Cyber

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 <p class="is-style-lead">The <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a>s <a rel="noopener noreferrer nofollow" title="follow" href="https://thebittimes.com/tag/follow.html">follow</a> Vitalik Buterin‘s decision to join the Farcaster decentralized network.</p>
 <p>Binance’s venture arm, Binance Labs, has announced an <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a> in CyberConnect, a decentralized social protocol. In an X post on Oct. 25, the $9 billion venture capital firm said the decision to back the protocol reflects its confidence in the potential of social finance (sofi) to boost web3 adoption.</p>
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    <p lang="en" dir="ltr">We have made a <a rel="noopener noreferrer nofollow" title="follow-" href="https://thebittimes.com/tag/follow.html">follow-</a>on <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a> round in @CyberConnectHQ, a decentralized social network.<br><br>We see SocialFi's potential in propelling Web3 into the mainstream, and we’ll be hosting an AMA to dive into the opportunities of social integrations across the ecosystem. Stay tuned!</p>— Binance Labs Fund (@BinanceLabs) October 25, 2023
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 <p>Although the funding amount was not disclosed, the announcement sent CYBER, a native token for CyberConnect, soaring 30% up to $6.4, as per CoinGecko.</p>
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   Cyberconnect price | Source: CoinGecko
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 <p>The deal comes just a week after Ethereum co-founder Vitalik Buterin joined Farcaster, another decentralized social network, <a rel="noopener noreferrer nofollow" title="follow" href="https://thebittimes.com/tag/follow.html">follow</a>ing the recent hacking of his X account, which was the result of a SIM swap attack.</p>
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  <p>“[…] glad to be on farcaster, where my account recovery can be controlled by a good wholesome ethereum address.”</p>
  <p>Ethereum co-founder Vitalik Buterin</p>
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 <p>Founded in 2021, CyberConnect is a decentralized sofi protocol focused on giving users control over their digital ID, content, and social interactions. Its three core products are CyberAccount, CyberGraph, and CyberID.</p>
 <p>While CyberAccount aims to simplify the complexity of gas payments across many networks and modernize the onboarding process for multi-chain web3 activities, CyberGraph helps store user-generated content and facilitates connecting different blockchain networks.</p>
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Cyberconnect token debuts on Binance with 30% dip
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cyber-spikes-30-as-binance-announces-follow-on-investments-tbt67848.html">https://thebittimes.com/cyber-spikes-30-as-binance-announces-follow-on-investments-tbt67848.html</a></p>

CYBER spikes 30% as Binance announces follow-on investments

TheBitTimes

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