ignatius

Posted on Jun 24, 2023 • Updated on Sep 17, 2023

Unleashing CyberConnect's Decentralized Paradigm

#web3 #blockchain #cyberconnect #socialnetwork

Unveiling the Power of CyberConnect: Exploring The Top-Performing Applications In Web3's Decentralized Social Network

Introduction:

Welcome to an in-depth exploration of CyberConnect, the pioneering and largest decentralized social network in the web3 realm. In this comprehensive report, we delve into the vibrant ecosystem of CyberConnect, highlighting its transformative impact on user ownership of digital identity, content, connections, and monetization channels. As of June 2023, CyberConnect has witnessed remarkable growth, boasting 1.1 million user profiles and 500,000 active wallets that have facilitated over 12 million transactions. With over 2,200 verified organizations utilizing CyberProfiles to engage their web3 native audience on the first native social app, Link3, which amasses a staggering 1 million monthly active users, the platform has become a thriving hub for innovative projects. Our objective is to provide an unbiased evaluation of the top-performing applications within the CyberConnect ecosystem, shedding light on their contributions, team backgrounds, fundraising endeavors, and the real-world problems they aim to solve. Join me on this insightful journey into the realm of CyberConnect's transformative social applications, backed by factual analysis and interviews with the teams behind these projects.

Empowering Innovation: Building Revolutionary Social Features on CyberConnect

CyberConnect, web3's leading decentralized social network, serves as the bedrock for a diverse array of groundbreaking applications that are reshaping the digital landscape. Leveraging the cutting-edge technology and open infrastructure provided by CyberConnect, developers have harnessed its capabilities to create a remarkable spectrum of social features that cater to a multitude of user needs. From community-owned social networks that foster inclusivity and collaboration to dynamic marketplaces that redefine online commerce, and from content curation platforms that curate the best of the web to innovative discovery tools that connect like-minded individuals, the possibilities seem boundless. Within the CyberConnect ecosystem, these visionary projects are flourishing, pushing the boundaries of what is achievable in the realm of social interaction. I encourage you to follow along as we embark on a captivating exploration of the ingenuity and creativity that arise from the fusion of CyberConnect's technology and the vision of these pioneering applications. Discover how they are revolutionizing the way we connect, engage, and share in the digital age, and witness the remarkable impact they are making on the lives of millions worldwide.

Evaluating Excellence: Methodology for Selecting Top-Performing Applications

In order to identify the crème de la crème among the multitude of projects thriving within the CyberConnect ecosystem, a rigorous evaluation process was employed. The selection criteria focused on objective metrics and factors that directly contributed to the growth and success of the CyberConnect protocol. The coming sections would shed light on the evaluation methodology, highlighting the specific metrics considered, the importance of user traction, and the significance of measurable outcomes. By adopting a fact-based approach rather than relying on subjective opinions, the evaluation process aimed to provide an assessment of the project's performance. Furthermore, this report sought to uncover the problems each project addressed, the uniqueness of their solutions, the backgrounds of the teams driving their development, and the fundraising efforts that have propelled them forward. To ensure a comprehensive analysis, short interviews that were conducted with the teams behind these projects, providing valuable insights into their motivations, challenges, and aspirations each of those interviews are also included in this report. Walk together with me, let's see and unveil together the meticulous process undertaken to identify top-performing applications within the CyberConnect ecosystem and gain an in-depth understanding of the impressive achievements and contributions of these outstanding projects.

The next section would set the stage for discussing the evaluation process and the subsequent sections that would delve into each of the selected top-performing applications, presenting their problem-solving approaches, solutions, team backgrounds, fundraising endeavors, and short interviews.

Unveiling Top-Performing Applications on CyberConnect

More than 50 projects are utilizing CyberConnect’s social network infrastructure to power exciting new user-focused applications. Some notable projects include:

Link3 is a Web3 social network that integrates on-chain and off-chain data to establish trust and deliver verifiable information. With its holistic identity profile page, Link3 enables trustworthy networking and meaningful connections among users and organizations. Link3 which amasses a staggering 1 million monthly active users, the platform has become a thriving hub for innovative projects and a boost to CyberConnect's ecosystem.

