CYBERPrice

(CYBER)

Cyber is a decentralized social infrastructure ecosystem designed to return ownership of digital identity and social data to users. Originally known as CyberConnect, the project has evolved into a comprehensive Web3 platform that includes a high-efficiency Layer 2 blockchain built specifically for social applications. At its core, the project focuses on three main components. First is CyberAccount, a smart account system that uses account abstraction to simplify the user experience. It allows for features like seedless login and the ability to pay for transaction fees across different networks using a single method. Second is CyberGraph, a protocol that records social connections and content in a decentralized way. This allows users to move their social profile and follower base between different applications without losing their data. Third is Cyber L2, an Ethereum-aligned network that provides the necessary scalability and low costs required for social interactions like posting, liking, and following on-chain. The mission of the project is to challenge the status quo of traditional social media, where a few companies control user data and interactions. By decentralizing the social graph, Cyber enables developers to build interoperable applications where users truly own their digital footprints. This infrastructure supports a wide range of use cases, including social media platforms, membership services, and creative economies. The CYBER token serves as the native utility and governance token for the ecosystem. It plays several key roles: Governance: Token holders can participate in the CyberDAO to vote on protocol upgrades and the use of the community treasury. Transaction Fees: The token is used to pay for gas fees within the network and can act as a universal payment method for transactions across multiple chains via the project's wallet solutions. Identity Minting: Users use the token to pay for unique digital identifiers and premium handles, known as CyberIDs. Network Security: The token is utilized in staking mechanisms to secure the Layer 2 network and incentivize node operators. The ecosystem already hosts various decentralized applications, such as Link3, a professional social network, and Phaver, a social platform that rewards content creation. By integrating artificial intelligence tools and restaking technology, Cyber aims to provide a user-friendly bridge for people transitioning from traditional internet services to the decentralized web. The project was founded by a team with experience in both traditional tech companies and early Web3 protocols, focusing on building a scalable and inclusive social layer for the blockchain era. Learn more

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