Livepeer to Host Meetup in New York on February 28th

Livepeer is organizing an interactive session on the future of real-time AI video workflows in New York on February 28th from 20:30 to 21:30 UTC.The event will focus on advancements in real-time video AI, highlighting developments in AI-powered video processing and workflow optimization. Refer to the official tweet by LPT: 📢 Reminder: Real-Time Video AI @ GenART NYU is happening this Friday in NYC!Join us for an interactive session on the future of real-time AI video workflows.📅 Feb 28 | 3:30-4:30 PM EST🔗 Register now & bring your laptop with installed!LPT InfoLivepeer is a decentralized protocol, leveraging the Ethereum blockchain to democratize the field of video processing. It provides an avenue for any participant to integrate video content into applications with a level of efficiency and cost-effectiveness that is superior to traditional solutions.Livepeer’s operation hinges on the principle of decentralized video processing, achieved by distributing transcoding tasks among a network of node operators. Transcoding is the crucial process of converting raw video files into an optimal format for each end user, factoring in variables like screen size and internet connectivity. This mechanism ensures an uninterrupted delivery of video content. The use of game theory, cryptoeconomic incentives, and smart contracts underpins Livepeer’s ability to foster a secure, reliable, and economical system of video processing.Livepeer“s native asset, the Livepeer token (LPT), plays a pivotal role in the network”s functioning. As an ERC-20 token, it not only ensures the network’s security but also equitably distributes video processing tasks among participants. Furthermore, it encourages active participation by incentivizing network roles. The stability, security, and robustness of the network scale in proportion to the amount of LPT committed to it.