Huddle01 Announces Media Node Sale to Expand Video Network

[PRESS RELEASE – Bangalore, India, September 26th, 2024]

The Huddle01 decentralized Real-Time Communications Network establishes a multi-faceted system comprising Media Nodes, which supply dRTC bandwidth for users, as well as facilitators of audio/video meetings.

On November 6, 2024, Huddle01, an innovative decentralized real-time communications layer, will commence its media node sale. Huddle01 is reshaping the landscape of decentralized communication, providing a powerful and effective answer to the obstacles that traditional real-time communication (RTC) providers encounter. Since 2023, Huddle01 has facilitated 6 million minutes across more than 100,000 events.

The first dRTC Network

Huddle01 is the pioneering Decentralized Physical Infrastructure Network (DePIN) dedicated to RTC or audio/video conferencing. It directs unused internet bandwidth through node operators, facilitating flawless audio-video interactions via its groundbreaking decentralized dRTC network.

In contrast to most DePINs, Huddle01 is developed from the demand perspective, tackling the elevated operational costs and geographical latency problems typical of centralized RTC networks. Established during the Covid-19 pandemic as Indian schools transitioned to online learning, Huddle01 replaced centralized communication methods that direct calls through remote servers—often located thousands of miles away—leading to significant delays and subpar video conferencing quality.

By decreasing reliance on centralized data centers, Huddle01 can cut down developers’ server expenses for audio and video calls by as much as 95% compared to AWS, ensuring efficient and cost-effective communication.

The Huddle01 Meet application layer integrates Web3-native features, empowering users to connect wallets, utilize NFT profile images as avatars, and host token-gated meetings. Video recordings can be safely stored on the InterPlanetary File System (IPFS), underscoring the platform’s focus on decentralization and security.

Under the leadership of CEO and Co-Founder Ayush Ranjan and Co-Founder and CTO Susmit Lavania, Huddle01 boasts an experienced team with over 15 years in RTC and more than 5 years of expertise in token engineering. The executive team includes alumni from BlockScience, ConsenSys, Polygon, Cardano, Persistence, CoinDCX, and Guardian Link.

Nodes enhance latency performance

Huddle01 Media Nodes—the fundamental component of Huddle01’s dRTC network—supply the essential bandwidth for encoding, decoding, and routing audio/video packets, enabling consistent audio and video communication worldwide.

“Google Meets and Zoom collectively stream 300 million minutes daily. If Huddle01 captures just 1-5% of this market over the next year, we would achieve the highest level of web3 adoption ever,” CTO Susmit Lavania stated.

Latency issues, such as lag and glitches, impede innovation particularly in developing regions, but in reality, they hinder productivity across the board. Areas like distance education, streaming, gaming, and healthcare can all benefit from improved internet services.

“These nodes will energize a network that already surpasses the legacy web2 competitors in latency where there is a dense concentration of nodes, capable of improving lag on a global scale,” notes Ayush Ranjan, CEO of Huddle01.

“We are thrilled to initiate this node sale. As we increase the number of nodes sold, the advantages for consumers and businesses will only increase. Node operators will be incentivized to maintain a node, allowing them to generate greater value for themselves while significantly enhancing application latency,” added Ranjan.

Huddle01: Transforming Real-Time Communication with DePIN

Huddle01 Media Node Sale highlights

• 46,900 Huddle Media Nodes available, priced from $320
• Node Sales will occur in 2 Phases
• Phase 1 encompasses 20,000 nodes to be sold starting from the November 6th Whitelist and a Public Sale on November 8
• Participants in Phase 1 sales are entitled to 2x rewards compared to those in Phase 2
• A minimum of ~250 Mbps Internet connection is required to operate the node, though buyers may delegate to lower operating costs
• The testnet is scheduled to launch 2 weeks following the sale conclusion, with node operators earning up to 5 $HUDL daily during the testnet
• 21% of the total TGE supply (200M $HUDL) will be dispensed as rewards for active nodes during the testnet, with immediate vesting and 5% available at TGE

Important dates

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

Further details about the public node sale launching on November 6 can be found here, including information on how to whitelist: HERE.

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About Huddle01

Huddle01 is a decentralized real-time communication (dRTC) network that focuses on audio and video streaming—DePIN for RTC—having achieved over 6 million minutes in meetings thus far. The dRTC network removes the reliance on centralized servers for real-time communication on a global scale.

Huddle01 is democratizing access to exceptional connectivity across cyberspace, enabling individuals to leverage top-tier bandwidth without dependency on local physical infrastructure. To date, the network has raised $6M and is supported by notable investors like Balaji Srinivasan, Stani Kulechov, and leading VC firms such as Hivemind, Protocol Labs, Superscrypt, Consensys, among others.

Huddle01 facilitates the rapid creation of high-quality audio/video applications. By utilizing its array of SDKs, various web3 applications have integrated the flexible Huddle01 SDKs as their video communication layer. This infrastructure has been adopted by 100 projects, including Lens Protocol, Solana, and CyberConnect. Very soon, Huddle01 will onboard 1.5 million active users to their dRTC network through upcoming integrations.

To find out more, visit www.huddle01.com | Twitter | Website | Medium