Within 5 months of its beta launch, over 1000 top projects, including BNB Chain, CoinMarketCap, Zerion, Galxe, and more, are utilizing Link3 to engage more meaningfully with their communities.

The first feature of Link3 is the establishment of verifiable identities. Organizations and individuals can create their all-in-one link homepage, showcasing their relationships, content, assets, qualifications, and other on-chain activities. When other users click on their links, they can ensure that they are harmless and official links. Considering the significant presence of fake links on platforms like Twitter and Discord and the potential asset and identity theft they can cause, trust and security are genuine pain points for Web3 users. Therefore, Link3 is not just a simple counterpart to Linktree, but it has practical significance within the Web3 space. The establishment of identity can also be seen as an important step in the development of Web3 social interactions.

Specific Problems In Social Networks

In the realm of digital social networking, trust is alarmingly scarce and is a problem. The internet, originally designed to connect machines, lacks a built-in identity layer on a systematic level, resulting in a dearth of trust among individuals. This deficit of trust creates hurdles in networking and direct message interactions, leading to disconnection and difficulty in reaching the right people. Shockingly, the Chainalysis annual Crypto Crime report reveals that scamming emerged as the most prevalent form of cryptocurrency-based crime in 2021, resulting in an astounding $14 billion in cryptocurrency stolen from unsuspecting users.

Social media platforms have emerged as significant contributors to crypto fraud, with nearly 50% of reported victims falling prey to fraudulent advertisements or direct messages on platforms such as Instagram (32), Facebook(26), WhatsApp(9), and Telegram (7). To address this issue, Link3, powered by CyberConnect's composable social graph, offers a solution that promotes trust-building through verifiable connections and enriched, contextualized identities. By providing users with a comprehensive view of their connections, credentials, DAO membership, project involvement, and roles across various platforms, Link3 enables a more complete and trustworthy understanding of each user's profile.

For users, Link3 will deliver a number of benefits, including:

Simplified Networking: Share your profile as a curated business card to quickly showcase who you are and why connections will be valuable.
Streamlined Applications: Use your profile to submit applications and eliminate redundant verification processes.
Verified Connections: Gated direct messages by inviting people with verified and valuable traits, background and capabilities.
Community Involvement: Delegating votes within communities of trustworthy,meaningful connections.

Below is an Interview with CyberConnect Co-founder;

PALO ALTO, Calif., July 19, 2022 (GLOBE NEWSWIRE) -- CyberConnect, “To date, we have failed to adequately protect internet users,” said CyberConnect Co-founder and CEO, Wilson Wei. “A trustworthy identity network will be the cornerstone of the Web3 social network. Knowing who is connecting, why they are connecting, and where they are connecting is essential for the next generation of cyber services to break out of the starting gate. The keys to the future stem from trusted connections and meaningful contexts.”

CyberConnect Co-founder and CEO, Wilson Wei.

Web3 is expanding beyond financial applications and revealing the potential of a decentralized society. However, the lack of trust in the Web3 space needs to be addressed. Link3 aims to provide trustworthy networking capabilities for Web3 users, allowing them to connect with verified identities. This holistic ownership of identity will facilitate discovery and interaction. By using Link3, Web3 organizations can engage in community management and improve trust among users. In 2021, users lost $133 million in cryptocurrency due to impersonation scams, where malicious actors posed as well-known businesses like Amazon, Microsoft, or banks.

Link3 corrects these problems in a variety of ways, including:

Link Verification: Protects users from scams and fraudulent links plaguing Twitter and Discord.
Trustworthy Content: Projects can showcase their content across platforms within Link3, giving community members more content and context in one unified place.
Connected Community: Through address-based connections, projects can build Web3-native communities and engage with them through token-gated events, airdrops, and more.

Notable Fund Raising Efforts by Link3

The launch of Link3 follows CyberConnect’s recent Series A raise co-led by Anomica Brands and Sky9 Capital, as well a seed raise led by Multicoin Capital, totaling $25 million in funding.

