Web3 idealists race to save decentralization from crypto, NFT crash

In early 2021, the French-Lebanese cryptographer Nadim Kobeissi tweeted out a loose idea he’d just had. “I’m designing a decentralized social media solution where each user hosts their own microservice.” Kobeissi wrote. “These then connect to one another in a mesh, allowing following and sharing posts. It will be lightweight, user friendly and secure. Are you interested in funding its development?” Within a day, Kobeissi had raised $100,000 with that brief, detail-light tweet. A week later, he was the CEO of a new, Delaware-incorporated company called Capsule Social that had…