Paper: https://github.com/livepeer/wiki/blob/master/WHITEPAPER.md
Other Info: https://forum.livepeer.org/
https://explorer.livepeer.org/