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- 1 CyberConnect helps to create profiles on EVM-compatible blockchains.
- 2 It helps the user to own their social graph and content that allows them to move seamlessly on several dApps.
CyberConnect is a decentralized crypto social protocol. With the help of this protocol, users do not have to recreate their network on every new platform. It facilitates them to travel on various dApps. It is a Web3 social network that helps developers create social applications by providing digital identity, content, connections, and interactions.
With CyberConnect the account is created that helps users to multi-chain Web3 social experiences leveraging ERC-4337 Account Abstraction. The users can pay gas on any network with CYBER on one network.
CyberGraph, CyberID, and CYBER Token
CyberGraph is the smart contact to record users’ content and social connections. It has built-in monetization tools. The CyberGraph is a set of smart contracts that link the CyberAccounts to their content and social connections.
It enables the recording of that rich social data onto various EVM-compatible blockchains. It has a unique and customizable design. CyberGraph stores high-unit value social data on the blockchain.
CyberID is the account that is created on CyberConnect. It is an ERC-721 token that shows a unique handle for an account in the CyberConnect social network. CyberProfiles play an important role in the CyberConnect crypto platform.
They authorize users with ownership over their online presence, data, and interactions. This develops privacy and directs the creator to audience engagement.
The CYBER token is the governance token. The holders have voting rights and they can delegate their voting rights to others. The voting power decides the protocol improvements.
This token can be used for payments when purchasing CyberID. CYBER is the main tool for forming the platform’s future as community voting helps in making a collective vision of the crypto platform.
CYBER is also used as the price meter and means of payment for gas fees for all transactions within CyberAccount across EVM-compatible chains. The enhanced utility of CYBER shall be introduced by CyberDAO in the future.
W3ST is Web3StatusToken which is a non-transferable NFT with an on-chain issuer reference. It acts as an indicator of users’ status in the community. It helps users to find their community in Web3. It assists organizations in identifying engaged and loyal supporters.
The coin market cap statistics show that its market cap is $151,772, 891 which is 59.47% high and the 24-hour volume at the time of writing is $942,118,554 which is about 336.35% high. Its circulating supply is 11,038,000 CYBER. It seems promising.
Summary
CyberConnect will change online interactions through decentralized control. Its native utility and governance token CYBER can be used for gas fee payments within the CyberWallet. It provides easy cross-chain interactions. The visionary approach of CyberConnect towards Web3 social networking has gathered support form prominent crypto investors and firms.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
