11/25/2023 0 Comments Cryptocat social gets backing to buildFor now there's nothing to see beyond Capsule's landing page and a pitch deck (which he shared with TechCrunch for review). social media & email, 4, 27, T18:10:00 by mattAruba. "I posted that tweet and the expectation that I had was that basically 60 people max would retweet it and then maybe I'll set up a Kickstarter," he tells us.īut Kobeissi says he was startled by the level of interest in the concept. The idea for Capsule started with a tweet about reinventing social media. backing up clusgter information in 6.11 0, 1, T10:52:00 by alexs-nd. Instead the tweet "just completely exploded" and he found himself raising $100,000 "in a single day" - with $50,000 paid in there and then. I've been running a business based on consulting and based on academic R&D services," he continues. "But by the end of the day - last Sunday, eight days ago - I was running a Delaware corporation valued at $10 million with $100,000 in pre-seed funding, which is insane. Completely insane."Ĭapsule is just the latest contender for retooling Internet power structures by building infrastructure that radically decentralizes social platforms to make speech more resilient to corporate censorship and control. ![]() The list of decentralized/P2P/federated protocols and standards already out there is very long - even while usage remains low. A day later cryptography researcher, Nadim Kobeissi best known for authoring the open-source E2E-encrypted desktop chat app Cryptocat (now discontinued) had pulled in a pre-seed investment of 100,000 for his lightweigh. Extant examples include ActivityPub, Diaspora, Mastodon, P2P Matrix, Scuttlebutt, Solid and Urbit, to name a few. The idea for Capsule started with a tweet about reinventing social media. ![]() Interest in the space has been rekindled in recent weeks after mainstream platforms like Facebook and Twitter took decisions to shut down U.S. President Donald Trump's access to their megaphones - a demonstration of private power that other political leaders have described as problematic. Kobeissi also takes that view, while adding the caveat that he's not "personally" concerned about Trump's deplatforming.
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