Livepeer Token (LPT) is the native cryptocurrency of the Livepeer network, a decentralised video infrastructure platform on Ethereum. LPT is used for staking, governance and rewarding participants who contribute computational resources for tasks like video transcoding and AI-driven video processing. Token holders can delegate LPT to orchestrators who perform these tasks and earn a share of network fees and inflationary rewards. LPT also grants governance rights, allowing holders to vote on protocol decisions. The network aims to reduce costs and reliance on centralised services in video infrastructure. Livepeer was co-founded in 2017 by Doug Petkanics and Eric Tang, who previously founded Hyperpublic. Yondon Fu also plays a key technical role. Livepeer supports real-time AI video enhancements, interactive applications and decentralised streaming.