Huddle01 to Raise $37 Million Through Node Public Sale

On September 25, CoinDesk reported that Huddle01, a blockchain-based videoconferencing project, will conduct a node public sale on November 6, through which it plans to raise $37 million.

Huddle01, which has previously raised $6 million in funding from investors including Hivemind, Balaji Srinivasan, Stani Kulechov, Dan Romero, and Juan Benet, aims to provide a virtual meeting experience with lower latency than Zoom and Google Meet, CoinDesk reported. The project is backed by the “dRTC Chain”, a new EVM network built using Orbit software stack technology from Arbitrum.