Coinbase Ventures backs Ethereum-based streaming community

This 12 months has been foundational for the success of tasks working on the blockchain. Sharing the limelight is Livepeer, an Ethereum-based video streaming community that introduced it had raised $20 million in a Collection B funding spherical.

Led by Digital Forex Group, the funding for Livepeer noticed participation from giant enterprise capitalists, together with Coinbase Ventures, CoinFund, Northzone, sixth Man Ventures and Animal Ventures. Based mostly on the announcement, Livepeer’s newest funding will probably be used to construct an in-house protocol to experiment with livestream use circumstances, corresponding to scene classification, object recognition, song-title detection and video fingerprinting.