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Livepeer raises eyebrows with decentralized encoding opportunity

Among the buzzwords creeping into the video ecosystem, decentralized technology continues to represent arguably one of the most disruptive and least understood – with projects cropping up primarily relating to blockchain-based payment methods, reinvented crypto marketplaces and P2P networking. This week though, the term “decentralized encoding” caught our eye as a start-up called Livepeer raised $8 million in Series A funding. Livepeer’s premise is similar on the surface to the vast majority of so-called decentralized systems, providing video infrastructure services based on the open source blockchain-based computing platform Ethereum allowing users to earn money while being an owner in the network itself. Yet Livepeer has apparently identified a crucial gap in the market – the encode compute opportunity targeting cryptocurrency…

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