Where, then, does Kobeissi see Capsule’s USP - i.e. So there could soon be a bunch of apps built atop its network touting social networking services without the meddling hand of Big Tech. It went on to demo a TikTok clone - and to open TIC up to outside developers last summer. Last year, for example, Dfinity launched a proof of concept for an ‘open’ version of the professional social network, LinkedIn - which it punningly called ‘LinkedUp’. Given the intent with TIC is to hosts all sorts of decentralized apps it’s possible - indeed, likely - that a bunch of decentralized social media plays will emerge. “The rest will still be a self-hosting, self-contained, precisely engineered micro-services concept, with IPFS (previously GUN) as a decentralized database/connectivity back-end,” he adds. “We were looking to solve these issues somehow before this investment and were already considering Dfinity as the potential solution given that it has a programming language that allows for building these ‘custom mini-blockchains’ as we see them.” “The Internet Computer will hopefully be helping us build a ‘customized mini-blockchain’ to solve two issues with Capsule: Global authenticated timestamps for posts as well as a root of trust for user’s authentication keys for posts,” he says. 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. We could launch an MVP now but are choosing to hold off by a few weeks.” “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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