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Cryptocat social gets backing to build
Cryptocat social gets backing to build






“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.”

cryptocat social gets backing to build

“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.

#CRYPTOCAT SOCIAL GETS BACKING TO BUILD 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.”

cryptocat social gets backing to build cryptocat social gets backing to build

“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.






Cryptocat social gets backing to build