Entertainment stars including Jim Carrey, Alicia Keys, Julia Louis-Dreyfus and Snoop Dogg helped demonstrate the features of Airtime.
"We look at Airtime as if it were a smart and engaging host," said Fanning. "Airtime is a service that does everything it can to help you find the people that you should know, and then guide your conversations further. These are connections that wouldn't be possible in the real world."
In addition to supporting seamless video chat with friends, Airtime connects users based on location and shared Facebook interests. Once connected, the users are anonymous until they decide to reveal themselves.
Napster was launched in 1999 as a peer-to-peer file-sharing service, becoming one of the most popular sites on the Web before it was shut down by the US courts in 2001, and eventually acquired by software firm Roxio.
Parker and Fanning later invested in other startups, Parker notably becoming an early stakeholder in Facebook.
- AAP