"The Livepeer network serves as the video infrastructure for developers to power their live streaming applications. Video streaming accounts for more than 80 percent of the bandwidth used by the Internet, and traditional video infrastructure presents a high-cost barrier for startups and developers to build new streaming platforms. Livepeer''s open Web 3.0 video infrastructure provides a platform for the creator economy of live streaming applications that would otherwise run in the ad-supported model of traditional technology platforms.