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CyberConnect, a decentralized protocol for building blockchain-based social graphs, has raised $15 million in a Series A investment. The funding round was led by Anomica Brands and Skyline Capital, which had already raised $10 million for the project in 2021 to launch product…
CyberConnect CEO Wilson Wei, after formally announcing the successful fundraising, added:
“The funding raised is intended to expand the development team. Updating the technical team is necessary to work on scaling the protocol’s actions within the Web3 social graph.”
According to the company’s in-house experts, blockchain technology creates fixed data stores. The project’s protocol provides users with the ability to have rights to personal data, among which are descriptors and information about users of social communities. An important aspect is the possibility of transferring such information between different platforms on the basis of a new generation social graph.
Wilson Wei also shared his vision for the future of the Web3 space:
“We will approach the ability of the metaverse universe to provide cross-platform transfers at a high level of technology. Which will end up being an important era and an invaluable social experience of seamless transfers for ecosystem members.”
Wei also reported that 23 cryptoprojects, including Project Galaxy, Mask Network and Metaforo, have already integrated the CyberConnect protocol into their tryups, while 12 are in the process of negotiating a collaboration.
Earlier, Crypto.ru editorial staff reported that the creators of the StarryNift meta-universe site launched another round of fundraising for their project in the amount of $10 million.
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