CyberConnect, a decentralized social graph protocol for Web3 connections, announced a Series A funding round of $15 million, Invezz learned from a press release. The round was co-led by Animoca Brands, a global gamification and blockchain leader, and Sky9 Capital, a venture capital fund dedicated to supporting disruptive technologies.
Other investors included Tribe Capital, Delphi Digital, Protocol Labs, Spartan Group, GGV Capital, Amber Group, IOSG Ventures, Polygon Studios, and SevenX Ventures.
The funds will be used to continue developing the decentralized social graph protocol, to onboard various Web3 initiatives, and to grow the team.
Elements of the social graph
CyberConnect’s social graph consists of a developer-friendly software development kit (SDK) and a social data network. The SDK streamlines writing and managing social connection data, while the network empowers dApps to use indexed data and recommendations to create meaningful personalized user experiences.
CyberConnect Co-founder Wilson Wei said:
In Web2, companies with the largest social network own users’ social graphs and build walls around them to stem competition and advance corporate interests. Instead of building moats on user data, Web3 developers should be empowered to prioritize building better services and content. All users should be enabled to travel between applications with their own social graph as part of their Web3 identity. For this vision, CyberConnect is building the social graph infrastructure for Web3.
Data ownership has become crucial
The creator market is worth $104 billion and it has become crucial for users to be equipped with data ownership. It is almost impossible to bootstrap a social network and protect yourself from tech giants who control the social graphs and can copy social features from new projects.
CyberConnect solves the problem
The social
