On March 7 leading asset manager Grayscale announced launching five altcoin trusts. Livepeer (LPT) was among them.
The Livepeer protocol is a decentralized live video infrastructure powered by Ethereum. It has a native token LPT over which all the payments are done. Besides, holders can stake the token to receive rewards or take part in the protocol's governance.Livepeer went live on May 1, 2018, on Ethereum’s Mainnet.
As video streaming is very common nowadays, the amount of content shared on the network is increasing. Recently, the Chief Technology Officer of the network Eric Tang informed via Twitter that more than 1,600,000 minutes of original content were produced and streamed on the platform in the prior 30 days.