Huddle01 raises $2.8M led by Hivemind to build the 1st decentralized communication network
Summary
NEW YORK, April 6, 2023 /CNW/ -- Huddle01, a US and India-based company thats building the worlds first decentralized real-time communication (dRTC) network, announced today that it had raised $2.8M in Seed Round led by the leading digital asset investment firm - Hivemind, taking the companys total raise to $4.5M till date. With its demand-first approach, Huddle01 plans to create enough demand on its infrastructure to ensure that when it launches the network with incentives, it becomes self-sustaining and self-propelling with better performance, privacy and costings as compared to centralized incumbents," says Ayush Ranjan, Co-founder, and CEO of Huddle01.With its new round of funding, Huddle01 plans to grow its ecosystem to support thousands of apps and launch its network of nodes to facilitate communication at scale and reward them with Huddle01 tokens. Furthermore, Huddle01 will roll out grant programs to empower developers to build breakout applications on Huddle01s infrastructure and increase their global network. The infrastructure (developer SDKs) has over 100 projects built on top of it in categories like social, DAO tooling, education and the metaverse. Hivemind leverages a converging multi-strategy approach to create start-to-finish capital solutions for entrepreneurs and provides the category-leading infrastructure to institutionalize crypto investing.