Social layer 2 with retakes

CyberConnect, web3’s first and largest decentralized social network protocol, announced the launch of Cyber, the first re-staked modular Ethereum Layer 2 designed for social and optimized for mass adoption.

Built on EigenLayer and Optimism in collaboration with AltLayer, Cyber ​​serves as a social layer for web3 applications and a gateway for the next generation of users to access web3 experiences, tools, and financial liquidity across all Layer 2 ecosystems.

The AltLayer-protected Cyber ​​Sepalia testnet is scheduled to launch next week. CYBER Staking is now live, allowing participants to earn CYBER Season 2 rewards. At the end of the three-month campaign period, up to 1 million CYBER tokens will be rewarded to stakers. Interested users and developers can find more information at Cyber.co.

Cyber ​​is the latest product from the team behind CyberConnect, a social networking protocol, Link3, a professional networking platform, and CyberWallet, an industry-leading ERC-4337 compliant smart account solution. Since its inception, the CyberConnect social network protocol, including Link3 and hundreds of third-party ecosystem apps, has onboarded more than 2 million users who have cumulatively executed more than 20 million transactions and spent more than $2.6 million in gas fees. The team has received $25 million in funding from Multicoin, Binance Labs, Animoca Brands, Hashed, The Spartan Groups, Delphi Digital, and others.

The future is social

Social is the gateway to mass adoption of web3.

The most used consumer products on web2 are social apps. Decentralized social can restore true user ownership and redistribute up to $150 billion of value locked in Big Tech to creators, users, and developers, creating a virtuous cycle for creativity and innovation.

Blockchain-based social networks provide a great entry point for users to explore the broader on-chain economy. An on-chain economy that is overly focused on financial activities can only engage a limited number of users. The rest of the world should join web3 because their friends are here.

Unfortunately, decentralized social apps at their current stage are not enough to attract billions of users on-chain. Developers must navigate a complex maze of poor blockchain user experience, high gas fees, and low blockchain throughput. Teams also work with their backs against the wall when using a blockchain economy that is incompatible with the app economy.

Cyber ​​is the first Ethereum L2 designed specifically for social, helping developers build and scale web3 apps.

What makes cyber different?

Cyber ​​is working to make ‘on-chain’ the new ‘online’. Here’s how it works internally:

◆ Scaling consumer apps while maintaining Eigenlayer and Ethereum alignment

Cyber ​​can execute up to 100,000 transactions per second with very low gas fees (<~0.01¢). Cyber ​​also deploys a decentralized network, which will be secured by dual staking of ETH and CYBER in the future.

◆ We promise a superchain vision with optimism.

Gone are the days of locking users into a single network or ecosystem. Committed to OP Collective’s superchain vision, Cyber ​​provides the social infrastructure for the ecosystem and enables users and developers to access the entire on-chain economy through superchains.

◆ Onboard 1 billion users with Smart Accounts.

Cyber ​​natively supports account abstraction via EIP-7560 and upgrades web3 onboarding as seamlessly as web2. Native EIP-7212 support allows users to control their blockchain accounts using cryptographic keys or FaceID.

◆ Cyber ​​= Social

Building and growing social apps is 100x easier with Cyber. A built-in social graph helps developers bootstrap apps and leverage shared network effects. CyberDB, a cost-friendly, high-performance distributed storage service from EigenLayer AVS, is the most competitive distributed storage solution available to teams today.

◆ A working economy

In cyber, all network participants, from developers to users, receive economic rewards for their value contributions. Earn native income through bridged ETH, LST and LRT or increase passive income through shared protocol fees.

Don’t forget about community rewards! And discover more ecosystem rewards!

roadmap

Phase 1 (Q2 2024): Test the network with governance framework. Phase 2 (Q3 2024): Mainnet with @EigenDA and distributed validators. Phase 3 (Q4 2024): CyberDB Launch Phase 4 (Q1 2025): Native AA Live

Cyber ​​Sepolia testnet is scheduled to launch next week. And CYBER staking and CYBER Season 2 rewards are now active.

For more information, visit Cyber.co.

Introduction to CyberConnect

CyberConnect is a web3 social network that allows developers to create social applications that empower users to own their digital identities, content, connections, and monetization channels. Messari, Rarible, 1inch, and BNB Chain join over 3,000 projects and 2 million users and creators to build long-lasting connections through apps built on CyberConnect.

disclaimer: The information provided in this press release is not an investment recommendation and is not intended as investment advice, financial advice or trading advice. We strongly recommend that you practice due diligence, including consulting with a professional financial advisor, before investing or trading. cryptocurrency and stock.