Livepeer (LPT) is a decentralized video streaming platform built on the Ethereum blockchain, enabling scalable video applications by utilizing a network of node operators for video transcoding and AI processing tasks.

Livepeer operates through a decentralized network of orchestrators and delegators that help process and transcode video. It uses blockchain technology to reward participants and secure the network using the LPT token.

Livepeer is unique due to its decentralized nature, providing an efficient and cost-effective alternative to traditional centralized video streaming services. It also supports AI processing tasks, expanding its use cases.

LPT tokens can be traded on centralized exchanges like Binance, where the most active trading pair LPT/USDT has a trading volume of $70.53 million in the last 24 hours.

Livepeer offers a decentralized and scalable infrastructure for video applications at a fraction of the cost of centralized solutions. It also enables the monetization of unused computational resources.

LPT tokens can be stored in any ERC-20 compatible wallet, including MetaMask, Trust Wallet, and hardware wallets like Ledger and Trezor.

As of December 4, 2024, Livepeer has a market cap of approximately $470.99 million and a 24-hour trading volume of $70.53 million. As with any investment, it is essential to conduct thorough research and consider market volatility.