ChainCatcher news, according to The Block, the Solana-based social graph protocol Tapestry has announced the completion of a $5.75 million Series A funding round, co-led by Union Square Ventures and Fabric Ventures. This round of financing adopts an equity plus token warrant structure, with an equity valuation of $35 million and a token network valuation of $70 million.Tapestry currently has 13 employees and has raised a total of $12.5 million. The protocol utilizes Solana's state compression technology to build a social graph at the Layer 1 level, unlike Layer 2-based Farcaster and Lens. The project adopts a freemium business model and plans to expand to ecosystems such as Aptos, Monad, and Berachain in the future.

ChainCatcher news, former ENS Operations Director Brantly Millegan announced on X that the Ethereum Follow Protocol (EFP) has launched on the mainnet. EFP is a decentralized on-chain social graph protocol for Ethereum accounts, serving as a new primitive in the Ethereum identity stack, complementing other elements like ENS and SIWE, which can enhance any crypto application.

ChainCatcher news, ETH Daily announced that the Ethereum social graph protocol efp.eth has been launched on the testnet and is open to all users. This protocol allows users to log in with their Ethereum wallets, follow others, block wallets, and check their leaderboard rankings. EFP enables users to create and manage follow lists through EFP list NFTs. The protocol integrates data from ENS records, displaying profile information such as profile pictures, bios, and social links. Users can also import follow lists from the Farcaster and Lens protocols. The test version aims to stress test the protocol, and actions taken during the testing period will not carry over to the mainnet. Users can also claim EFP Beta Tester POAP NFTs using the protocol.

ChainCatcher news, Foundation founder and CEO Kayvon Tehranian posted on social media: "We are developing a new social network called Rodeo. It is designed to be fun, simple, and very social. Currently, it is invite-only."Farcaster co-founder Dan Romero stated that the upcoming new social network (Rodeo) is supported by Farcaster's permissionless and decentralized social graph.

ChainCatcher news, the Sui ecosystem decentralized social graph protocol Releap Protocol announced the completion of a $2.1 million financing round, with investors including Sui Foundation, GBV Capital, Big Brain Holdings, Shima Capital, Arweave Foundation, Assembly Partners, DWeb3 Capital, Impossible Finance, Solar Eco Fund, and MoveBit.Releap Protocol stated that it has launched a social-focused ecosystem in the testing phase, which will enable users to regain control over their own data. (source link)

ChainCatcher news, the Web3 social graph protocol CyberConnect announced that it has upgraded to version V3. In the coming weeks, CyberConnect will launch an exclusive release event called CyberVoyage in collaboration with Link3, officially introducing the upgraded CyberConnect to multiple L1 and L2 blockchain networks. V3 has three core components: CyberAccount, which is an identity infrastructure compatible with ERC-4337; CyberGraph, a censorship-resistant database for recording user content and social relationships; and CyberNetwork, a high-efficiency, scalable network.The article states that although CyberConnect V2 has been deployed on the Ethereum mainnet, BNB Chain, and Polygon, there are still risks of user identity fragmentation, inability to operate across multiple chains, and complexity in switching between blockchain networks. Therefore, CyberConnect V3 has undergone a series of upgrades to the CyberConnect social network, introducing multi-chain capabilities and scalability. (Source link)

ChainCatcher news, the Web3 social graph protocol Relation has announced its native token REL economic model, with a total supply of 1 billion tokens. Among them, the team and advisors account for 15%, private sale accounts for 15%, listing and liquidity account for 3%, airdrop accounts for 10%, ecosystem incentives account for 7%, ecosystem operations account for 20%, and DAO reserves account for 30%. The airdrop portion will unlock 10% after TGE, and then release daily over 365 days.It is reported that the REL token has utility and will support future scalability solution networks, social credential verification, protocol governance, staking proposal and protocol service payments.According to the crypto data platform RootData, Relation announced a financing round last January with a valuation of $20 million, with participation from HashKey Capital, SNZ Holding, and others. (source link)

ChainCatcher news, the Web3 social graph project CyberConnect announced that its public sale on CoinList has ended, with all 3 million CYBER tokens sold out at a price of $1.8 per CYBER token, raising a total of $5.4 million.CyberConnect stated that a total of 532,000 users from 112 countries participated in the registration, with 11,540 participants in the token sale (approximately 5,750 from the priority queue and about 5,790 from the general queue). (Source link)

ChainCatcher news, the LBS social graph protocol Dspace has completed a $1 million financing round, led by Cypher Capital.It is reported that DSpace will launch simultaneously in the Middle East and Hong Kong. DSpace is jointly launched by Cypher Capital and AI and AR infrastructure company BuzzAR, providing location-based social graph protocol services for over 100 million offline POIs (Points of Interest) and 5 billion mobile internet users worldwide, and will establish global dual headquarters in Riyadh, the capital of Saudi Arabia, and Hong Kong. (source link)

ChainCatcher news, the Web3 social graph infrastructure Relation announced the integration of the ChatGPT artificial intelligence dialogue model, providing unrestricted AI Bot services in Relation IM. Users can interact with the AI Bot through the Relation ONE chat plugin and the HashKey Me mobile app, with AI intelligent dialogue powered by OpenAI's ChatGPT model.According to previous reports from ChainCatcher, on January 28, the Web3 social infrastructure Relation, based on Internet Computer, announced the completion of a seed round financing with a valuation of $20 million, with participation from HashKey Capital, SNZ, Signum Capital, SpringWind Ventures, DRK Lab, Nothing Research, Winkrypto, among others. The specific amount of financing has not been disclosed. (source link)

ChainCatcher news, the decentralized and permissionless Web3 social graph protocol LinkeNetwork announced that it will provide private messaging features through ChatGPT, with each conversation earning a LINKE Token. This feature is coming soon. (source link)