Although Tether and Bitfinex are investing millions of dollars to create a web 3 chat application, their primary objectives are not financial.
They’d be “in the blockchain area for the technology” rather than for the money. Paolo Ardoino, CTO (technical director) of Tether, Bitfinex, and Holepunch, carefully selects his words to convey a more technological than financial spirit to the video chat program, Keet, developed collaboratively by the three businesses.
Keet is the first product built on the Holepunch web 3 application building platform, which was introduced by Tether, Bitfinex, and Hypercore. According to Paolo Ardoino, Holepunch would be comparable to the peer-to-peer (P2P) file sharing technology BitTorrent.
The three firms spent five years developing Holepunch and contributed up to $10 million to the platform, which appears to have been ruined by its backers. Bitfinex and Tether might invest an extra $50-100 million in the development of other P2P apps in the future.
Web Chat 3 Application That is More Secure and Private
Keet is currently only available on the PC. The “amazing” video quality mobile application will be available shortly. Keet, like any other messaging program, lets you conduct audio and video conversations, send text messages, and transfer files.
The app is free and seeks to be more safe and sensitive to personal data and privacy than its centralized web 2 competitors. Technically, the fact that no data created by the connections is retained on a server explains this higher level of secrecy.
In theory, web 3 is founded on ideals like inclusion, privacy respect, freedom of speech, and greater security. And Keet aspires to be the physical manifestation of these principles. It is, however, not the first chat application to emerge in the cryptocurrency business. Nansen already debuted its messaging program, which allows bitcoin holders to socialize, in June.
