CyberConnect, a protocol making social media profiles interoperable throughout Web3, is launching a Web3 social networking platform known as Link3, the corporate introduced Tuesday in a press launch.
CyberConnect’s inaugural product, Link3 makes use of blockchain expertise to create a safe, decentralized community with verified identities. The corporate’s CEO, Wilson Wei, known as it “LinkedIn for Web3.”
“Cyberconnect’s mission is to attach everybody on Web3,” Wei advised CoinDesk in an e mail. “We discovered {that a} trusted identification community is the inspiration for constructing extra significant connections.”
However it’s not nearly creating identities: the product additionally seeks to guard customers from social media-related fraud.
Fifty % of crypto scams over the previous yr occurred from defective commercials or dangerous actors in customers’ direct messages, in accordance with CyberConnect’s press launch.
Link3 will present customers a profile with a verified identification to make sure they’re connecting to reliable individuals, says Wei. It’ll additionally permit customers to pick who can ship them messages concerning funds or digital property.
Link3 plans to work with Decentralized Autonomous Organizations, or DAOs, to raised facilitate identification affirmation and group institution. Wei mentioned that with identification verification, “DAOs might leverage their group assets and have interaction with members in rather more various, tailor-made and productive methods.”
CyberConnect presently has 30 partnering initiatives, with over 1.5 million customers and 21 million connections inside the social graph protocol, in accordance with Wei.
In Might, the corporate raised $15 million in Collection A funding led by Animoca and Sky9 Capital.
The Alpha 1.0 model of Link3 goes stay in the present day for customers with whitelisted addresses or verification codes. The product will launch to the general public by the top of this yr.
