WebRTC is a free, open project that enables web browsers with Real-Time Communications (RTC) capabilities via simple Javascript APIs. The WebRTC components have been optimized to best serve this purpose.

Our mission: To enable rich, high quality, RTC applications to be developed in the browser via simple Javascript APIs and HTML5.

The WebRTC initiative is a project supported by Google, Mozilla and Opera. This page is maintained by the Google Chrome team.

via WebRTC.

And the latest current events surrounding WebRTC is this:

From: Hello Firefox, this is Chrome calling!

For the first time, Chrome and Firefox can “talk” to each other via WebRTC. WebRTC is a new set of technologies that brings clear crisp voice, sharp high-definition (HD) video and low-delay communication to the web browser.