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 know-how 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 muse for constructing extra significant connections.”
Nevertheless 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 12 months occurred from defective commercials or unhealthy actors in customers’ direct messages, in response to CyberConnect’s press launch.
Link3 will present customers a profile with a verified identification to make sure they’re connecting to reliable folks, says Wei. It’ll additionally permit customers to pick out who can ship them messages relating to 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 interact with members in way more various, tailor-made and productive methods.”
CyberConnect at the moment has 30 partnering initiatives, with over 1.5 million customers and 21 million connections throughout the social graph protocol, in response to Wei.
In Might, the corporate raised $15 million in Sequence A funding led by Animoca and Sky9 Capital.
The Alpha 1.0 model of Link3 goes dwell as we speak for customers with whitelisted addresses or verification codes. The product will launch to the general public by the top of this 12 months.