# Web3 Social's Multi-Chain Future - CyberConnect Protocol V3

By [simasan.eth](https://paragraph.com/@simasan.eth) · 2023-07-30

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### **A Brief Overview of CyberConnect**

CyberConnect aims to create an innovative platform that combines blockchain and social networks to provide better control and ownership of user data and create exciting new opportunities for developers. It is worth noting that using blockchain in social networks can present its challenges, including scalability, transaction speed, and complexity of interaction for inexperienced users.

> The next step in CyberConnect's development was the release of CyberConnect V2, which introduced the **web3** status token **(W3ST). W3ST** is a status token that rewards the most active and dedicated community supporters. Over 2400 organizations, including CoinMarketCap, PoolTogether, Maverick, etc., have recognized **W3ST** as proof of participation in these communities.

And just a few days ago, the team introduced the new version of CyberConnect V3, which includes innovative technologies and a powerful set of updates to the CyberConnect social network protocol. I want to draw your attention to the **ERC-4337** standard, which is included in the CyberConnect update.

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### What is EIP-4337?

The **EIP-4337** update was presented at the WalletCon conference, associated with ETHDenver, and deployed on the Ethereum network on March 1st. The main innovation of this EIP is the implementation of so-called account abstraction and the introduction of a new wallet standard. Such wallets will function more like Google or Apple ID accounts, as they allow wallet recovery through a list of trusted wallets or email addresses, for example, from friends or family. The **EIP-4337** update changes the gas payment function for third parties. For the mass user, this removes the barrier of using native tokens to pay for gas in L1 and L2 blockchain networks.

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### Application Areas

Now that we have learned how CyberConnect V3 works, let's consider the technology's application areas in **Web3** and social networks. The first thing that comes to mind is paying fees in different networks without using native tokens; you simply make transactions directly with CyberAccount.

> `CyberAccount link:` [https://link3.to/cybertrek](https://link3.to/cybertrek)

Social Rating
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In the context of social networks, "account status" or "account rating" determines different privileges or capabilities for users based on their status or rating. Twitter serves as an example in **Web2**. Looking at it through the lens of CyberConnect and **Web3**, your account is your wallet, which showcases your activity as proof of participation in these communities.

DAO (Decentralized Autonomous Organization)
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In social networks, your "footprint" plays a crucial role. The **EIP-4337** update allows creating multiple keys and jointly owning an account based on zk-proofs. This simplifies and makes the process of interacting with the blockchain more user-friendly.

NFT Migration
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In the **Web3** space, which encompasses various decentralized applications and blockchain-based ecosystems, **NFTs** have gained significant attention and become a popular tool for representing digital assets. With the **ERC-4337** standard, liquidity on different blockchain chains can be increased.

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Overall, CyberConnect V3 and the **ERC-4337** standard have several advantages, but the technology is still in its early stages of development, and there are currently few clients. Additionally, not all dApps support the new wallet standard. CyberAccount could become a key update for the mass adoption of blockchain in social networks, providing the capability to send and pay for transactions on different blockchain chains.

Useful links:

`Link3:` https://link3.to/

`Lineascan:` https://lineascan.build/

`Polygonscan:` [https://polygonscan.com/](https://polygonscan.com/)

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*Originally published on [simasan.eth](https://paragraph.com/@simasan.eth/web3-socials-multi-chain-future-cyberconnect-protocol-v3)*