A Little History of Link3 Teams Background

The founding team of CyberConnect consists of serial entrepreneurs who previously founded DLive, a decentralized blockchain-based live-streaming company, and Lino, a blockchain project. In 2019, they were fully acquired by BitTorrent.

Starting immediately, individuals with whitelisted addresses or invitation codes can create verified profiles. To be whitelisted, you must be mentioned on a verified Link3 project profile or have a significant Web3 Key Opinion Leader (KOL) on Twitter follow you. For upcoming whitelisting campaigns and NFT drops, follow Link3 on Twitter. To learn more about Link3 and join the waitlist, visit http://Link3.to

Phaver, is building the gateway to Web3 social, with 170,000+ unique users and over 90,000 weekly actives already experiencing Lens Protocol as well as Phaver’s proprietary off-chain posting. Besides traditional social media functionality, Phaver’s unique gamification model allows the best creators, curators, and moderators to earn from their work directly in-app, invest in evolving their follower count and credit score on the platform, or redeem in-app points for upcoming Phaver tokens this summer. With the addition of CyberConnect, users can now also merge their various social graphs and content feeds into one intuitive experience.

Our digital identities have become inseparable from our sense of self, thanks to social media. It has provided opportunities to connect, join communities, meet influential individuals, and express ourselves authentically. Web3 has opened doors for envisioning a future of social media where we have control over our content and identity, ensuring safety from the problems of misinformation and spam within our communities. Trust is no longer reliant on centralized systems but on peer-to-peer interactions. The CyberConnect team is leading the way in reshaping this digital social media landscape through decentralized technologies and protocols.

Problems and Solutions Offered by Phaver for the Social Web

Phaver's primary goal is to make Web3 social accessible to everyone. Utilizing a Web2.5 approach, Phaver allows individuals to explore and follow Web3 content, even without a wallet or profile, while also providing a fully on-chain experience for those who are prepared for it. The recent integration enables users to delve into the world of CyberConnect, and the option to follow ccProfiles off-chain offers a unique starting point for their Web3 journey. Once users are ready, they can log in with their ccProfile or create a new one within the app to unlock all the on-chain features and benefits of decentralized ownership. All activities within CyberConnect are included in Phaver's reward program, providing an opportunity to earn upcoming Phaver tokens prior to their launch. Additionally, Phaver users will soon have the ability to send direct messages to one another, even across different social protocols.

Also, Phaver the gateway to Web3 social built on Aave’s Lens Protocol, announce the milestone of 100,000 unique users. Phaver has developed an innovative Web2.5 approach that enables individuals to access and engage with content on the exclusive Lens Protocol without any barriers. By simply logging in with an email, users can experience all the content and establish a follower graph. Initially, this data is stored off-chain. However, when users connect a Lens profile non-fungible token (NFT), provided to active users through a collaboration with the Lens core team, the data is seamlessly onboarded to Polygon and transformed into an on-chain social graph. This integration bridges the gap between off-chain and on-chain experiences, offering a smooth transition for Phaver users.

Interview with Jonathan Lintala, co-founder and CEO of Phaver during the partnership with CyberConnect, said:

"This partnership is a crucial step for Phaver to unlock our multi-protocol vision and become the de facto social app for all Web3 users regardless of the network or ecosystem they are most engaged with. CyberConnect is on a mission to connect everyone on Web3 and it was a no-brainer decision for us to integrate with their robust social network infrastructure to bring decentralized social to the masses. By welcoming 190k+ ccProfile holders into the Phaver world, we are strengthening our position as one of the largest Web3 social apps in the space and getting ready to capitalize on the massive potential and give people back the ownership of their social lives".

Joonatan Lintala, Co-founder & CEO of Phaver

More outstanding solutions offered by Phaver;

Web2.5 Phaver profiles offer users easy onboarding and the ability to showcase NFTs from various chains. Users can connect multiple wallets, allowing them to keep their valuable NFTs separate from their everyday wallets. They also have control over which wallets and items are reflected on their profiles, enabling them to curate their on-chain life. On-chain credentials, such as the soulbound tokens launched by Clique and Phaver on Polygon, can enhance reputation in a new environment. These tokens, based on Twitter and Discord history, provide perks on Phaver and coveted whitelist spots on Lens for top-ranking Twitter users, facilitating the transition to Web3 and protecting against bots and fake accounts. In the future, Phaver aims to embrace a multi-protocol era, enabling seamless connections with friends across platforms like Lens, Farcaster, and Mastodon. With the absence of walled gardens and invasive Web2 business models, users have the freedom to choose their preferred user experience, accessing and posting content on multiple social networks simultaneously.

