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Coinbase Ventures supports a streaming network based on Ethereum

This year is the foundation for the success of projects running on the blockchain. Sharing the limelight is Livepeer, a video streaming network based on Ethereum, Announce It raised US$20 million in Series B financing.

Under the leadership of Digital Currency Group, Livepeer’s funds have received participation from large venture capitalists, including Coinbase Ventures, CoinFund, Northzone, 6th Man Ventures and Animal Ventures. According to the announcement, Livepeer’s latest funds will be used to build internal protocols to test live broadcast use cases, such as scene classification, object recognition, song title detection, and video fingerprinting.