{"id":6898,"date":"2021-07-30T16:09:25","date_gmt":"2021-07-30T15:09:25","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=6898"},"modified":"2021-07-30T16:16:05","modified_gmt":"2021-07-30T15:16:05","slug":"livepeer-raises-about-20-million-from-its-series-b-funding","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/livepeer-raises-about-20-million-from-its-series-b-funding\/","title":{"rendered":"Livepeer raises about $20 million from its series B funding"},"content":{"rendered":"\n
Funds from Livepeer\u2019s $20-million Series B fun<\/a>ding, will be used to develop an in-house protocol to test broadcast use cases like scene classification, object recognition, song title detection, and video fingerprinting. <\/h5>\n\n\n\n
\"Livepeer<\/figure>\n\n\n\n

The success of Ethereum-based projects \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>has been built on the foundation of this year. Livepeer, an Ethereum-based video streaming network, is also in the spotlight, having raised $20 million in a Series B fundraising round.<\/p>\n\n\n\n

Large venture capitalists like as Coinbase Ventures, CoinFund, Northzone, 6th Man Ventures, and Animal Ventures joined the fundraising for Livepeer, which was led by Digital Currency Group.<\/p>\n\n\n\n

According to the statement, Livepeer's new financing will be used to develop an in-house protocol to test broadcast use cases like scene classification, object recognition, song title detection, and video fingerprinting.<\/p>\n\n\n\n

Northzone previously led the institutional investment round for Livepeer, raising $8 million. The company now operates a network of 70,000 graphics processing units to support Web 3.0 technologies.<\/p>\n\n\n\n

The amazing 15 percent price increase of Livepeer's LPT token accompanying Bitcoin's (BTC) bullish<\/a> wave was recently highlighted by Cointelegraph.<\/p>\n\n\n\n

According to PricewaterhouseCoopers crypto head Henri Arslanian, increasing values of crypto enterprises are leading smaller investors to miss out on the latest advancements, according to a recent report from Cointelegraph.<\/p>\n\n\n\n

When it comes to large-scale VC investments, Arslanian says that smaller investors used to be involved in early-stage startups with a valuation of $5 million to $20 million. On the other hand, he went on to say,<\/p>\n\n\n\n

\u201cIf your minimum ticket size is around $50 million, there aren\u2019t that many companies that have that status yet.\u201d<\/p><\/blockquote>\n\n\n\n

FTX, a well-known crypto exchange, has also received significant VC money, boosting its worth by 1,400 percent. Since then, FTX has received investments<\/a> from VC titans including as Multicoin, VanEck, Paul Tudor Jones, Softbank, Sequoia Capital, and Coinbase Ventures, bringing its total worth to $18 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Funds from Livepeer\u2019s $20-million Series B funding, will be used to develop an in-house protocol to test broadcast use cases like scene classification, object recognition, song title detection, and video fingerprinting. The success of Ethereum-based projects has been built on the foundation of this year. Livepeer, an Ethereum-based video streaming network, is also in the […]<\/p>\n","protected":false},"author":12,"featured_media":6900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[150,128,1648,1863],"class_list":["post-6898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news","tag-coinbase","tag-ethereum","tag-fundraising","tag-livepeer"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/Livepeer-raises-about-20-million-from-its-series-B-funding-1.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/6898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=6898"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/6898\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/6900"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=6898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=6898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=6898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}