This year has been foundational for the success of projects running on the Ethereum blockchain. Sharing the limelight is Livepeer, an Ethereum-based video streaming network that announced it had raised $20 one thousand thousand in a Series B funding circular.

Led by Digital Currency Group, the funding for Livepeer saw participation from big venture capitalists, including Coinbase Ventures, CoinFund, Northzone, 6th Man Ventures and Animal Ventures. Based on the announcement, Livepeer's latest funding will be used to build an in-house protocol to experiment with livestream use cases, such every bit scene classification, object recognition, song-championship detection and video fingerprinting.

Previously, Northzone led the institutional funding circular and raised $viii 1000000 for Livepeer. The visitor currently runs a network of 70,000 graphics processing units complementing the underlying Web 3.0 technology.

Cointelegraph has recently reported on the impressive 15% price movement of Livepeer's LPT token alongside Bitcoin's (BTC) bullish wave.

Related: Big VCs are sidelining smaller crypto investors, PwC crypto lead says

A recent report from Cointelegraph showed how increased valuations of crypto businesses are causing smaller investors to miss out on the latest innovations, according to PricewaterhouseCoopers crypto atomic number 82 Henri Arslanian.

Reflecting on the large-scale VC investment deals, Arslanian stated that the early on-phase companies with a valuation of $v one thousand thousand–$twenty meg used to see the involvement of smaller investors. On the other hand, he continued:

"If your minimum ticket size is around $50 million, at that place aren't that many companies that have that status yet."

Prominent crypto exchange FTX has besides been at the receiving end of big VC funding, which has inflated its valuation past 1,400%. Ever since, FTX'due south valuation stands at $18 billion subsequently seeing investments from VC giants including Multicoin, VanEck, Paul Tudor Jones, Softbank, Sequoia Capital and Coinbase Ventures.