In a world where video content dominates the internet, the need for efficient, decentralized streaming infrastructure has never been greater. As Web3 evolves, Livepeer emerges as a pioneer in this space — and this week, LPT takes the spotlight as the token powering the future of on-chain media.
Launched in 2017, Livepeer is a decentralized video infrastructure protocol built on Ethereum, designed to bring scalability, cost-efficiency, and transparency to the world of video streaming.
Today, we will cover the following topics:
– About Livepeer
– How does Livepeer work?
– Key Features
– Technical Analysis
– Why is LPT The Coin of the Week?
About Livepeer (LPT)
What is Livepeer?
Livepeer is an open-source, decentralized protocol that enables scalable, cost-efficient, and censorship-resistant video infrastructure.
Instead of relying on traditional, centralized services to process and deliver video content, Livepeer distributes the heavy computational task of transcoding to a global network of orchestrators who contribute their GPU power in return for token incentives.
By doing so, Livepeer drastically reduces the costs of streaming video, making it an ideal backend solution for live-streaming platforms, decentralized social media, virtual events, and metaverse applications.
Developers can easily integrate video services via the Livepeer Studio suite, while token holders participate in staking, governance, and securing the network.
Dig deeper into LPT whitepaper.
LPT Token
LPT is the utility and governance token of the Livepeer protocol. It plays a central role in coordinating the network, securing it through staking, and distributing rewards fairly.
Token holders can:
– Stake LPT to support orchestrators and earn a share of protocol fees and inflation rewards.
– Participate in governance decisions shaping the network’s future.
– Use LPT to pay for premium video infrastructure services.
LPT has a capped total supply, and its inflation rate decreases over time. By aligning incentives between node operators, stakers, and developers, LPT ensures that Livepeer grows as a decentralized and community-owned protocol.
How does Livepeer work?
Video transcoding — the process of converting raw video files into formats suitable for various devices and bandwidths — is resource-intensive and costly.
Traditional providers like AWS and Google Cloud dominate the market, but they operate through centralized infrastructure with high overhead.
Livepeer changes the game by leveraging a decentralized network of node operators, or “orchestrators”, who provide unused GPU power to perform video transcoding tasks. These orchestrators are incentivized with LPT rewards and fees from video broadcasters.
To ensure quality and security, LPT token holders can delegate their stake to trusted orchestrators, effectively voting with their tokens on who should earn the right to process video.
This model creates a self-sustaining, censorship-resistant system where performance and participation are rewarded.
Key Features and Use Cases
Decentralized Transcoding Network
Harnesses idle GPU capacity across the globe to process video streams cheaply and efficiently.
Token Incentives
Orchestrators earn fees and inflationary rewards in LPT, while delegators share in the earnings by supporting reliable nodes.
AI-Integrated Infrastructure
Ongoing development includes AI-assisted video clipping and moderation tools powered by the Livepeer protocol.
Multi-Chain Presence
Though rooted on Ethereum, Livepeer has expanded across chains like Arbitrum to reduce gas fees and enhance accessibility.
Developer-Friendly
Livepeer Studio offers APIs and SDKs for developers to integrate video capabilities directly into their dApps and platforms.
Technical Analysis
As per our last market outlook, altcoins have been in a correction phase, trading within channel or wedge patterns.
LPT has been trading within a red wedge pattern, indicating a bearish technical outlook.
However, as it approaches the lower bound of the wedge — which intersects with a strong weekly demand zone marked in blue — we will be looking for medium-term long opportunities.
From a long-term perspective, for the bulls to take control and initiate a macro upward impulse, a break above the upper red trendline and the last major high at $8.5 is needed.
Why is LPT The Coin of the Week?
Video streaming accounts for over 80% of global internet traffic — and yet, the infrastructure behind it is still largely controlled by a few tech giants.
Livepeer introduces a Web3-native solution that not only reduces costs but aligns incentives across creators, viewers, and infrastructure providers.
From a technical analysis standpoint, LPT is retesting a weekly demand zone providing investors with an opportunity to hold it at a discount.
This week, we explored LPT, the native token of Livepeer — a decentralized video infrastructure protocol transforming how video is processed and delivered in Web3. By leveraging a global network of orchestrators and idle GPU power, Livepeer drastically reduces streaming costs while enabling censorship-resistant, scalable video services for developers, platforms, and creators building the future of digital media.
Thanks for tuning in to this week’s coin of the week! We appreciate your readership and enthusiasm for exploring the crypto landscape with us.
See you next week for another coin of the week! 🚀
