CyberConnect (CYBER)

Social Identity and Content Ownership

CyberConnect allows users to own their digital identity, content, connections, and interactions on a decentralized social network. It uses CyberID, an ERC-721 token, to give users a unique handle in the network, similar to a username.

Developer Platform and Tools

It provides a scalable and interoperable platform for developers to build social applications. Key components include CyberAccount (identity infrastructure), CyberGraph (censorship-resistant database), and CyberNetwork (gas-efficient network). These tools simplify development and support multi-chain integration.

Token Utility

The CYBER token is used for governance, allowing holders to vote on proposals and budget allocation. It also serves as currency for payments within the ecosystem, such as purchasing CyberID, paying gas fees on the CyberConnect Layer 2 network, and incentivizing developers and users.

Social Graph and Monetization

CyberConnect enables users to create and control their social graphs, connect with others, and monetize their content directly. The W3ST (Web3 Status Token) is a non-transferable NFT that represents a user’s reputation and status in the community.

Ecosystem Growth and Interaction

The platform supports a large user base and high transaction volume, fostering a vibrant decentralized social environment. It encourages community participation through rewards and developer grants, enhancing network effects and social interactions.

Advantages

• CyberConnect returns data ownership to users, allowing them to control their digital identity, content, and social connections.
• It enables developers to build decentralized social applications that empower users with ownership and monetization options.
• The platform uses blockchain technology and encryption to secure user data and assets.
• CyberConnect offers a low-cost settlement layer using payment channels and sidechains, making on-chain social data recording scalable.
• Users can carry portable profiles across platforms, reducing friction and lock-in effects.
• The native token CYBER has multiple uses including governance, rewards, and access to exclusive features.
• CyberConnect supports censorship resistance through its CyberGraph smart contract system.
• It simplifies onboarding to Web3 social experiences with ERC-4337 Account Abstraction, easing gas fee payments.
• The platform fosters innovation by opening social data access beyond Big Tech’s walled gardens.
• CyberConnect has a growing ecosystem and backing from notable investors.

Disadvantages

• The price of CYBER token is volatile, with mixed predictions ranging from significant growth to potential decline.
• The project faces competition and challenges in gaining widespread adoption compared to other crypto coins.
• The total supply of CYBER tokens is large, which can put downward pressure on price if demand does not keep pace.
• Long-term price predictions are uncertain and depend on many external factors like market trends and regulations.
• Some analysts view short-term prospects as less profitable despite strong fundamentals.
• The platform is relatively new, and its success depends on the adoption of decentralized social networks and Web3 technologies.

Founders of CyberConnect

CyberConnect was founded in 2021 by a team of four co-founders: Wilson Wei, Ryan Li, Shiyu Zhang, and Zhimao Liu. Wilson Wei has experience with other Web3 projects like Lino Network and DLive. Ryan Li and Shiyu Zhang were also co-founders of Lino Network and DLive. Zhimao Liu has a background in computer science and has worked at companies like Facebook, Epic, DLive, BitTorrent, and Google. Together, they started CyberConnect to build a decentralized social network protocol for Web3 applications.

Institutional Investors

CyberConnect has 27 institutional investors. Some of the key institutional investors include Sky9 Capital, Animoca Brands, Multicoin Capital, Delphi Digital, IOSG Ventures, Tribe Capital, Spartan Group, Amber Group, Polygon Studios, GGV Capital, Protocol Labs, YZi Labs, Hashed, Draper Dragon, Lattice Capital, and SevenX Ventures.

Lead Investors in Funding Rounds

• Animoca Brands and Sky9 Capital co-led the $15 million Series A funding round.
• Multicoin Capital and Sky9 Capital co-led the $10 million seed funding round.
• Other notable investors participating in various rounds include GGV Capital, UpHonest Capital, Tribe Capital, and Spartan Group.

Additional Investors

Other investors involved with CyberConnect include ArkStream Capital, Bing Ventures, and Zoo Capital among others.

These investors are mainly venture capital firms and blockchain-focused funds supporting CyberConnect’s development as a decentralized social graph protocol.

Halal Status of CyberConnect

• Yes, CyberConnect is halal.
• Reason: CyberConnect is a decentralized Web3 social blockchain protocol focused on user control, data ownership, and social connections. There is no information indicating it involves impermissible activities or revenue sources that would make it non-compliant with halal principles.