Huddle01 to Launch Node Sale to Expand Its Video Network After Hosting 6 Million Minutes of Meetings, by Chainwire

Bangalore, India, September 26th, 2024, Chainwire

The Huddle01 decentralized Real-Time Communications Network is a multi-faceted platform featuring Media Nodes that supply dRTC bandwidth for participants in audio and video meetings.

On November 6, 2024, Huddle01 will launch its media node sale, establishing itself as a leader in decentralized real-time communications. The platform is redefining standards in the industry by providing a powerful and efficient alternative to the challenges posed by traditional RTC providers. Since its inception in 2023, Huddle01 has facilitated over 6 million minutes of meetings across more than 100,000 events.

The First dRTC Network

Huddle01 stands as the pioneering Decentralized Physical Infrastructure Network (DePIN) for RTC, enhancing audio and video conferencing experiences. The platform coordinates underutilized internet bandwidth through node operators, promoting enhanced audio and video communication through its innovative decentralized network.

In contrast to many DePINs, Huddle01 is constructed from the demand side, specifically tackling the steep operational costs and latency issues that plague centralized RTC networks. Founded during the COVID-19 pandemic, Huddle01 emerged in response to the transition of Indian schools to online learning, providing a more efficient alternative to centralized communication systems that often route calls through distant servers, resulting in considerable delays and low-quality video conferencing.

By diminishing the dependency on centralized data centers, Huddle01 significantly lowers developers’ server costs for audio and video calls, achieving savings of up to 95% compared to traditional cloud hosting services, thereby ensuring both cost-effectiveness and high-performance communication.

Huddle01’s application layer, Huddle01 Meet, integrates Web3-native features, such as wallet connectivity, NFT profile pictures for avatars, and token-gated meetings. Additionally, video recordings can be securely stored on a decentralized file system, reinforcing the platform’s focus on decentralization and security.

Led by CEO and Co-Founder Ayush Ranjan, along with Co-Founder and CTO Susmit Lavania, the Huddle01 team possesses over 15 years of combined experience in RTC and more than five years in token engineering. The leadership comprises alumni from notable companies in the blockchain and technology sectors.

Nodes Enhance Latency

Huddle01 Media Nodes serve as the essential unit of Huddle01’s dRTC network, supplying the required bandwidth to encode, decode, and route audio and video data for seamless communication worldwide.

“Platforms like Google Meets and Zoom stream approximately 300 million minutes per day. If Huddle01 captures even 1-5% of this market within the next year, we could see the most significant web3 adoption to date,” explained CTO Susmit Lavania.

Latency issues in developing regions, as well as around the globe, hamper innovation and productivity in various sectors, including distance education, streaming, gaming, and healthcare.

According to Ayush Ranjan, “These nodes will power a network that already outperforms existing web2 competitors on latency in areas with a dense cluster of nodes, and has the potential to enhance performance globally.”

Ranjan further noted, “We are thrilled to initiate this node sale. As we introduce more nodes, both consumer and business benefits will continue to expand. Node operators are motivated to run a node, fostering greater value for themselves while actively observing improvements in latency across all applications.”

Huddle01: Pioneering Real-Time Communication with DePIN

Huddle01 Media Node Sale Features:

• A total of 46,900 Huddle Media Nodes are available, starting at $320 each.
• The sale will occur in two phases.
• Phase 1 will include 20,000 nodes sold starting from the Whitelist on November 6.
• Participants in the Phase 1 sale will receive double the rewards compared to those in Phase 2.
• A minimum internet connection of approximately 250 Mbps is necessary to operate a node, although buyers can delegate responsibilities to reduce operational costs.
• The testnet will commence two weeks following the sale completion, with node operators earning up to five $HUDL tokens per day during this phase.
• A portion of the total token supply will be awarded as incentives for active nodes during the testnet, with immediate vesting and a portion available at the token generation event.

Key Dates:

• Whitelist Opens: October 9
• Whitelist Sales: November 6
• Public Sales: November 8

About Huddle01

Huddle01 is a decentralized real-time communication network designed for audio and video streaming, having already facilitated over 6 million minutes of meetings. The dRTC network eliminates reliance on centralized servers for global real-time communication.

The platform democratizes connectivity by providing superior bandwidth access without the need for local physical infrastructure. Huddle01 has raised $6 million, supported by prominent angel investors and venture capital funds.

Huddle01 enables the rapid development of high-quality audio and video applications, with its SDKs integrated into numerous web3 applications for communication solutions. The infrastructure has been deployed by around 100 projects, and the network is set to onboard 1.5 million active users through upcoming integrations.