Social Media Protocol CyberConnect Launches Link3 for Secure Networking

The product is debuting two months after the company raised $15 million in Series A funding.

AccessTimeIconJul 19, 2022 at 1:00 p.m. UTC
Updated May 11, 2023 at 4:19 p.m. UTC

CyberConnect, a protocol making social media profiles interoperable across Web3, is launching a social networking platform called Link3.

Link3, CyberConnect’s inaugural product, uses blockchain technology to create a secure, decentralized network with verified identities, according to a press release issued on Tuesday. The company’s CEO, Wilson Wei, called it “LinkedIn for Web3.”

  • Profit-Making Crypto Address Makes New Investment of $16M in BTC
    00:59
    Profit-Making Crypto Address Makes New Investment of $16M in BTC
  • Could the Upcoming Bitcoin Conference Move Markets?
    00:34
    Could the Upcoming Bitcoin Conference Move Markets?
  • How Grayscale's 2.5% Fees Could Impact Investor Interest
    11:27
    How Grayscale's 2.5% Fees Could Impact Investor Interest
  • WazirX Hacked for $230M; Mark Cuban, Vitalik Buterin Speak Up on Crypto and Politics
    02:02
    WazirX Hacked for $230M; Mark Cuban, Vitalik Buterin Speak Up on Crypto and Politics
  • “CyberConnect’s mission is to connect everyone on Web3,” Wei told CoinDesk in an email. “We found that a trusted identity network is the foundation for building more meaningful connections.”

    The product also seeks to protect users from social media-related fraud.

    Fifty percent of crypto scams over the past year occurred from faulty advertisements or bad actors in users’ direct messages, according to CyberConnect’s press release.

    Link3 is intended to provide users a profile with a verified identity to ensure they’re connecting to trustworthy people, said Wei. It will also allow users to select who can send them messages regarding payments or digital assets.

    Link3 plans to work with decentralized autonomous organizations (DAOs) to better facilitate identity confirmation and community establishment. Wei said that with identity verification “DAOs could leverage their community resources and engage with members in much more diverse, tailored and productive ways.”

    CyberConnect currently has 30 partnering projects, with over 1.5 million users and 21 million connections within the social graph protocol, according to Wei.

    In May, the company raised $15 million in Series A funding led by Animoca and Sky9 Capital.

    The Alpha 1.0 version of Link3 goes live today for users with whitelisted addresses or verification codes. The product will launch to the public by the end of this year.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Cam Thompson

    Cam Thompson was a news reporter at CoinDesk.


    Read more about