Relayz

What Relayz does

Relayz Ltd (Seychelles, founded 2020) is building a Web3 communication protocol positioned around privacy, end-to-end security, and censorship resistance. The company's core architecture is the proprietary Relayz Protocol and RelyNet, a decentralized node network that uses blockchain-generated ephemeral encryption keys to secure communications, WebRTC for peer-to-peer real-time video, and an EVM-compatible Layer-1 multi-chain design. Its flagship consumer-facing application is Relayz Meet, a browser-based HD video conferencing dApp accessible without downloads and supporting authentication via MetaMask or NEAR Wallet, as well as accounts created for non-crypto users. The ecosystem is powered by the RELY utility token, which node operators must stake (minimum 5,000 RELY) to provide routing and bandwidth; node reputation is derived from user call-quality ratings on a 1-5 scale and enforced through smart contracts.

The company operated entirely in testnet/beta through 2023 with 0 active nodes reported at last disclosure due to registration suspension. It closed a seed funding round in August 2023 with NEAR Foundation, Galxe, and Israel Blockchain Association as named investors alongside several smaller crypto VCs (Bitscale, Cogitent, LucidBlue, Geek Cartel, K24). Distribution is product-led and community-driven: self-serve web access (meet.relayz.io), wallet-based authentication, referral/invite programs, and a node incentive program awarding 10 RELY tokens daily to operators. Primary target segments are Web3 users (DeFi/NFT/DAO communities), dApp developers integrating communication infrastructure, and node operators earning yield.

Relayz's current business model is largely pre-revenue: token staking creates economic incentive but not cash inflow; subscriptions, pay-as-you-go, and API monetization are explicitly scheduled for 2024 launches. The 2024-2025 roadmap contemplates substantial product and infrastructure expansion including Chat, Collab App, Metaverse/SDK, multi-chain integrations, and additional API versions. The company is GDPR-compliant in its privacy policy and operates globally with restrictions across approximately 20 jurisdictions. No enterprise customers, revenue figures, or headcount growth metrics are disclosed.

Name

Relayz

Legal name

Relayz Ltd

Website

https://relayz.io

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Relayz Ltd is a Seychelles-incorporated Web3 company building Relayz Meet, a decentralized, end-to-end encrypted video conferencing dApp on the proprietary RelyNet node network, serving Web3 users, dApp developers, and RELY token-staking node operators globally.

Ownership category

akta.pro rank

Product category

Web3 Communication Platform

NAICS

Wired and Wireless Telecommunications (except Satellite) (5171), Wired and Wireless Telecommunications Carriers (except Satellite) (51711)

SIC

Services-Telephone Interconnect Systems (7385), Telegraph & Other Message Communications (4822)

akta.pro primary industry

Decentralized Bandwidth & Connectivity (bandwidth marketplaces, VPN, ISP/last-mile DePIN) (FSAPALAD)

akta.pro secondary industries

Cross-Chain Messaging Protocols (general-purpose message passing) (FSAPAKAA), Cross-Chain Developer Tooling (messaging SDKs, relayers, interoperability APIs) (FSAPABAF)

Keywords

• Decentralized communication protocol
• Web3 video conferencing
• End-to-end encrypted messaging
• Blockchain node infrastructure
• Cryptocurrency staking rewards

Headquarters

HQ city

Mahé

HQ country

Seychelles

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Operations

Revenue model

1. RELY Token Economics: Node operators stake RELY tokens to participate in the network and receive rewards. The token creates economic incentive for network participation and secures the network. Users who stake RELY tokens become eligible to use platform services.
2. Platform Subscriptions (Planned 2024): Subscription-based access to Relayz Meet and other platform features planned for 2024 development roadmap.
3. Pay-as-you-go (Planned 2024): Usage-based pricing model planned for 2024 allowing users to pay per usage.
4. API Access: API services for developers to integrate Relayz communication capabilities, planned for various versions through 2024-2025 roadmap.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels7 records

Core offering

Relayz builds and operates a decentralized, privacy-first Web3 communication platform. Its flagship product, Relayz Meet, is a browser-based end-to-end encrypted video conferencing dApp built on the proprietary Relayz Protocol, with traffic routed through the RelyNet decentralized node network. The platform is secured by RELY token staking by node operators and targets Web3 users, dApp developers, and node operators who require censorship-resistant, metadata-free communication.

