Livepeer Network Sees Significant Growth and Community Support in Q1 2024

馃殌 Livepeer's Soaring Growth...

By Livepeer
Apr 29, 2024, 7:17 PM
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The latest report from Messari Crypto highlights the impressive growth and community support for the Livepeer network in Q1 2024.​ Network usage increased by 31% quarter-over-quarter, hitting all-time highs due to increasing adoption of Livepeer Studio by livestreaming platforms.​ The community has approved proposals to enhance AI video compute capabilities and improve network accessibility through initiatives like the Livepeer Cloud.​ Demand-side revenue from transcoding fees climbed 22% in USD terms, while staking rewards grew by 123% in USD terms, reflecting strong community support through staking.​ The report showcases the progress made by the Livepeer community in shaping a robust, innovative, and decentralized video infrastructure.​

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Livepeer Network Fees Sustain Record Highs Amid AI Video Demand

Livepeer Network Fees Sustain Record Highs Amid AI Video Demand

**Livepeer network fees remain at near all-time highs** for several consecutive weeks, marking a sustained period of elevated activity. **Real-time AI video workloads** are driving this consistent demand on the decentralized video infrastructure protocol. - High-value AI applications continue generating substantial network usage - Orchestrators and delegators benefit from increased fee revenue - Sustained demand indicates growing adoption of AI-powered video processing This extended period of peak fees suggests **AI video processing has become a core use case** rather than experimental technology on the network.

LiveInfra SPE Proposal Passes, Enhancing Community Arbitrum Node

The **LiveInfra SPE proposal** successfully passed in July, marking a significant improvement for Livepeer's infrastructure. **Key Benefits:** - Free, reliable RPC access for Livepeer builders - Enhanced uptime and redundancy - Improved overall performance - Strengthened Community Arbitrum Node This development represents a **win for public goods** and significantly improves the developer experience within the Livepeer ecosystem. [Learn more about the proposal](https://explorer.livepeer.org/treasury/89690565274730813167725199089218501482598292396441811487282955737191819879878)

Daydream Launches Real-Time Video AI Platform on Livepeer

**Daydream**, a new open-source platform for real-time video-to-video AI transformations, has launched on Livepeer's decentralized infrastructure. The platform enables real-time AI video processing and is now live at [daydream.live](https://daydream.live). Key features: - Community-powered development - Open source architecture - Built on Livepeer's decentralized network - Real-time video AI capabilities Livepeer is supporting this initiative through delegator workshops and network infrastructure support. *Try the early preview to explore real-time AI video transformations.*

Livepeer Fireside: AI Video Innovation Updates

Peter from AI SPE discusses the evolution of real-time AI video on Livepeer in the latest Fireside episode. Key developments include: - Transition to Bring Your Own Container (BYOC) architecture - Introduction of ComfyStream for customizable AI pipelines - New community-driven development approach This follows recent episodes featuring UFO's decentralized radio integration and earlier discussions with Streamplace, ORIGIN STRIES, and Eliza agents about AI-powered video innovations. [Watch the full episode](https://youtu.be/wFSs8kfvsYA)

Livepeer Unveils Real-time AI Video Vision

Livepeer cofounder Doug Petkanics outlines the network's expansion into real-time AI video processing. The initiative promises to enable live video manipulation as simple as typing ChatGPT prompts. Key developments: - Network aims to provide ultra-low latency, heavy compute, and global reach - New features include AI VTubers, interactive livestreams, and real-time translation - Daydream platform launches as proof-of-concept - Treasury funding supports development of new applications The network expects significant increase in usage fees for node operators and delegators through AI video processing capabilities. [Try Daydream](https://daydream.live/) [Read Full Article](https://blog.livepeer.org/daydream-live-a-glimpse-into-the-future-of-realtime-ai-video-on-livepeer/)