Livepeer

Halal Rating :
Comfortable
Last Price $8.0 Last updated:
Rank 163
1D Change 1.61 %
Market Cap $303.78m
Circulating supply 37,937,405
Maximum supply None

Crypto Overview

Categories
  • Media
  • AI & Big Data
  • Distributed Computing
  • Video
  • Ethereum Ecosystem
  • Coinfund Portfolio
  • DCG Portfolio
  • Pantera Capital Portfolio
  • Multicoin Capital Portfolio
  • Web3
  • Arbitrum Ecosystem
  • Harmony Ecosystem
  • Generative AI
  • DePIN

Project Overview

Livepeer is a decentralized video streaming network built on Ethereum. The protocol aims to provide infrastructure for live video streaming and video-on-demand services in a cost-effective and scalable manner. LPT tokens are used to secure the network through staking, where token holders can either run transcoding nodes or delegate their tokens to existing operators.

Utility Assessment

The primary utility of LPT tokens includes: Network security through staking, Governance rights for protocol decisions, Payment medium for video processing services. Token holders who stake LPT receive rewards for contributing computing resources to the network's video transcoding operations.

Current Usage & Adoption

Livepeer has demonstrated real-world adoption with several streaming applications built on its infrastructure. The network has processed millions of minutes of video, showing legitimate utility. Notable partnerships include integration with platforms like Theta Network and The Graph.

Development Activity

The project maintains active development with regular updates to its protocol. GitHub repositories show consistent contributions and improvements to the core infrastructure. The team regularly publishes technical updates and roadmap progress.

Business Model Analysis

The business model focuses on providing decentralized video infrastructure services, which is inherently halal as it involves the exchange of real services for value. There are no interest-bearing mechanisms or gambling elements in the core protocol.

Token Distribution

Initial token distribution included allocations to team members and early investors with standard vesting periods. While there was significant early investor allocation, this doesn't impact the halal nature of the token's utility.

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