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IPFS, why haven't we seen video streaming services?
(hackertalks.com)
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There's this project: https://watchit.movie/#/ https://github.com/ZorrillosDev/watchit-app
I never got to try it, but they are doing exactly what you want it seems. I don't know how much of their backend they have open-sourced, though. I definitely need to research this more.
They do have a matrix channel and a fediverse presence, so they already look quite alright from the start, and the project is very interesting.