The company, however, does not agree. It claims to be the first video conference solution in the world, and was built outside the coffee shops at NCR’s Noida. The app is built around the main concept of the third generation of the internet (web3) – distribution. Unlike Meet, Teams, or Zoom, Huddle does not work on central servers. Instead, it uses a network of smartphones, laptops, and storage systems.
The idea was explored in the popular television series Silicon Valley, where a coder named Richard Hendricks created a completely new internet based on such a network. In the real world, 26-year-old Ayush Ranjan and Susmit Lavania are no different from the creators of Pied Piper (the Silicon Valley company around).
Lavania, now the founder of Huddle01, created a separate cryptocurrency exchange back in 2018, and was hired by crypto-unicorn CoinDCX. Lavania also worked at CoinDCX for a year, but now serves as the founder and chief technology officer (CTO) of Huddle01. Ranjan, too, has worked on a number of startups, including Zefo start-up e-commerce.
“We wanted to build a conference solution through peer-to-peer video, where there would be no servers in between,” Ranjan said. “What we have seen (after building it) is that it is very powerful,” he added. delay reduced to one-fifth of server-based solutions.
Delay is the time it takes for data to move from source to storage. In a video conference, lower delays mean better video quality and fewer distractions. One-stop services and solutions try to do this by setting up additional data centers to bring the data source closer to the end user as much as possible.
The central storage function in Huddle is accomplished by Filecoin, a local storage service. Filecoin saves data when needed, such as when recording calls. While calls occur on peer-to-peer networks right now, the company is making progress on the computer. Which means that the Huddle phone is powered by smartphones and PCs over the phone, while edge computing will allow the company to draw power from other such devices close to the users of the phone.
Alternatively, users can use Huddle as a video conference tool, become network-enabled miners, or both. In the future, the company will provide economic stimulus through crypto to its users to enable calls on its network. “As the number of users on a network like Huddle grows, the number of that network itself increases, as does the number of tokens,” said Pareen Lathia, founder of Buidler’s Tribe, the first blockchain-based incubator. started, and participated in the Huddle01 seed cycle.
Unlike current solutions, Huddle01 will not be able to determine how much it will charge users, businesses etc. any features that need to be built.
“On web2, whenever you have a service provider on the scale, it begins to dominate the market. When the platform gains momentum, both producers and consumers come to that platform,” said Praphul Chandra, co-founder of Koinearth, the home blockchain startup. “The idea with web3 is to build systems where there is no single organization that controls the market,” added Chandra. In Huddle01, power will one day be distributed among the miners. The stadium itself will need the approval of most of its miners in order to achieve a new feature, raise prices and more.
Using shared storage also means that no one owns or controls the data that flows through the domain. Cell phones and computers in the Huddle network cannot see the data, because again, no one can access all of them. Data is stored in bits and pieces in various locations, and everything works because the system sends the right bits to the appropriate devices when needed.
As a result, Huddle01 does not require users to create accounts, as there is no way to track users and advertise them anyway. It also means that Huddle01 cannot share data with governments or law enforcement, even if it wants to.
Ranjan acknowledged that it would take some time before the forum was able to scale the solutions from Google, Zoom or Microsoft, but there are no shortage of features in it at the moment.
Like popular solutions, Huddle already has features such as recording, background blurring, polls etc. Moreover, it is already looking forward to ideas like metaverse, the technological leaders think today. In Huddle, the user can connect a non-valid token (NFT) to his or her account and appear as an image during a call.
For now, that avatar will probably be the most popular NFT like Cryptopunks or Bored Apes, but as Meta (formerly Facebook) Mark Zuckerberg discussed it when launching the metaverse last month, avatars will likely be only NFTs worldwide. To do this you will need to connect crypto wallets like Metamask, which owns these NFTs. The company will also charge businesses, in the future, for certain features such as live streaming etc.
Ranjan and Lavania took the stage to the first accelerator called Tachyon in September last year, followed by a $ 2 million seed round in March. The round was led by Protocol Labs, using Filecoin, featuring former Andreesen Horowitz teammates Preethi Kasireddy and Sandeep Nailwal of Polygon. Protocol Labs founder Juan Benet has also invested in private work.