Product overview

Relayz offers a Web3 communication platform centered around privacy, security, and decentralization. The core product is Relayz Meet, a video conferencing application built on the Relayz Protocol, which is powered by the RelyNet decentralized node network. The ecosystem includes the RELY utility token used for staking and network rewards, with an Invite Program for community-driven growth. Users access the platform through wallet-based authentication (MetaMask or NEAR Wallet), and node operators contribute infrastructure by staking RELY tokens to earn rewards.

Differentiator

Problem solved

Functional benefit

Brands

• RelyNet: The Relayz Network, referred to as RelyNet, is the decentralized network powered by RELY tokens that serves as the core infrastructure for Relayz's privacy-preserving applications.
• Relayz Meet
• Relayz Protocol

Products and services

• Relayz Meet Privacy-first, highly secure, scalable, and decentralized video conferencing dApp built on the Relayz Protocol. Offers HD-quality end-to-end encrypted video calls with WebRTC peer-to-peer communication, wallet-based authentication (MetaMask, NEAR), and invite-only private meeting rooms. Targeted at Web3 users and communities.
• RelyNet Decentralized node network powering Relayz communications. Node operators stake RELY tokens to provide routing services and bandwidth; user call quality ratings feed smart-contract-based reputation scores that determine routing and rewards. Targeted at community node operators and infrastructure participants.
• Relayz Protocol Privacy-first, secure, and scalable decentralized communication infrastructure that serves as the foundation for Relayz Meet and other dApps, enabling seamless integration of end-to-end encrypted communication into third-party decentralized applications via API.
• RELY Token Utility token for the Relayz ecosystem used for staking by node operators, network governance, and reward distribution. Node operators must stake a minimum of 5,000 RELY tokens as collateral to participate in routing and bandwidth services.
• Relayz Invite Program Community reward program that incentivizes members for inviting new users and operating nodes. Rewards are calculated based on Relayz Meet call frequency, duration, participant count, and social media engagement.

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature6 records

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Huddle01: Web3-native video conferencing platform built on a decentralized node network. Huddle01 is the closest direct competitor to Relayz Meet, targeting similar privacy-conscious Web3 communities and offering comparable P2P/WebRTC-based meetings with token-incentivized routing.
• Status.im: Decentralized messaging and communication app with end-to-end encryption and wallet-native identity. Status competes with Relayz for the same Web3-native privacy-conscious user base, with a broader messenger offering but overlapping voice/video ambitions.

Emerging players

• Push Protocol: Decentralized communication protocol for Web3 messaging and notifications. Push overlaps with Relayz's communication infrastructure layer, particularly as Relayz expands into Chat and dApp notifications, though Push focuses on messaging notifications vs. live video.
• XMTP: Open protocol for encrypted messaging in Web3 with wallet-to-wallet communication. XMTP is comparable as a developer-facing communication protocol that apps build on, similar to how Relayz Protocol is positioned for dApp integration.
• Lens Protocol: Decentralized social graph protocol on Polygon enabling Web3-native social and messaging features. Lens is comparable as infrastructure-layer Web3 communications primitives that dApps integrate, with overlapping developer and DAO audiences.
• XX Messenger: Decentralized, quantum-resistant private messaging network built on the xx blockchain. Comparable as a Web3-native communications protocol with privacy-first design and token-incentivized infrastructure, targeting similar privacy-focused audiences.

Broad incumbents

• Element (Matrix): Decentralized, end-to-end encrypted messaging and voice/video platform built on the open Matrix protocol. Element shares Relayz's privacy and decentralization positioning but serves a broader Web2/Web3 enterprise audience with a more mature product.
• Signal: Privacy-first messaging app with end-to-end encryption and open-source protocols. Signal represents the Web2 privacy benchmark that Relayz's value proposition is differentiated against, particularly relevant for users evaluating decentralized alternatives.
• Jitsi (8x8): Open-source WebRTC-based video conferencing platform with encrypted meeting capabilities. Jitsi shares Relayz Meet's browser-native P2P video technology and is a relevant incumbent alternative in the privacy-focused video space.

Others

• Galxe: Web3 credential and identity platform that is both an investor in Relayz and an ecosystem distribution partner. Galxe is comparable as an adjacent infrastructure partner where identity/credentials and communications converge for dApp user experiences.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/RelayzOfficial
• LinkedInlinkedin.com/company/relayz

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds2 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Relayz