Livepeer is a decentralized network for video infrastructure, supporting both live and on-demand streaming. It operates as a distributed marketplace where users can access various video streaming services, including transcoding and AI video processing. The AI video processing capabilities include tasks such as video upscaling, automatic subtitling, and object recognition.

Infrastructure providers contribute to the network by supplying compute resources, which are used to fulfill video streaming requests from users or developers. These providers earn fees for their contributions. The decentralized model allows for a distributed approach to video streaming services.