Whats up.app, a decentralized storage system designed to supply modern options for Web3 customers, has been unveiled by the teenage visionary entrepreneurs Álvaro Pintado Santaularia and Alexander Baikalov.
Secures €300k funding
Based on an Oct. 17 assertion shared with CryptoSlate, the challenge lately secured €300,000 in a pre-seed funding spherical, valuing the corporate at €1.4 million. The funding could be expended on addressing the shortcomings of standard Web2 storage options and positioning the corporate as a Web3 equal of Dropbox.
Notably, the storage system represents the world’s inaugural user-controlled, open-source Web3 decentralized storage software program. As part of its product launch marketing campaign, new customers are granted 100GB of free storage.
In the meantime, the acquisition of the whats up.app area represents a strategic funding by the founders to foster mainstream adoption. The whats up.app area is considered one of Spain’s most expensive internet area purchases in historical past, amounting to €115,000 (roughly $120,000).
Distinguishing itself from centralized storage methods, whats up.app harnesses blockchain expertise to ship heightened safety, information privateness, and person management. This strategy empowers customers to take care of information possession in a decentralized ecosystem, free from single factors of possession and management.
Whats up.app additionally permits customers to function node operators by contributing storage to the system and, in flip, incomes corresponding rewards. With its emphasis on person autonomy and privateness, this platform is poised to redefine each the storage and Web3 sectors.
Álvaro Pintado Santaularia, the CEO and Founding father of whats up.app, revealed that the platform’s creation stems from the crucial to handle prevalent Web2 storage points. He identified that the dominance of trade giants has raised considerations about particular person information privateness.
“The imaginative and prescient of whats up.app is to re-wire the established order information storage panorama and ship a extra user-centric and clear framework that serves the most effective pursuits of the person.”
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