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The objective of the project is to enable NFTs to be minted in real-time, from livestream video.
Enable creators of livestreaming content to automatically mint NFTs of video content they are streaming.
The objective of the project is to enable NFTs to be minted in real-time, from livestream video being processed by Livepeer's "Broadcaster" functionality.
The project aims to build on top of Livepeer, use a Layer 2 on Ethereum for minting, and use Swarm or IPFS/Filecoin for storage.
Livepeer's "Broadcaster" is a simple livestreaming server.
It receives livestream video as rtmp, and serves livestream video as hls:
When converting rtmp into hls, the Broadcaster creates a sequence of "segments" of video content.
Each .ts "segment" is around 2 seconds long, and exists for around 10-12 seconds before being gc'd:
This project aims to add functionality to Livepeer's "Broadcaster" to allow these segments of video to be:
a) stored to a decentralised storage network (IPFS/Filecoin or Swarm)
b) minted as NFTs on a Layer 2.
This would enable automated minting of livestream videos as NFTs when livestreaming using a Livepeer "Broadcaster" with this feature enabled.
The good news is that Livepeer "Broadcaster" already has a signing key built in, to be able to connect to Ethereum.
Livepeer (livepeer.org) is a protocol, a live mainnet, a staking token, an open-source software suite, and the video layer of web3 stack, on Ethereum.
The delegated-Proof-of-Stake (dPoS) protocol, launched in May 2018, provides inflation-funding mechanisms to reward for continuous participation in the network.
The mainnet is a production transcoding network, where nodes receive source video, and transcode live video ("resize it" / "squash it") into "more accessible" formats, in sub-real-time, in exchange for streaming fees in ETH.
The staking token is Livepeer Token (LPT), which can be used to curate nodes on the live mainnet, and receive a share of their fees and rewards. This can be done by connecting your wallet to Livepeer's Protocol Explorer.
The open-source software suite is available on Livepeer's Github page, containing stuff for people who like Solidity, golang, javascript, typescript and C.