CyberConnect, a United States-based Web3’s social network, has entered into a memorandum of understanding (MoU) for a strategic partnership with Animoca Brands, the Hong Kong-based gaming and metaverse firm, to build a decentralized social layer for Mocaverse, the non-fungible token (NFT) collection of the Animoca Brands ecosystem.

Animoca Brands said in a statement on Tuesday that CyberConnect’s smart account infrastructure CyberAccount will power the identity layer of Mocaverse, offering companies in the Animoca Brands’ portfolio the opportunity to build their own social graph and power interoperable user experiences across games, products, and services.

With CyberConnect’s recent V3 upgrade introducing CyberAccount, Web3’s first scalable and battle-tested ERC-4337-powered smart account, both companies decided to expand the scope of their partnership.

It is noted that since its launch on July 26, 2023, CyberAccount has become an industry leader in ERC-4337 account abstraction, deploying over 90 percent of all smart accounts (smart contract wallets) created to date.

According to the statement, Animoca Brands and CyberConnect plan to lay out an industry model with this upcoming Web3 social network that can lay the foundation for a new primitive in building consumer products and applications that empower users to travel across their favorite applications without recreating their networks.

It is also noted that ERC-4337-powered smart accounts allow Web3 developers to abstract away the complexities of crypto wallets and make the user experience and onboarding as intuitive and familiar as Web2.

Thus, applications built upon CyberAccount will enable users to access various games and services from Animoca Brands and its portfolio companies with an all-in-one smart account.

Even though existing wallet or account solutions like MetaMask allow developers to tap into a crypto-native user base, they lack the ability to empower developers in deploying context-specific, personalized user experiences.

With a social graph deeply integrated with users’ CyberAccount, developers can bootstrap their decentralized applications, significantly reducing the time to bring their product to market and reach previously unexplored user bases.

Animoca Brands aims to increase adoption with this ‘super account’ approach and empower developers with a first-of-its-kind user onboarding solution.

In the coming months, Animoca Brands will roll out support for CyberAccount across Mocaverse, allowing users to bring their friends, fans, followers, and connections with them to their favorite applications.

CyberConnect is Web3’s social network that enables developers to create social applications utilizing ERC-4337/Account Abstraction, empowering users to own their digital identity, content, connections, and interactions.

Founded by Silicon Valley-based serial entrepreneurial team in 2021, there are already over 50 projects that are using CyberConnect to build social features for real-world use cases, such as community-owned social networks, marketplaces, content curation, discovery tools, and more.

As of August 2023, the CyberConnect protocol has 1.2 million user profiles and 400,000 monthly active wallets have conducted more than 16.3 million transactions.

Over 2,600 verified organizations created their CyberProfiles to build their web3 native audience.

CyberConnect’s first native social app, Link3, has 940,000 monthly active users.

CyberConnect is backed by Multicoin and Animoca Brands, among other top investors, and has raised over $25 million since its inception.

Mocaverse is an ambitious project by Animoca Brands that aims to bring together the company’s portfolio projects, subsidiaries, joint ventures, and partners through a unique NFT collection.

Mocaverse features 8,888 Mocas, which are NFT profile pictures (PFPs) that serve as a membership pass for Animoca Brands team members, investors, partners, and certain token holders.

Mocaverse aims to unite the Web3 community through shared purpose and values by allowing holders to exchange ideas, learn, connect, play games, and build the future of Web3.

Animoca Brands is a firm involved in digital entertainment, blockchain, and gamification that is working to advance digital property rights and contribute to the establishment of the open metaverse.

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