Less than half a year since closing a $20 million Series B funding round, distributed transcoding platform Livepeer has raised another $20 million in Series B-1 financing. This rapid cash injection shows that investors are waking up to the idea of web 3.0 – with Livepeer’s total funding ballooning by 500% to $48 million in a matter of months. In retrospect, Faultline’s interview with Livepeer CEO Doug Petkanics in July 2021 was perhaps ill-timed. Had it taken place only a week later, we would have landed a first-look insight into the company’s first $20 million spending plans, some two years on from its $8 million Series A round. While Petkanics successfully kept that investment under wraps, what we did report…