Teenage CEO Purchases ‘hello.app’ Web Domain for $115,000External - Press Release
By: Chainwire •External PR
Barcelona, Spain, October 25th, 2023, Chainwire
- Led by 19-year-old Álvaro Pintado Santaularia, hello.app is transforming the dynamics of data storage for the common good
Teenage founder & CEO Álvaro Pintado Santaularia has purchased the hello.app web domain for $115,000 – launching the world’s first decentralized storage network based on mobile devices, iPads and PCs.
Founded by distinguished young entrepreneurs Álvaro Pintado Santaularia (19) and Alexander Baikalov (20), hello.app wants to disrupt the status quo data storage landscape, and build a ‘decentralized Dropbox’ – empowering users to manage their data on their own terms, fostering a more privacy-centric environment that prioritises the preferences of the individual over corporate interests. As part of the launch, hello.app will be allocating 100 GB of free storage space to new users.
hello.app addresses many of the flaws associated with centralized data storage services, which suffer from single points of failure, are vulnerable to cyberattacks, and offer limited scalability. By leveraging cutting-edge blockchain technology, the platform empowers users with enhanced data privacy, security, and control over their digital assets, providing a more sustainable and efficient way to store data. The company is on a mission to broaden the accessibility of Web3 to mainstream users, with a well-defined and easy to understand use case that can seamlessly be integrated into a user’s everyday online routine.
hello.app Founders Álvaro Pintado Santaularia and Alexander Baikalov have proven their credentials as bonafide tech prodigies in recent years. Álvaro (CEO) is a current member of Mensa, and previously founded Whispr, an AI SaaS venture. Having authored the book entitled "The Decentralised Financial System" at just 17, he has showcased a deep level knowledge of decentralized tech from a young age. His fellow Founder Alexander Baikalov (CTO) is hello.app's 20-year-old CTO, and has been freelancing at a high level within the software domain since the age of 15, bringing invaluable expertise to the team.
The historic acquisition of the ‘hello.app’ web domain for €115,000 represents a strategic investment that aligns with the company's vision to deliver secure, efficient, and scalable solutions for decentralized data storage to mainstream users. The company recently closed a €300,000 pre-seed funding round at a €1.4 million valuation.
Álvaro Pintado Santaularia, CEO and Founder of hello.app, said: “The Web3 movement has been powered by a spirit of decentralization, underpinned by the principles of transparency, user autonomy and security. Web3 systematically addresses many of the prevalent challenges across the Web2 domain – the dominance of select industry heavyweights and the privacy of individual’s data being undercut at every turn. This has been the sad reality of Web2 data storage - until now. The vision of hello.app is to re-wire the status quo data storage landscape and deliver a more user-centric and transparent framework that serves the best interests of the individual.”
hello.app is the world's first user-controlled, open-source, Web3 decentralized storage software. By leveraging the power of Web3 to enable stronger levels of user autonomy and privacy, hello.app is transforming the dynamics of data storage for the common good. By building a ‘decentralized Dropbox’, hello.app empowers users to manage their data on their own terms, fostering a more privacy-centric environment that prioritises the preferences of the individual over corporate interests.