![]() He also points to a lawsuit that's been filed in U.S. But he says he is concerned about giant private corporations having unilateral power to shape internet speech - whether takedown decisions are being made by Twitter's trust and safety lead or Amazon Web Services (which recently yanked the plug on right-wing social network Parler for failing to moderate violent views). Kobeissi also takes that view, while adding the caveat that he's not "personally" concerned about Trump's deplatforming. President Donald Trump's access to their megaphones - a demonstration of private power that other political leaders have described as problematic. Interest in the space has been rekindled in recent weeks after mainstream platforms like Facebook and Twitter took decisions to shut down U.S. Extant examples include ActivityPub, Diaspora, Mastodon, P2P Matrix, Scuttlebutt, Solid and Urbit, to name a few. The list of decentralized/P2P/federated protocols and standards already out there is very long - even while usage remains low. 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. "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. I've been running a business based on consulting and based on academic R&D services," he continues. 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 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. ![]() ![]() But Kobeissi says he was startled by the level of interest in the concept. 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.For now there's nothing to see beyond Capsule's landing page and a pitch deck (which he shared with TechCrunch for review). Case in point: a startup called Capsule has been putting AI to use in video editing software to improve the speed and efficiency of.Ĭapsule gets $1.5M to build ‘super simple’ decentralized social mediaīy Adre's IT | 10 March, 2021 | Adre's IT Blog, Apps, bleacher report, Cryptocat, Cryptocurrency, Fundings & Exits, gig workers, mobile video, Nadim Kobeissi, online extremism, Polychain Captial, Recent Funding, shell, StartupsCapsule‘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.Ĭryptocat author gets insanely fast backing to build P2P tech for social mediaīy Adre's IT | 19 January, 2021 | Adre's IT Blog, bleacher report, censorship, CloutHub, Cryptocat, decentralized, Fundings & Exits, Nadim Kobeissi, Security, shellThe idea for Capsule started with a tweet about reinventing social media. ![]() Capsule snags $4.75M for its AI-powered video editor that summarizes text, generates images and moreīy Adre's IT | 15 February, 2023 | Adre's IT Blog, AI, Apps, artificial intelligence, Asana, Cryptocat, The Nielsen CompanyAI’s ability to reinvent web search remains murky, but the technology’s impact on everyday tools seems to be more promising. ![]()
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