Livepeer Network Sees Significant Growth and Community Support in Q1 2024
Livepeer Network Sees Significant Growth and Community Support in Q1 2024
馃殌 Livepeer's Soaring Growth...

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.
馃搱 The latest report from @MessariCrypto on Livepeer鈥檚 Q1'24 shows a 31% QoQ growth in network usage, hitting all-time highs, thanks to increasing adoption of Livepeer Studio by livestreaming platforms. 馃У馃憞
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/)