Hello.app, a decentralized storage system designed to provide innovative solutions for Web3 users, has been unveiled by visionary teenage entrepreneurs Álvaro Pintado Santaularia and Alexander Baikalov.
Provides financing of €300,000
According to an October 17 statement shared with CryptoSlatethe project recently secured €300,000 in a pre-seed funding round, valuing the company at €1.4 million. The funding would go towards addressing the shortcomings of conventional Web2 storage solutions and positioning the company as a Web3 equivalent of Dropbox.
Notably, the storage system represents the world’s first user-controlled, open-source decentralized Web3 storage software. As part of the product launch campaign, new users will receive 100 GB of free storage space.
Meanwhile, the acquisition of the hello.app domain represents a strategic investment by the founders to drive mainstream adoption. The hello.app domain is one of the most expensive web domain purchases in Spain’s history, worth €115,000 (approximately $120,000).
Decentralized storage
Different from centralized storage systems, Hello.app uses blockchain technology to provide increased security, data privacy and user control. This approach allows users to maintain data ownership in a decentralized ecosystem, free from separate points of ownership and control.
Hello.app also allows users to act as node operators by contributing storage space to the system and in turn earn corresponding rewards. With an emphasis on user autonomy and privacy, this platform is poised to redefine both the storage and Web3 industries.
Álvaro Pintado Santaularia, the CEO and founder of hello.app, revealed that the creation of the platform stems from the need to address common Web2 storage issues. He pointed out that the dominance of industrial giants has raised concerns about the privacy of individual data.
“The vision of hello.app is to rewire the status quo data storage landscape and provide a more user-centric and transparent framework that serves the best interests of the individual.”
Over the years, the founders have demonstrated their technical expertise. Álvaro Pintado (CEO), who wrote ‘The Decentralized Financial System’ at the age of 17, shows his deep knowledge of decentralized technology. Similarly, Alexander Baikalov, the company’s CTO, has been working as a freelancer since the age of 15, further underscoring their technological acumen.
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