Bangalore, India, September 26, 2024, Chainwire
The Huddle01 decentralized real-time communications network is a multi-sided network with media nodes, providers of dRTC bandwidth for participants and consumers of audio/video meetings.
On November 6, 2024, Huddle01, a leading decentralized real-time communications layer, will launch its media node sale. Huddle01 sets new standards in decentralized communications, providing a robust and efficient solution to the challenges faced by traditional real-time communications (RTC) providers. Since 2023, Huddle01 has hosted 6 million minutes for over 100,000 events.
The first dRTC network
Huddle01 is the first decentralized physical infrastructure network (DePIN) for PSTN or audio/video conferencing. Huddle01 coordinates unused internet bandwidth through node operators to enable seamless audio-video communication through its innovative decentralized network or dRTC.
Unlike most DePINs, Huddle01 is built on the demand side, addressing the high operational costs and geographic latency issues faced by centralized PSTN networks. Founded during Covid-19 as Indian schools went online, Huddle01 replaced centralized communications systems, which routed calls through remote servers – often halfway around the world – leading to significant delays and poor performance for video conferences.
By reducing reliance on centralized data centers, Huddle01 also minimizes developers’ server costs for audio and video calls by up to 95% compared to AWS, ensuring cost-effective, high-performance communication.
Huddle01’s application layer, Huddle01 Meet, integrates native Web3 tools, allowing users to connect wallets, use NFT profile photos as avatars, and host token-secured meetings. Video recordings can be securely stored on the Interplanetary File System (IPFS), highlighting the platform’s commitment to decentralization and security.
Led by CEO and Co-Founder Ayush Ranjan and Co-Founder and CTO Susmit Lavania, Huddle01 has an experienced team with 15+ years of RTC experience and 5+ years of token engineering. Key leadership positions at Huddle01 are held by alumni from BlockScience, ConsenSys, Polygon, Cardano, Persistence, CoinDCX and Guardian Link.
Nodes improve latency
Huddle01 media nodes – the atomic unit of Huddle01’s dRTC network – provide the bandwidth needed to encode, decode and route audio/video packets for uninterrupted audio and video communication across the globe.
“Google Meets and Zoom broadcast 300 million minutes per day. If Huddle01 captured just 1-5% of this market over the next 12 months, we would have unleashed the highest adoption of Web3 ever. CTO Summit Lavania explain.
Although latency issues, or delays and glitches, in developing countries hinder innovation, in reality they hinder productivity everywhere. Distance learning, streaming, gaming, and healthcare can all be improved with better internet services.
“These nodes will power a network that already outperforms legacy Web2 competitors in terms of latency where there is a large cluster of nodes, and is capable of improving lags across the globe,” says Ayush Ranjan, CEO of Huddle01.
“We are excited to launch this node sale because as we sell more nodes, the benefits to consumers and businesses will only increase. Node operators are incentivized to run a node, allowing them to create more value for themselves, but more importantly, they can actually notice the latency improvement across all their applications. added Ranjan.
Huddle01: Revolutionizing real-time communication with DePIN
Huddle01 Media Node Sales Features
- 46,900 Huddle Media nodes are available at a price starting at $320
- Huddle01 will carry out its node sales in 2 phases
- Phase 1 will include 20,000 nodes that will be sold starting from the November 6 whitelist and a public sale on November 8.
- Phase 1 sale participants are eligible for 2x the rewards of Phase 2 participants.
- The minimum requirements to run the node is an internet connection of around 250 Mbps, but buyers can also delegate to minimize operating expenses.
- The testnet will launch 2 weeks after the sale ends, with node operators earning up to $5HUDL per day during the testnet.
- 21% of TGE’s total supply ($200M HUDL) will be offered as a reward for active nodes during the testnet phase, with immediate vesting and 5% unlocked at TGE
Key dates
- Opening of the whitelist – October 9
- Whitelist Sales – November 6
- Public sales – November 8
More details on the public node sale launching on November 6 can be found here, including how to whitelist: HERE.
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About Huddle01
Huddle01 is a decentralized real-time communications network (dRTC) for audio and video streaming – DePIN for RTC – that has recorded over 6 million minutes of meetings to date. The dRTC network eliminates reliance on centralized servers for real-time communication across the globe.
Huddle01 democratizes connectivity across cyberspace by allowing users to access best-in-class bandwidth without relying on local physical infrastructure. The network has raised $6 million to date and is backed by big-name investors like Balaji Srinivasa, Stani Kulechov and leading venture funds like Hivemind, Protocol Labs, Superscrypt, Consensys and others.
Huddle01 allows you to create high-quality audio/video applications in minutes. Leveraging its SDK suite, several web3 applications have integrated Huddle01 composable SDKs as a video communications layer. The infrastructure (development SDK) has been used by 100 projects, including Lens Protocol, Solana and CyberConnect. Soon, Huddle01 will onboard 1.5 million active users on its dRTC network with integrations to come.
To learn more, visit www.huddle01.com | Twitter | Website | AVERAGE
Contact
Senior Public Relations Manager
Patrick Kennedy
Serotonin
patrick@serotonin.co
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