cryptocat author social insanely fast to

Cryptocat Author's Social Media Venture: Insanely Fast to Decentralize Internet Speech

In a recent interview, Cryptocat author and social media entrepreneur, Kobeissi, discussed his latest venture, Capsule, which aims to radically decentralize social platforms and make speech more resilient to corporate censorship and control. The concept has sparked significant interest among investors and users alike.

Kobeissi's concerns about giant private corporations having unilateral power to shape internet speech are echoed by many experts in the field. He cites a lawsuit filed in U.S. court as an example of the issue, highlighting the need for decentralized infrastructure that can protect online speech from corporate censorship.

Capsule is just one of many decentralized social media platforms vying for attention in this space. Others include ActivityPub, Diaspora, Mastodon, P2P Matrix, Scuttlebutt, Solid, and Urbit, among others. While usage remains low, the list of decentralized protocols and standards is long and growing.

Kobeissi's journey with Capsule began when he tweeted about his idea for a radically decentralized social media platform. To his surprise, the tweet 'just completely exploded,' attracting widespread interest and raising $100,000 in pre-seed funding within a single day.

The nascent startup has a post-money valuation of $10 million, according to Kobeissi, who is currently working on the prototype. He plans to launch an MVP of Capsule as a web app in March, followed by a seed round targeting $1 million-$1.5 million to build out a team and develop mobile apps.

While there's nothing to see beyond Capsule's landing page and pitch deck for now, Kobeissi is open to discussing funding opportunities with interested investors. With the growing interest in decentralized social media platforms, it will be exciting to see how Capsule develops and contributes to the evolution of internet power structures.

Cryptocat author social insanely fast to