Social Media Protocol Cyberconnect Launches Link3 For Secure Networking

CyberConnect, a protocol making social media profiles interoperable throughout Web3, is launching a Web3 social networking platform referred to 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, referred to as it “LinkedIn for Web3.”

“Cyberconnect’s mission is to attach everybody on Web3,” Wei instructed CoinDesk in an e-mail. “We discovered {that a} trusted id community is the inspiration 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 p.c of crypto scams over the previous yr occurred from defective ads or unhealthy actors in customers’ direct messages, in line with CyberConnect’s press launch.

Link3 will present customers a profile with a verified id to make sure they’re connecting to reliable individuals, says Wei. It can additionally enable 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 id affirmation and group institution. Wei mentioned that with id verification, “DAOs may leverage their group sources and have interaction with members in rather more numerous, tailor-made and productive methods.”

CyberConnect at the moment has 30 partnering tasks, with over 1.5 million customers and 21 million connections inside the social graph protocol, in line 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 reside right now for customers with whitelisted addresses or verification codes. The product will launch to the general public by the top of this yr.

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