Phaver’s “Share-to-Earn” model is at the heart of its mission and success. The model works by rewarding users who create, curate, and moderate content, all actions that come with innate value for a social media platform. By using a dual-token economy, Phaver is able to approach monetization differently, removing the need for the selling or sharing of user data. Combine this with the DAO structure that allows users to participate in the decision-making process and it is easy to see why users would find Phaver to be a fairer social media network.

“Phaver aims to be the future of social and in 5 years wants to provide the next billion users with access to a social platform that gives the owner and rewards they deserve while providing content that’s not optimized for addiction or controversy and makes the world better instead of worse,” says Joonatan, who now serves as the startup’s CEO.

About Phaver Teams Background

Phaver employs up to 22 or more employees, Joonatan Lintala(CEO and Co-Founder), Carlo Hyvonen(CTO & Co-FOunder), Tom Hämäläinen(Co-Founder).

The tech team has built a strong reputation for their expertise and contributions in the field. Their deep knowledge and experience in decentralized technologies, protocols, and blockchain solutions have garnered respect from industry peers. The team's commitment to staying at the forefront of web3 advancements and their dedication to quality craftsmanship have solidified their reputation as a trusted and reputable force in the web3 ecosystem.

Fund Raising Efforts

Phaver has raised a total of $1.6M in funding over 3 rounds. Their latest funding was raised on Jun 1 2022, from a Venture.
Phaver is funded by 4 investors. Foresight Ventures and Superhero Capital are the most recent investors.

Get started today with Phaver which is available on iOS and Android. Use the invite code “COINTELEGRAPH” to join the invitation-only beta. If you have questions or want to learn more, you can join the highly active Phaver Discord.

Oasis Origin is a Web3 Social super-app. As one of the fastest-growing metaverse products globally in 2022. Oasis users use the app to engage in various social activities such as watching sports, concerts, playing board games, and more. it has garnered over 10 million registered users and entered the social charts in more than 130 countries.

By integrating with the CyberConnect protocol, Oasis Origin facilitates the binding of ccProfile NFTs and allows users to bring their social assets from other apps into its ecosystem. Recently, Oasis announced a major Web3 upgrade and launched Oasis Origin on BSC.

Oasis Origin Specific Problem-Solving Analysis

In a recent breakthrough, Oasis introduces Oasis Origin on BSC, an innovative on-chain iteration on the Binance Smart Chain. This cutting-edge version incorporates MPC authentication and is divided into three distinct sections: World, Club, and Square. Within the immersive "World" segment, users can actively participate in voice chats, enjoy shared movie experiences, and even organize intimate music festivals. The dynamic "Club" area empowers users to personalize their spaces with an extensive collection of tens of thousands of assets and props, enabling endless creative combinations.

"The new scene called "Square" supports thousands of people to interact simultaneously. "Square" mainly serves events such as product launches, AMA sessions, and community calls. Currently, functions such as barrage, interactive games, asset airdrops, asset auctions, and whitelist distribution are all being prepared." (source -> GlobeNewsWire)

Furthermore, Oasis Origin provides the capability for users to associate their CyberConnect Link3 profiles. By utilizing their wallet for login, users are seamlessly directed towards creating a ccProfile NFT while setting up their account. If a user already possesses a ccProfile NFT, it will serve as their unique user ID, and their on-chain friendships will seamlessly merge with Oasis Origin. As an added bonus, users will receive an airdrop of a designated area called "Link3 Space" within Oasis, where they can integrate their Link3 data, showcasing their on-chain assets and displaying content from other Link Pages in the immersive Oasis space scene.

