• Livepeer announced the launch of a decentralized video processing network with AI computing capabilities, the Livepeer AI subnet. This subnet will be built on Livepeer's decentralized video processing network architecture, providing globally accessible open video infrastructure and incentivizing scalability through a blockchain-based token economy. The Livepeer AI subnet also allows Livepeer Orchestrator node operators to earn ETH and LPT revenue by deploying GPU resources for AI processing tasks. The Livepeer AI subnet is being rolled out in three phases, with the first phase completed and currently being optimized. Livepeer expects to launch the mainnet in the third quarter of 2024.
• Messari stated that driven by live streaming platforms, the usage of the Livepeer network has increased by 31% month-over-month, reaching an all-time high in the first quarter of 2024. In addition to transcoding, Livepeer also plans to introduce AI video computing capabilities to its network.