On Building A Decentralized Video Infrastructure For Livestreaming

My name is Doug Petkanics and I’m the co-founder of Livepeer. We’re building the world’s open video infrastructure for livestreaming, using Ethereum to decentralize the behind-the-scenes video processing of livestream video feeds. Developers building video applications use Livepeer to power the streaming infrastructure. The total addressable market is growing at a rapid pace: today, 80% of web traffic is already video. And, with people consuming 27% more creator content, that demand continues to increase.

As video resolutions increase and new mediums like VR and AR emerge, the demands on underlying infrastructure will continue to grow explosively. With existing solutions costing $3/hr per stream, it is cost-prohibitive for startups and companies to grow profitably. Our network gets that down to pennies, which gives companies far more solid financial footing for growth.

We’re witnessing the growth in live-streaming applications firsthand, as 2021 has been a banner year. Our network now includes operators with enough transcoding capacity to handle the realtime workload of all the major social streaming sites. Since September 2021, we’re also now transcoding an Sorry, you need to login and/or become a member to view the rest of this content.