This helps show the world how powerful generative video can be, and progress on open models is moving faster than ever. But generating these videos requires… https://t.co/srd1TkV3bY
— Livepeer (@Livepeer) February 15, 2024
Livepeer, an open live video streaming protocol, says this initiative is part of its goal of making video creation affordable for developers and creators. The Livepeer team is optimistic that these AI capabilities will be live on the decentralized video platform in coming months.
“As part of Livepeer’s AI Video initiative, the community is working to bring these capabilities to the Livepeer network in the coming months, creating affordable and open access points to developers, creators, and users looking to do inspiring things with generative video,” a post on the Livepeer X account reads.
LPT price surges after Livepeer news
The price of Livepeer’s native token LPT soared more than 80% on Friday, reaching intraday highs of $14.87 across major crypto exchanges. According to data from CoinGecko, the coin’s trading volume rose a staggering 3,300% in 24 hours, with over $495 million traded.
A spike in market activity also saw SingularityNET (AGIX) soar, with the AI token hitting $0.42. The more than 25% increase in SingularityNET’s price was helped by a 520% jump in daily trading volume. The artificial intelligence market cap rose 8% to over $13.5%.
