CyberConnect and Space ID Forge Alliance to Pioneer Universal DID Infrastructure

CyberConnect, a popular Web3 social network, has joined forces with Space ID, a renowned universal name service network, to pioneer a universal decentralized identity (DID) structure. This collaboration strives to seamlessly integrate CyberID into the wider SPACE ID Web3 Name Ecosystem by transitioning to SPACE ID's robust 3.0 architecture. Cyber L2 will be supported by SPACE ID, aligning with its mission of providing scalable, low-cost transactions on Ethereum Layer 2.

CyberConnect and Space ID Partner to Establish a Universal DID Infrastructure

New York, New York - CyberConnect, a decentralized social network, has announced a strategic partnership with Space ID, a universal name service network, to develop a comprehensive decentralized identity (DID) infrastructure. This collaboration aligns with both organizations' shared vision of fostering a more interconnected and user-centric Web3 ecosystem.

Enhanced Interoperability through CyberID Migration

DIDs, which provide individuals with a unique and verifiable digital identity, play a pivotal role in the realm of decentralized social networking. Recognizing their importance, CyberConnect and Space ID have embarked on a journey to enhance the interoperability of CyberID within the broader SPACE ID Web3 Name Ecosystem. This will be achieved through the migration of CyberID to the SPACE ID 3.0 Stack, providing a complete infrastructure for domain registration, resolution, and management.

Existing CyberID non-fungible tokens (NFTs) minted on the Optimism network will be meticulously tracked. Upon the launch of Cyber L2's mainnet, every CyberID holder will receive their respective new CyberID NFTs via an airdrop on Cyber L2. The migrated CyberID will also be integrated into the SPACE ID Web3 Name SDK, enabling seamless multi-chain resolution across the ecosystem.

Supporting Cyber L2's Scalable Future

As an Ethereum Layer 2 solution, Cyber L2 promises lightning-fast and cost-effective on-chain transactions. In line with this vision, SPACE ID will extend its support to Cyber L2, paving the way for its scalable future. This integration will simplify and streamline the minting, trading, resolving, and management of CyberID and other domain NFTs powered by Cyber L2 on the SPACE ID platform.

Moreover, this partnership will catalyze the creation of social applications on top of CyberConnect's existing platform, leveraging the capabilities of CyberID, CyberGraph, and CyberAccount. By leveraging CyberID, users can establish a unique and self-sovereign identity on-chain, unlocking unparalleled web3 experiences.

Ecosystem Airdrop for Cyber L2 Supporters

In celebration of this momentous partnership, SPACE ID has rolled out an ecosystem airdrop for staunch supporters of Cyber. Eligible CyberID holders who are also $CYBER token stakers will receive airdropped $ID tokens. Further details regarding this ecosystem airdrop will be disseminated in the near future.

About CyberConnect

CyberConnect is the first restaked Ethereum Layer 2 platform specifically designed for social interactions and optimized for mass adoption. It serves as the social layer for web3 applications, granting users access to a myriad of web3 experiences, tools, and financial liquidity across all Layer 2 ecosystems. For more information, visit the Cyber website, Twitter, Blog, or Discord channels.

About Space ID

Space ID is a universal name service network that provides a comprehensive identity platform for discovering, registering, trading, and managing Web3 domains. The partnership with CyberConnect aims to enhance interoperability and support the growth of Cyber L2. To learn more about Space ID, visit their website, Twitter, Blog, or Discord channels.

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