He says that hasn’t changed - but sees potential for TIC to help solve some specific technical issues. Kobeissi’s original concept for Capsule, meanwhile, was to create self-hosting microservices.
CRYPTOCAT AUTHOR FOR SOCIAL MEDIA GETS SOFTWARE
The $14.5M investment vehicle is funded by Polychain, Andreessen Horowitz, and the Dfinity Foundation - and aims to support entrepreneurs and teams building on Dfinity’s the Internet Computer (TIC) aka a serverless architecture for natively hosting software and services (which it refers to as the “first blockchain computer that runs at web speed with infinite capacity”). Polychain Capital outted its Beacon Fund last September. We could launch an MVP now but are choosing to hold off by a few weeks.”Ĭryptocat author gets insanely fast backing to build P2P tech for social media () “We’re investigating switching some of the infrastructure from GUN to IPFS, and improving the user interface. “The prototype is ready,” he tells TechCrunch. Mobile apps are also on the cards and the funding will be used to build out Capsule’s team as well (currently it’s around four people).Ĭapsule founder Nadim Kobeissi, a cryptography researcher who previously authored the open-source E2E-encrypted desktop chat app Cryptocat, says they’re on track to put out an MVP this month - once they’ve made a few tweaks to the infrastructure.
That’s now been topped up with seed financing to get a prototype to market later this month. Capsule () ‘s plan to launch a super simple decentralized social media platform which is safe from censorship by Big Tech has advanced another stage: The nascent startup has closed a seed round of funding ($1.5M) led by Beacon Fund, a dedicated crypto fund by Polychain Capital - which is itself focused on startups building on Dfinity’s decentralized network for next-gen ‘open’ apps (aka, the Internet Computer () ).Īs we reported in January (), the idea for Capsule started with a tweet that almost immediately pulled in a pre-seed raise of $100k.
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