Exploring CyberConnect: Empowering Web3 Social Connections
CyberConnect stands as a revolutionary decentralized protocol in the realm of Web3, poised to reshape the dynamics of social networks. But what exactly is CyberConnect (CYBER)?
CyberConnect: A Web3 Social Network
CyberConnect is a Web3 social network that empowers developers to create social applications, granting users unprecedented control over their digital identities, content, relationships, and interactions. The platform has introduced CyberAccount in its V3 iteration, enabling users to seamlessly transition into the multi-chain social experience of Web3 based on the abstraction of ERC-4337 accounts. With CyberAccount, users can pay gas fees across networks using CYBER tokens within a single network.
CyberGraph: Enabling Secure and Monetized Social Connections
One of the standout features is CyberGraph, a censorship-resistant smart contract designed to account for content and user relationships, complete with built-in monetization tools. CyberGraph comprises a set of smart contracts that link user identification data (CyberAccounts) to their content and social connections, allowing these rich social data sets to be recorded across multiple EVM-compatible blockchains. Thanks to the adaptable intermediate software, storing valuable user social data in blockchain databases opens up new avenues for social networks and communities, including tokenization-based monetization.
Introducing CyberID: Your Web3 Social Identity
Similar to your username on platforms like Instagram or Twitter, CyberID is an ERC-721 token that serves as a unique descriptor for your account within the CyberConnect social network. Existing CyberProfiles from CyberConnect V2 will soon migrate to CyberID.
IEO and Funding Details
IEO Round Completed:
May 19 — May 20, 2023
ICO Round Completed:
May 18 — May 18, 2023
IEO Details:
- Price: $1.80 per token
- ROI: 2.76x (+176%)
- Max. ROI: 4.02x (+301.6%)
- Funds Raised: $10,800
- Platform: BitMart
ICO Details:
- Price: $1.80 per token
- ROI: 2.76x (+176%)
- Max. ROI: 4.02x (+301.6%)
- Funds Raised: $5,400,000
- Platform: Coinlist
Funding Rounds
Series A Funding:
Funds Raised: $15 million Announced: May 18, 2022 Investors: Animoca Brands (Lead), Sky9 Capital (Lead), Delphi Digital, IOSG, Tribe Capital, The Spartan Group, Amber Group, Polygon Studios
Seed Funding:
Funds Raised: $10 million Announced: November 16, 2021 Investors: Multicoin Capital (Lead), Sky9 Capital (Lead), Animoca Brands, Draper Dragon, Hashed Fund, Mask Network, Zoo Capital, Smrti Lab
Tokenomics and Distribution
- Total Raised: $5,410,800
- Market Capitalization: $14,360,400
- Initial FDMC: $180,000,000
- Circulating Supply: CYBER 7,978,000
Token Distribution
- Total Supply: 100,000,000
- Public Round: 3,006,000 (3.01%)
- Marketing: 10%
- Private Sale: 25.12%
- Team & Advisors: 15%
- Community Treasury: 10.88%
- Miscellaneous: 39%
Insights into IEO and Investments
CyberConnect’s ICO on CoinList:
- Sale Date: May 18, 2023, at 17:00 UTC
- Price: $1.80 per token
- Vesting: 25% unlocked at TGE, followed by a linear release over 6 months starting Q4 2023
- Capitalization: $180,000,000
- Tokens for Sale: 3,000,000 CYBER tokens
- % of Total Supply: 3%
- Minimum Purchase: $100
- Maximum Purchase: $500
In a groundbreaking move, CyberConnect, the decentralized social graph protocol for Web3, announced a Series A funding round amounting to $15 million. Notable participants in this round include Animoca Brands and Sky9 Capital, both renowned for their strategic investments in pioneering technologies.
As CyberConnect continues to redefine social networks and connections within the Web3 landscape, its innovative approach and strategic funding solidify its role in shaping the future of digital interactions.
“Revolutionizing Web3 Social Networks” – CyberConnect’s innovative protocol empowers users to take control of their digital identities and interactions, ushering in a new era of decentralized social networks. The integration of CyberAccount and CyberGraph showcases their commitment to security and user empowerment.