According to an official announcement from TechFlow, Binance Labs announced its investment in the decentralized social network CyberConnect, which enables users to have control over their digital identity, content, relationships, and interactions. This investment reflects Binance Labs' commitment to the SocialFi infrastructure, enabling more end users and creators to participate in the decentralized social ecosystem.
CyberConnect aims to disrupt centralized social media platforms, providing a community-owned alternative that offers a familiar Web2 user experience. Users can create content in a more direct and decentralized environment, retaining ownership of its distribution and monetization.
In addition, CyberConnect also provides the CyberWallet wallet and "Login With CyberConnect" SDK to enhance the Web3 social experience. This investment will be used for ecosystem expansion, community rewards and product launches.
