Proof of Usefulness Report

Livepeer

Analysis completed on 1/25/2026

+634
Proof of Usefulness Score
Category Standard

Livepeer is a well-established, high-utility decentralized video infrastructure protocol with significant market value ($150M+ Market Cap) and verifiable usage (millions of minutes transcoded weekly). However, the project submission itself was of low quality, featuring exaggerated claims ('most people have used my product'), vague audience definitions ('everyone'), and conflated revenue with market cap. Despite the poor submission, the underlying project's real-world utility, technical innovation, and proven market traction warrant a high score.

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Score Breakdown

Real World Utility+237.5
Audience Reach Impact+104.0
Technical Innovation+135.0
Evidence Of Traction+170.0
Market Timing Relevance+90.0
Functional Completeness+10.0
Subtotal+746.5
Usefulness Multiplierx0.85
Final Score+635

Project Details

Project URL
livepeer.org
Description
Livepeer is building the world's open video infrastructure. Developers building video streaming applications can use Livepeer's network to encode live streaming video with high reliability, at a fraction of the price of traditional cloud providers. Livepeer enables this by creating an open marketplace for excess GPU computing power to compete to encode video, and settles payments through an Ethereum blockchain based system.\n\nEvery day the Livepeer team focuses on solving hard problems in video focused software engineering, Ethereum and blockchain based development, P2P networking, and more. Everything we build is open source by default, and we have a remote-first engineering team culture and workflow.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline