Huddle01 will launch the sale of nodes to expand its video network, after hosting 6 million minutes of meetings

(PRESS RELEASE – Bengaluru, India, September 26, 2024)

Huddle01's decentralized real-time communications network is a multilateral network with media nodes, dRTC bandwidth providers for audio/video meeting participants and consumers.

On November 6, 2024, Huddle01, a leading decentralized real-time communications layer, will launch the sale of its media node. 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. As of 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 PSTN or audio/video conferencing. Huddle01 coordinates unused internet bandwidth across node operators to enable seamless audio and video communication over its innovative decentralized network or dRTC.

Unlike most DePINs, Huddle01 is built from the demand side, addressing the high operating costs and geographic latency issues faced by centralized PSTN networks. Founded during the Covid-19 pandemic, when Indian schools moved online, Huddle01 replaced centralized communication systems, which route calls through distant servers, often on the other side of the world, causing significant delays. and poor performance in video conferencing.

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 high-performance, cost-effective communication.

Huddle01's application layer, Huddle01 Meet, integrates native Web3 tools, allowing users to connect wallets, use nft profile images as avatars, and host token-driven meetups. 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 in 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 the Huddle01 dRTC network, provide the bandwidth needed to encode, decode, and route audio/video packets for uninterrupted audio and video communication around the world.

“Google Meets and Zoom stream 300 million minutes a day. If Huddle01 captures just 1% to 5% of this market in the next 12 months, we will have unleashed the largest adoption of web3 ever seen.” CTO Susmit Lavania explained.

While latency issues, or delays and technical glitches, in the developing world hamper innovation, they actually hamper productivity everywhere. Distance education, streaming, gaming and healthcare can all be improved with better internet services.

“These nodes will power a network that already outperforms current Web2 competitors in latency where there is a large cluster of nodes, and is capable of improving delays around the world,” he 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 one node, which allows them to create more value for themselves but, more importantly, they can see the improvement in latency across all their applications,” he added. Ranjan.

Huddle01: revolutionizing real-time communication with DePIN

Selling Features of the Huddle01 Media Node

• There are 46,900 Huddle Media nodes available with prices starting at $320
• Huddle01 will carry out its node sales in 2 phases
• Phase 1 will consist of 20,000 nodes to be sold in the White List on November 6 and a Public Sale on November 8.
• Phase 1 sale participants are eligible to receive twice as much rewards as Phase 2 participants
• The 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 is completed, and node operators will earn up to 5 $HUDL per day during the testnet.
• 21% of the total TGE supply ($200 million HUDL) will be offered as a reward for active nodes during the testing phase, with immediate acquisition and 5% unlocked in TGE.

Key dates

• Whitelist opens: October 9
• Whitelist Sales: November 6
• Public sales – November 8

You can find more details about the launch of the public node sale on November 6 here, including how to whitelist it: HERE.

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About Huddle01

group01 is a decentralized real-time communication (dRTC) network for streaming audio and video (DePIN for RTC) that has logged over 6 million minutes of meetings to date. The dRTC network eliminates dependence on centralized servers for real-time communication around the world.

Huddle01 is democratizing connectivity in cyberspace by allowing people to access best-in-class bandwidth without relying on local physical infrastructure. The network has raised $6 million to date and is backed by prominent angels such as Balaji Srinivasa, Stani Kulechov and leading venture capital funds such as Hivemind, Protocol Labs, Superscrypt, Consensys and others.

Huddle01 allows you to create high-quality audio/video applications in minutes. Leveraging its SDK suite, multiple web3 applications have integrated Huddle01's composable SDKs as their video communication layer. The infrastructure (Developer SDK) has been used by 100 projects including Lens Protocol, Solana and CyberConnect. Soon, Huddle01 will add 1.5 million active users to its dRTC network with upcoming integrations.

For more information, visit, www.huddle01.com | x.com/huddle01com” target=”_blank” rel=”nofollow noopener” data-wpel-link=”external”>twitter | Website | Half

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