Short answer: Yes, it’s possible to stream live via an IP camera.
At Dacast, we have a number of broadcasters who use this option, instead of choosing to stream live via a USB or standard webcam.
However, do note that streaming with an IP camera does require a certain level of encoder. If you are looking to stream live from a software encoder (rather than hardware encoder), the Wirecast encoding software supports IP cameras.
Therefore, we recommend using the Wirecast free trial encoder with the Dacast service. That way, you can test out whether or not this software/streaming platform combination will meet your needs before you commit to live streaming like this.