May 26, 2022, 1:37PM EDT
• 12 min read
- Livepeer is a video streaming network built on the Ethereum blockchain to provide video transcoding infrastructure.
- The recent successful migration to Arbitrum has allowed greater profitability and efficiency of operations between network orchestrators and delegators.
- Usage metrics on Livepeer have been encouraging, with a 573% increase in transcoding service usage and 68% increase in transcoding revenue year-on-year.
- Fresh investor funding and continued community engagement are catalysts for the continued growth of the Livepeer network moving forward.