June Roundup — Livepeer sets transcoding records, LPT lists on Coinbase, and more
June has been a busy month for Livepeer on all fronts.
On the 24th, Coinbase and sister platform Coinbase Pro became the latest major exchanges to list LPT, further evidence of Livepeer’s growing momentum with both streaming developers and crypto communities. LPT’s inclusion on Coinbase, one of the world’s largest and most trusted crypto trading hubs, comes on the heels of recent listings on Binance, Liquid, KuCoin, Gemini, and Kraken.
This success has reinforced the Livepeer projects’s dedication to its core purpose — becoming the preeminent distributed video streaming infrastructure in the industry. Livepeer took a major step toward that goal this month, setting an important milestone in a key metric: network usage by streaming app developers.
Specifically, in the seven-day stretch ending June 12th, Livepeer Orchestrators processed a record 2.3 million minutes of raw video, more than doubling throughput in a single month. While some fluctuation is inevitable, this sharp growth is a clear demonstration that more and more broadcasters are taking advantage of Livepeer’s low-cost, high-quality transcoding services.
Finally, June saw the conclusion of ETHGlobal’s Web3 Weekend hackathon, which was underway when last month’s roundup was published. Livepeer’s commitment to the event — sponsoring bounties and hosting workshops — yielded big benefits from the very start, when ETHGlobal used Livepeer technology to stream the kick-off. Most importantly, the intense weekend yielded some impressive work building out tools and capabilities for decentralized streaming technology.
The top four winners were:
1. Content Stream: A broadcast marketplace through which content creators can sell streams as bundles and NFTs.
2. Livestream NFT and minting: A feature that would allow the real-time minting of NFTs from livestream video processed by Livepeer.
3 (Tie). DBS (Decentralized Broadcast & Stream): Functionality that integrates Livepeer’s technology for users of Audius, an open platform for audio creators.
3 (Tie). Huddle: A hack that uses Livepeer’s technology to enable decentralized video conferencing for remote learning.
“We are stunned at the enthusiasm and talent building on Livepeer at the moment,” wrote Eric Tang, Livepeer Co-founder and Chief Technology Officer, of the winners. “From music, to marketplaces, to education, to hackathons themselves — there are creative and useful opportunities to build with decentralized livestreaming.”
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