[PRESS RELEASE – Bangalore, India, September 26th, 2024]
The Huddle01 decentralized Real-Time Communications Network is a multi-sided network with Media Nodes, suppliers 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 is setting new standards in decentralized communication, offering a robust and efficient solution to the challenges faced by traditional real-time communication (RTC) providers. Since 2023, Huddle01 has hosted 6 million minutes for more than 100,000 events.
The first dRTC Network
Huddle01 is the first Decentralized Physical Infrastructure Network (DePIN) for RTC or audio/video conferencing. Huddle01 coordinates unused internet bandwidth through node operators to enable seamless audio-video communication via its innovative decentralized, or dRTC network.
Unlike most DePINs, Huddle01 is built from the demand side, addressing the high operational costs and geographical latency issues faced by centralized RTC networks. Founded during Covid-19 as Indian schools moved online, Huddle01 replaced centralized communication systems, which route calls through distant servers — often halfway across the world — causing significant delays and poor performance for video conferencing.
By reducing the 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 and high-performance communication.
Huddle01’s app layer Huddle01 Meet integrates Web3-native tools, allowing users to connect wallets, use NFT profile pictures as avatars, and host token-gated meetings. Video recordings can be securely stored on the InterPlanetary File System (IPFS), emphasizing 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 in RTC and 5+ years of token engineering. Key leadership positions at Huddle01 are held by alumni of BlockScience, ConsenSys, Polygon, Cardano, Persistence, CoinDCX, and Guardian Link.
Nodes lead to improved latency
Huddle01 Media Nodes – the atomic unit of Huddle01’s dRTC network – provide the necessary bandwidth to encode, decode and route audio/video packets for uninterrupted audio and video communication across the globe.
“Google Meets and Zoom streams 300 million minutes per day. If Huddle01 captures just 1-5% of this market in the next 12 months, we would have triggered the highest web3 adoption ever.” CTO Susmit Lavania explained.
While latency issues, or lags and glitches, in the developing world hinder innovation, in truth, they hinder productivity everywhere. Distance education, streaming, gaming and healthcare can all be improved by better internet services.
“These nodes will power a network that already outperforms the incumbent web2 competitors on 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 for consumers and businesses will only grow. Node operators are incentivized to run a node, allowing them to create more value for themselves but more importantly, they can actually notice the improvement in latency in all their applications,” added Ranjan.
Huddle01: Revolutionizing Real-Time Communication with DePIN
Huddle01 Media Node Sale features
- 46,900 Huddle Media Nodes are available with pricing starting at $320
- Huddle01 will be doing its Node Sales in 2 Phases
- Phase 1 will consist of 20,000 nodes to be sold from the November 6th Whitelist and a Public Sale on November 8
- Phase 1 sale participants are eligible for 2x rewards than Phase 2 participants
- Minimum requirement to run the node is a ~250 Mbps Internet connection, however buyers can also delegate to minimize operating expenses
- The testnet will launch 2 weeks after the sale completes, with node operators earning up to 5 $HUDL per day during the testnet
- 21% of total TGE supply (200M $HUDL) will be offered as rewards for active nodes during the testnet phase, with immediate vesting and 5% unlocked at TGE
Key dates
- Whitelist Opens – 9th October
- Whitelist Sales – 6th November
- Public Sales – 8th November
More details about the public node sale launching on 6th November can be found here, including how to whitelist: HERE.
-END-
About Huddle01
Huddle01 is a decentralized real-time communication (dRTC) network for audio and video streaming – DePIN for RTC – that has clocked in 6 million+ minutes of meetings to date. The dRTC network eliminates the dependency on centralized servers for real-time communication across the globe.
Huddle01 is democratizing connectivity over cyberspace by enabling people to access best in class bandwidth without relying on local physical infrastructure. The network has raised $6M to date and is backed by marquee angels like Balaji Srinivasa, Stani Kulechov and leading VC funds like Hivemind, Protocol Labs, Superscrypt, Consensys and others.
Huddle01 makes it possible to build high-quality audio/video applications in minutes. Leveraging its suite of SDKs, multiple web3 applications have integrated the composable Huddle01 SDKs as their video communication layer. The infrastructure (developer SDKs) has been utilized by 100 projects including Lens Protocol, Solana, and CyberConnect. Soon Huddle01 will be onboarding 1.5M active users to their dRTC network with upcoming integrations.
To learn more visit, www.huddle01.com | Twitter | Website | Medium
The post Huddle01 to Launch Node Sale to Expand its Video Network, After Hosting 6 Million Minutes of Meetings appeared first on CryptoPotato.