Successful Series of Oasis Fund Raising Efforts

Oasis, an interactive social platform and focused on the metaverse, completed a B round of financing worth tens of millions of dollars. This round was led by 5Y Capital and followed by Vitalbridge and BAI Capital. Echo Capital acted as the exclusive financial advisor.

"After the establishment of a $160 million investment fund, a long-dormant layer 1 project with a focus on privacy is showing signs of life.

The Oasis Foundation announced the launch of the fund in collaboration with a host of major venture capital firms, including Dragonfly Capital Partners, Draper Dragon Fund, Electric Capital, FBG, Jump Capital, Kenetic Capital, NGC Ventures and Pantera Capital, according to a press release.

The fund will be used to seed early stage projects building on Oasis, including “DeFi, NFTs [non-fungible tokens],
metaverse, data tokenization, data DAO, data governance” and other projects." (source -> CoinDesk).

Interview with CoinDesk;

"In an interview with CoinDesk, Oasis Labs founder Dawn Song said there is already a deal-flow pipeline of young projects ready for announcement. “The hope is that everyone works together to fuel the growth of the ecosystem,” she said."

Oasis’s social interaction in the metaverse is mainly composed of “virtual activities,” an “acquaintance relationship chain with virtual identity” and “diverse organizational forms.” Its team is creating a new virtual economic ecology featuring these three aspects. Within the Oasis platform, users can virtually complete a large number of real-world activities, including watching movies and livestreams, singing, playing cards, chess and board games, and even working and attending classes. The blockchain version of Oasis has a login function using a virtual currency wallet, converting avatars into NFTs (non-fungible tokens), and the ability to connect to CyberConnect’s “CCProfile” and “Link3” to form a social graph.

Oasis Origin won the top prize, the “Comprehensive Social DApp Award”, at the Web3 Social Hackathon “Connected 2023” hosted by BNB Chain, which ended on March 9

Oasis Origin is one of the major contributor and a large scale user technology which is integrated with the CyberConnect protocol.

Oasis Teams Background Story

The Oasis Top-Tier team is made up of world-leading researchers, security experts, and privacy advocates — all working together to build a platform for a responsible data economy. The team being made up of top talent, from around the world, with backgrounds from Apple, Google, Amazon, Goldman Sachs, UC Berkeley, ....

Visit and get in touch with this cutting-edge tech and enjoy all the thrilling experiences Oasis Origin has to give.

ReadON, which for me has to be top of the list for incentive oriented technology with top-notch innovative mechanisms in this report, aims to build a Web3 content community platform based on topic classification, but its target users are not limited to those already familiar with Web3. In fact, ReadON is working to become a content bridge that will introduce the Web3 world to Web2 users through the continuous update and improvement of its platform.

ReadON is a Read-Fi mobile application that aims to build the largest decentralized content distribution engine, help users to discover high-quality content efficiently, and overcome the information cocoon problem brought about by traditional social media. To achieve this goal, they have carefully designed a novel "incentive strategy" for content creators, curators, and consumers along with a topic-bond NFT system. Meanwhile, the viral effect of content sharing and the large reading population will naturally introduce more users to Web3 through ReadON.

Problems and Solutions Offered By ReadON

Difficulties for Web2 users to enter the on-chain world;

Web2 users face difficulties when entering the on-chain world of Web3. Creating a wallet is a primary challenge for newcomers, as most Web3 projects require connecting a mainstream wallet for the sign-in process. This can be confusing and intimidating, requiring users to register for a new wallet, generate mnemonic phrases/private keys, and import them into the app. Unfortunately, statistics show that approximately 60% of people give up during the wallet registration process.

ReadON (MPC) Wallet Solution

Mature solutions now enable Web2 users to log in to DApps securely and decentralized while utilizing their familiar Web2 login method. This approach simplifies the process, reduces user loss, and eliminates the insecurity associated with mnemonic phrases.

ReadON will leverage Particle Network's wallet solution, enabling both Web2 and Web3 login methods. This allows newcomers to use familiar Web2 methods like email, phone numbers, or social media accounts for login. Existing Web3 wallet holders can also log in by importing their private keys. This user-friendly approach ensures accessibility for all users. Particle Network utilizes a secure multi-party computation (MPC) model to safeguard private keys. With this model, the private key remains secure and hidden, eliminating the risk of exposure.

