Livepeer (LPT) is an open-source, decentralized video streaming protocol built on the Ethereum blockchain. Founded in 2017 by Doug Petkanics and Eric Tang, Livepeer aims to lower the cost and increase the transparency of video processing and distribution by decentralizing the infrastructure. The LPT token is used within the network for transaction fees, staking, and governance.
As of writing, LPT has surged by 101.17% in the past 24 hours, making it one of the top-performing assets of the day.
A major South Korean exchange recently announced a new listing for LPT, which likely contributed to the token’s price spike.
