The blockchain industry has just entered 2021. We see that the market is constantly rising and various new projects are constantly emerging. It is easy for people to have the illusion of returning to 2018 in a trance.
Recently, we can see projects that have raised more than one million dollars in seed rounds every day. This phenomenon is rare in the past two years. I believe we will gradually adapt to being bombarded by such news for a long time in the future.
Yesterday, a very new project, Crypto Capsule, raised US$150. The investor is Beacon Fund, which is an investment fund jointly established by Polychain, A16Z and DFINITY Foundation with a capital of US$14.5 million.
This time the 1.5 million US dollars will be used to form a team-
Yes, the team currently has only founders and is hiring front-end and chief operating officers, and then start and run product prototypes and release mobile applications.
In other words, Capsule is still in the idea stage, but the valuation has reached 10 million US dollars.
What is even more legendary is that the investment agency discovered this project through Twitter and decided to invest.
“Due to travel restrictions around the world, we spent a lot of time on community channels such as Discord and Telegram looking for new projects. We discovered Capsule through a tweet and made an investment.” said Tekin Salimi, head of investment at Beacon Fund.
The idea of Crypto Capsule is to build a "super simple" decentralized social media.
Users can safely store important data of their choice without the need for special tools or third-party involvement.
Crypto Capsule is a dapp deployed in the Ethereum network. It allows you to register any text information to the blockchain and plan the date when the text information can be accessed.
Once the Crypto Capsule is launched, you will receive a unique key. This key is the only way to open the capsule and access its contents.
So anyone with a Crypto Capsule key will be able to access its content.
In addition, once Crypto Capsules can be set to run from a specific date, they can be used like time capsules.
If you only want a child to see a message on his 21st birthday, even if he already has a Crypto Capsule key, he can only access the message on the scheduled date.
In short, Crypto Capsule is to provide a permanent record in the blockchain for people to share ideas and write content on the Internet, and to encrypt the content.
All application scenarios of Crypto Capsule can be understood as a private notebook or tree hole.
leave a message
Leave messages or suggestions to loved ones so that you can read them at special moments.
List
List the main things you will do in the next ten years and record this information in an encrypted time capsule so that you can consider it in the future!
drifting bottle
Write down the thoughts or things you want to deliver, and then "throw" the key into the "sea" of the Internet so that someone can find it.
Remember a song
Permanently store the user’s favorite playlist this year, or store the best songs.
The founder has worked in the field of privacy and applied cryptography for ten years and has reviewed hundreds of cryptographic software code bases.
"I have discussed the advantages and disadvantages of online privacy recommendations on a global scale, and have proposed an academic formal method for determining strong cryptography, bringing it closer to actual engineering."
A few days ago, I talked about the original intention of starting a business in the Difinity community.
"How much power do we give to large technology companies so that we can give speeches, guide our thoughts, argue and decide who can say what?"
It was originally planned to launch the Capsule prototype in early March, but for now, it may be the end of the month.
The founder of Capsule is Nadim Kobeissi, a cryptography researcher and the founder of Cryptocat (an open source end-to-end encrypted desktop chat application).
Nadim Kobeissi has 23,000 followers on Twitter.
However, Capsule currently has only 234 followers, which is still very early.