July has been a remarkable month for Livepeer, filled with milestones, innovative developments, and significant community engagements. Here's a comprehensive look at the key highlights and achievements that have marked this month.

Continuous Innovation: Advancing Livepeer AI

As Livepeer keeps building its AI video capabilities, more and more node operators and app builders are onboard and using the alpha. The latest release brings several exciting enhancements:

• Speech-to-Text via Whisper. Seamlessly convert audio to text.

• Stable Diffusion 3 Support. Integration of the SD3 model into Livepeer AI.

• Customization Options. New metrics and customizable inference steps for generative AI media outputs.

These updates provide more tools for developers and orchestrators to create and optimize AI-driven video applications.

Key Stats

The on-chain statistics from the early node operator and app builder groups running the alpha show continuous growth and adoption:

• 27 AI node operators performing jobs.

• Approximately 41,000 Text-to-Image jobs performed.

• Around 6,000 Image-to-Image jobs performed.

• Nearly 20,000 Image-to-Video jobs performed.

• About 2,500 Upscale jobs performed.

• 845 winning AI tickets paid out.

DALL-3: Decentralized AI Demo

DALL -3, a decentralized AI demo built on Livepeer, showcases the innovative applications of Livepeer AI. This demo illustrates how decentralized AI can provide robust, scalable, and cost-effective solutions for video processing and generation.

Recognitions

Livepeer's contributions to the intersection of AI and blockchain continue to gain recognition, leading to significant partnerships and mentions in industry reports.

Inclusion in Grayscale Decentralized AI Fund

Livepeer is proud to be included in Grayscale's new Decentralized AI Fund. This recognition underscores Livepeer's role as a key enabler for the future of AI media through its decentralized GPU network, which performs thousands of AI video compute jobs.

Grayscale Report on AI and Crypto

Grayscale's report on the intersection of AI and Crypto highlights Livepeer as a prime example of a provider of AI compute resources. This acknowledgment reflects Livepeer's commitment to leveraging blockchain technology to advance AI capabilities.

Empowering Innovators: Livepeer Grantees Building the Future

Livepeer continues to support innovative projects through its grants program, fostering creativity and technological advancements in the Web3 space.

ViewFi Grantee

ViewFi has been announced as a recent Livepeer grant recipient. ViewFi is pioneering a video marketing tool for Web3, enabling users to add rewards for their audience and use the ViewFi network to reach Web3 users. Their integration with Livepeer Studio for live streaming promises to drive significant volume and traffic to the network, benefiting the entire ecosystem.

Origin Støries Feature in MusicTech

Origin Støries, another Livepeer grant recipient, was featured in MusicTech for their innovative approach to fan-sourced, AI-generated visuals at live shows. This project allows fans to contribute to the visuals of live performances from anywhere in the world, showcasing the potential of Livepeer's open video infrastructure in creating engaging, interactive experiences.

AI Video Startup Program

The AI Video Startup Program continues to accelerate the development of innovative startups at the intersection of AI and media. Selected teams receive grants, mentorship, and early access to Livepeer's AI video infrastructure, fostering the next generation of AI-powered video applications.Join the AI Video Startup Program now.

Articles

July saw the publication of two impactful articles:

**AI in Media: How Generative AI is Transforming Video Production**This article explores how generative AI is transforming video production, highlighting the capabilities of leading AI video generation models and the role of decentralized networks in democratizing access to AI tools.

**How Open Job Marketplaces are Simplifying AI Compute for Developers**Discusses how decentralized, open job marketplaces can slash the costs of AI compute and shift complexity from developers to the network, making AI more accessible and affordable.

ETH CC in Brussels

Livepeer had a strong presence at ETH CC in Brussels, engaging with the vibrant crypto community and showcasing the potential of decentralized AI and media. The event was an incredible opportunity to connect with key stakeholders, including node operators, partners, and the broader blockchain community.

Highlights from ETH CC include:

• Panel Discussions. Livepeer core team members participated in insightful panel discussions about the future of AI media enabled by open and cost-effective networks like Livepeer.

• Networking. ETH CC was an opportunity to interact and get valuable feedback from Livepeer users streaming the conference and various side events.

• Community Engagement. Meeting orchestrators provided valuable insights and fostered stronger community ties.

Looking Ahead

As we look forward to August and beyond, Livepeer remains committed to pushing the boundaries of decentralized AI and video technology. Stay tuned for more updates, and join Livepeer at our upcoming events, including Token 2049, where there will be a dedicated event to showcase the latest advancements.

Thank you for being part of the Livepeer community and supporting its journey towards building the world's open video infrastructure. Let's continue to innovate and shape the future of decentralized video together!

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