Web3 Startup Comming $ 5 million on offer to compete with Discord
Web3 Startup Comming $ 5 million on offer to compete with Discord
- Comm-CEO Ashoat Tevosyan wants to build a "completely sovereign, completely end-to-end-encrypted and completely private" application
- The "Web2" app Discord remains one of the most important communication platforms for crypto enthusiasts
The Web3-Messaging app committed a 5 million dollar start-up round under the direction of Coinfund, funds that the startup hopes so that they can compete with Discord.
The data protection startup for consumers is working on scaling the end-to-end encryption (E2E), which currently only works for chat apps such as signal or WhatsApp, with the aim of replacing centralized backends.
Ashoat Tevosyan, founder and CEO of Comm, told Blockworks that he wanted to develop an app that was "completely sovereign, completely end-to-end-encrypted and completely private".
Other investors in the Seed round are Electric Capital, Slow Ventures, Longhash VC, Shima Capital and Eniac Ventures.
Comm is designed in such a way that community members host their own backend servers and only access the users themselves to their data. The key server software is open source and built so that it can be coated (copied and implemented by other projects).
Although encrypted messaging apps can contribute to the protection of individual data, many of these apps have done this fell into the hands of organized criminals and gangs.
For Tevosyan, criminals find regardless of whether COMM exists or not, always a way to access online networks in order to continue criminal activities.
"We develop software that transfers responsibility to the user, and that could ultimately mean that these situations can use the software to use the software hypothetically," he said.
Nevertheless, he wants Commm that Community is a software that supports larger communities and is skeptical about the idea that a large -scale social platform would attract “shady characters”.
Tevosyan added: "It is possible, but my own view of this moral question is that we do not believe that we offer a service that is good for these people."
At COMM, four full -time employees and around 12 part -time employees are currently working on the project. Tevosyan said he planned to further expand his team in New York City after the salary increase, with a handful of work from a distance.
Nevertheless, he said that his final vision for the company was not yet quite clear. Users can log in to COMM via their crypto wallets that control their overall identity in the app, although it is not immediately known which blockchains are supported.
"Boot trapping is easier for you if you have a clear view from above. We are not that far yet, but we believe in long -term and potential values [of comm]," he said.
"Our most radical point of view is that everyone will have a personal private server in the future," said Tevosyan. "We will have a world in which the users will ultimately make the decision to build on a platform that offers you the privacy you need to achieve the next step of human-computer evolution."
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The contribution Web3 Startup Comm collects $ 5 million to compete with Discord is not a financial advice.
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