Young entrepreneurs to launch decentralized storage app Hello to take on centralized cloud giants

Hello.app, a decentralized retention strategy designed to connection innovative solutions for Web3 users, has been unveiled by the teenage visionary entrepreneurs Álvaro Pintado Santaularia and Alexander Baikalov.

Secures €300k funding

According to an Oct. 17 connection shared with CryptoSlate, the task precocious secured €300,000 successful a pre-seed backing round, valuing the institution astatine €1.4 million. The backing would beryllium expended connected addressing the shortcomings of accepted Web2 retention solutions and positioning the institution arsenic a Web3 equivalent of Dropbox.

Notably, the retention strategy represents the world’s inaugural user-controlled, open-source Web3 decentralized retention software. As a portion of its merchandise motorboat campaign, caller users are granted 100GB of escaped storage.

Meanwhile, the acquisition of the hello.app domain represents a strategical concern by the founders to foster mainstream adoption. The hello.app domain is 1 of Spain’s astir costly web domain purchases successful history, amounting to €115,000 (approximately $120,000).

Decentralized storage

Distinguishing itself from centralized retention systems, Hello.app harnesses blockchain exertion to present heightened security, information privacy, and idiosyncratic control. This attack empowers users to support information ownership successful a decentralized ecosystem, escaped from azygous points of ownership and control.

Hello.app besides allows users to service arsenic node operators by contributing retention to the strategy and, successful turn, earning corresponding rewards. With its accent connected idiosyncratic autonomy and privacy, this level is poised to redefine some the retention and Web3 sectors.

Álvaro Pintado Santaularia, the CEO and Founder of hello.app, revealed that the platform’s instauration stems from the imperative to code prevalent Web2 retention issues. He pointed retired that the dominance of manufacture giants has raised concerns astir idiosyncratic information privacy.

“The imaginativeness of hello.app is to re-wire the presumption quo information retention scenery and present a much user-centric and transparent model that serves the champion interests of the individual.”

The station Young entrepreneurs to motorboat decentralized retention app Hello to instrumentality connected centralized unreality giants appeared archetypal connected CryptoSlate.