CyberConnect, recognized as one of Web3’s pioneering social networks, has formalized a Memorandum of Understanding (MoU) with Animoca Brands. The latter is known for its efforts to advance digital property rights in gaming and the open metaverse. This strategic partnership aims to develop a decentralized social layer for Mocaverse, an NFT collection that is an integral part of the Animoca Brands ecosystem.
The partnership leverages CyberConnect’s smart account infrastructure, known as CyberAccount, to bolster Mocaverse’s identity layer. This move will allow companies under Animoca Brands to build their unique social graph. This will further improve interoperable user experiences across games, products and services.
A major development of CyberConnect was the recent V3 upgrade, which introduced CyberAccount. This is Web3’s inaugural scalable and thoroughly vetted ERC-4337 powered smart account. Since its debut on July 26, 2023, CyberAccount has established itself as a leader in the ERC-4337 account abstraction domain, accounting for over 90% of all smart accounts (or smart contract wallets) created to date.
The joint venture between Animoca Brands and CyberConnect aims to become a benchmark in Web3’s social networking space. Their goal is to pave the way for a new paradigm in consumer product manufacturing and applications. This allows users to seamlessly navigate their favorite applications without having to rebuild their networks.
ERC-4337 powered smart accounts are designed to simplify the intricacies of crypto wallets for Web3 developers. This ensures that the user experience and onboarding process are as intuitive as the well-known Web2. Applications built on CyberAccount allow users to access a plethora of games and services offered by Animoca Brands and its affiliates through a unified smart account.
While existing solutions like MetaMask provide developers with access to a crypto-native user base, they fall short of providing developers with the tools to implement context-specific, tailored user experiences. By integrating a social graph with users’ CyberAccount, developers can accelerate the launch of their decentralized applications, reducing time-to-market and tapping into new user demographics. Animoca Brands envisions broadening its reach with this “super account” strategy, providing developers with an unparalleled user onboarding solution.
In the coming months, Animoca Brands plans to expand support for CyberAccount across Mocaverse. This allows users to integrate their networks of friends, fans, followers and connections into their favorite applications.
About Cyber Connect
Founded in 2021 by a team of Silicon Valley entrepreneurs, CyberConnect is Web3’s first and most comprehensive social network. It facilitates developers in creating social applications using ERC-4337/Account Abstraction. This empowers users to take ownership of their digital identity, content, connections and interactions. As of August 2023, the CyberConnect protocol boasts 1.2 million user profiles, with 400,000 monthly active wallets executing more than 16.3 million transactions. The native social app, Link3, has 940,000 monthly active users.
Recently, CyberConnect’s native token, CYBER, has been listed on several major cryptocurrency exchanges. This includes industry giants such as Binance, Bithumb, and Bitget.
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