Web3 has been attracting great attention, as it has the potential to create a participant-centered symmetric market where participants can independently control and share their data and content based on blockchain technology.
Identity is a key factor that enables interaction between entities. However, current Web3 stack lacks a holistic identity that can interact with a variety of applications and different types of interactions.
CyberConnect is creating a social graph that defines the holistic identity through account abstraction and builds Web2-like UX & participant-centric creative economy.
As the most agile to the latest technologies in the Web3 space, CyberConnect has onboarded the most ERC4337-based smart contract wallets to see use cases of account abstraction, and integration with existing technologies such as DID & VC and ZKP has the great potential to bring further innovation.
In addition, it is considered that CyberConnect is one of the protocols that is closest to Web3 adoption, with a broad ecosystem and the largest user base to actually transform technology into new experiences and share them.
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The crypto industry, initiated by Bitcoin, has developed through the narrative game and is now entering a stage where its technical infrastructure is maturing. Crypto provides a foundation to assign economic value to any idea or interest and enables trading, paving the way for new types of applications and business models. Currently, the crypto industry faces the key challenge of developing popular applications and attracting users. To achieve this, it is necessary to actively apply strategies that leverage speculative demand as a core function.
Blockchain, which enables the digitization of a wider range of assets and expands economies of scale, can serve as an effective foundation for building the sharing economy. IO.NET is successfully completing the bootstrapping of computing resources, demonstrating its potential in this regard.
Let's take a look at what happened in February and what we should keep an eye on in the next month.
This article is the last part of a three-part series covering the DeFerence 2024 event, sponsored by Four Pillars.
