Huddle01, has raised $2.8M in Seed Round led by Hivemind. This round was participated by funds that include Superscrypt, M31 Capital, Protocol Labs, East Ventures, Longhash Ventures, Good News Ventures, and notable angel investors like Balaji Srinivasan, Stani Kulechov, Dan Romero and Juan Benet amongst others.
With the proceeds from its latest round of funding, Huddle01 hopes to expand its ecosystem to accommodate thousands of apps, start up a network of nodes to enable massive communication, and pay its nodes in Huddle01 tokens, as per reported by Bloomberg.
Ayush Ranjan and Susmit Lavania co-founded Huddle01 with the goal of utilising blockchain and crypto-economics to make real-time communication open, secure, and borderless. The business has logged over a million minutes of meetings on its own video meeting platform, which employs crypto primitives.
There are more than 100 projects in categories like social, DAO tooling, education, and the metaverse that are built on top of the infrastructure (developer SDKs). In order to facilitate bottom-up adoption, the company will also tap into the social, gaming, metaverse, and video commerce industries.