ReadON’s Path

ReadON will design and implement a public contract for content both on-chain and off-chains, so that existing public Web2 content can be indexed, ranked, and distributed to all users.

ReadON will not only be a decentralized content distribution engine but also a decentralized recommendation system that leverages user data. The real external value will be generated when the ecosystem supports promotional content from 3rd-party projects and use cases. This will enable users to truly own their data and gain benefits from them.

ReadON will serve as the leading platform for high-quality crypto content, catering to crypto natives. Additionally, there aim to provide a seamless reading experience for Web2 users curious about crypto, facilitating their learning journey toward Web3. Users will gain confidence and receive a certificate of their Web3 understanding, backed by on-chain data.

"Do you ever wonder, what if we could make reading as addictive as games? inspired by the successful move to earn projects we realized that to combine a healthy lifestyle with a gamification design we could come up with something really exciting, and here we bring you ReadOn, an innovative read-to-earn mechanism that is designed to hack our brain to get addicted to reading". says one of ReadOn's team members in a youtube interview.

Seed Fund Raising Efforts, August 11, 2022

ReadON, a company that aims to provide users with a brand-new content consumption experience by utilizing blockchain, completed its seed investment round of $2M led by SevenX Ventures. Other investors included HashKey Capital, Foresight Ventures, Sky9 Capital, ArkStream Capital, Puzzle Ventures, CyberConnect, M23 Fund, Smrti Lab and individual investors. The seed funding will be used to develop a ReadON mobile application and a decentralized recommendation system.

ReadON’s Team

The founding team includes engineers and product leaders from Web2 social giants like ByteDance, Pinterest, and QuTouTiao, which is the largest Web2 Read-to-Earn project with 30M DAUs. The team includes machine learning experts from the Natural Language Processing lab of Carnegie Mellon University who are experienced in content understanding and distribution and is also supported by growth hackers who assisted StepN and Steemit along their journeys.

Get started today with ReadOn which is available on iOS and Android. If you have questions or want to learn more, you can join the highly active ReadOn Discord.

And there you have it with the list going on and on, you can even be more open to adding your "own" to the list of projects, my dear esteemed readers please permit and bear with me as I call an end to the comprehensive report here if not we will be reading our eyes out :-)

With different apps and real-world use cases being built and integrated into the CyberConnect protocol, I am also pretty sure these remarkable accomplishments by CyberConnect would tend to stick with us for the long haul.

As we conclude this captivating journey through the realm of CyberConnect, it becomes abundantly clear that this decentralized social network is more than just a technological marvel—it's a hub of innovation, collaboration, and boundless possibilities.

With its user-centric features, CyberProfile, CyberConnect Social Graph, and CyberWallet, the platform has empowered millions to take ownership of their digital identities, content, and connections. From community-owned social networks to dynamic marketplaces, and content curation platforms to discovery tools, the applications built on CyberConnect have revolutionized the way we interact, transact, and share in the digital age.

In this vast web3 universe, CyberConnect has become the life of the (digital) party, where user profiles dance their way to 1.1 million and wallets shimmy through 12 million transactions. With Link3, the native social app, boasting a million monthly active users, it's like a digital carnival that never sleeps! CyberConnect has become the go-to destination for verified organizations, creating CyberProfiles faster than you can say "decentralization." It's the social revolution we didn't know we needed, where the power of web3 is unleashed and everyone can be the master of their digital destiny.

Conclusion

In conclusion, CyberConnect has not only transformed the way we socialize but has also provided a platform for groundbreaking projects to flourish. With its top-performing applications tackling real-world problems, driven by talented teams, and supported by successful fundraising efforts, CyberConnect has become a hotbed of innovation and growth. So, fasten your seatbelts, because the world of CyberConnect is a wild ride filled with endless potential, unforgettable experiences, and a touch of digital charisma that keeps us coming back for more. Embrace the future, embrace CyberConnect—the place where dreams meet decentralized reality!

Resources/References

Contact Information

You can reach out to me on Twitter, Telegram, and Email: littignatius@gmail.com

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