Learned by 1.5k usersPublished on 2024.03.29 Last updated on 2025.04.02
Tokens
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/