Coinbase Ventures Supports Ethereum-Based Streaming Network
This year has been fundamental for the success of projects that run on blockchain. Livepeer, an Ethereum-based video streaming network that shares the limelight Announced had raised $ 20 million in a Series B funding round.
Led by Digital Currency Group, Livepeer’s funding featured large venture capitalists including Coinbase Ventures, CoinFund, Northzone, 6th Man Ventures, and Animal Ventures. According to the announcement, the latest funding from Livepeer will be used to create an internal protocol for experimenting with live streaming use cases such as scene classification, object recognition, song title detection, and video fingerprints.
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