According to TechFlow, Binance Labs has deleted its announcement that it has invested in Cyber​​Connect (CYBER).

Earlier, according to an official announcement, Binance Labs announced its investment in the decentralized social network CyberConnect, which enables users to have control over their digital identity, content, relationships, and interactions.

The funds raised will be strategically used for ecosystem expansion, community rewards, and product launches. This includes the launch of the non-custodial smart contract wallet CyberWallet and the "Login With CyberConnect" SDK to further enhance the Web3 social experience to meet the needs of mass adoption.

In addition, CyberConnect also plans to deploy CyberConnect V3 on more blockchains in the 2024 roadmap, launch the efficient and scalable Layer 2 solution CyberNetwork, and launch the CyberGrant developer program to expand the developer ecosystem.