Introducing WEB2 users and bringing incremental users to WEB3, @ CygnusFi is expected to contribute to the growth of industry users. Can it be fully utilized? Let's delve into what Cygnus is together? 1. What is Cygnus? Cygnus is the first blockchain protocol that deeply integrates Web3 with the Instagram ecosystem. Its goal is to bring Instagram's 2 billion users to Web3 through two core products, the "Instagram application layer" and the "modular real income layer", and reconstruct the value distribution model of creator economy, data sovereignty, and artificial intelligence. Technical architecture: Web3 Instagram application layer: Users can directly generate on chain wallets through Instagram accounts (based on account abstraction technology), seamlessly participating in Web3 content interaction, such as liking, commenting, tipping, and other behaviors can be converted into on chain revenue. Modular Real Income Layer: Combining on chain staking, liquidity verification (LVS), MEV income, and high-quality off chain assets (such as RWA) to provide users with low inflation and sustainable real income sources. Ecological positioning: Benchmarking on TON's (Telegram Open Network) social entry logic, but focusing on Instagram's high-value user group (ARPU is 30 times that of Telegram), with the goal of becoming a benchmark protocol for "Web3 social finance". At present, Cygnus has attracted over 8 million users, with TVL exceeding $900 million and generating a total of $17 million in real revenue for users. Its Instagram application layer has 1 million daily active users, demonstrating strong market demand. 2. Financing information The financing process and capital endorsement of Cygnus highlight its strategic potential: February 2024: Completed $20 million in pre seed funding, led by OKX Ventures, Mirana Ventures, Manifold Trading, and others, with Optimism Foundation providing ecological support through Retro Funding. Valuation logic: Starting with an initial valuation of $200 million, significantly lower than similar projects (such as EigenLayer's $9.56 billion FDV and Ondo Finance's $21.1 billion FDV), it has high cost-effectiveness in the market. Capital expectation: Referring to the case of AI coding tool Cognition AI doubling its valuation to $4 billion in six months, if Cygnus can achieve large-scale conversion of Instagram users, there is huge potential for valuation growth. 3. Cygnus' core advantages ① Social Layer: Instagram's Traffic Dividend and User Value User base: Instagram's 2.5 billion monthly active users (61% of whom are high-end consumers aged 18-34) are the highest quality traffic entry for Web3 to date. Product Design: InstaPlay Hub： Attract users and lower entry barriers through lightweight interactions such as Web3 mini games and NFT stickers. Creator Economy: Users can directly support creators with their Instagram accounts, who earn profits through on chain rewards such as tokens and NFTs, forming a decentralized profit sharing model. ② Technical layer: Full chain interoperability and real profit model Omnichain LVS system: supports liquidity verification and re staking across EVM and non EVM chains, improving capital efficiency (compared to EigenLayer's Ethereum single chain architecture). Diversity of income: Income sources cover both on chain (staking rewards, MEV) and off chain (RWA assets), reducing dependence on a single market and enhancing stability. ③ Strategic layer: Meta Gene and Data Sovereignty Layout Team background: The core members come from Meta (the parent company of Instagram) and are well versed in social algorithms and advertising monetization logic. They have reached a technical cooperation agreement with Meta and become its certified Tech Provider. Monetization of data: In the future, users will be allowed to own and trade social data (such as interaction behavior, content preferences), providing fuel for decentralized AI training and breaking the platform's monopoly on data hegemony. Personal opinion Cygnus' ambition is to become a "breakthrough protocol" for integrating Web3 with mainstream social platforms through a dual wheel drive of "Instagram social layer+real revenue layer". Its success depends on two key factors: User conversion efficiency: Can we convert Instagram's massive traffic into active users on the chain; Ecological scalability: Can we establish a moat in the fields of creator economy and data sovereignty (such as attracting decentralized AI platforms like OpenGradient to collaborate). If these two points are achieved, Cygnus may become the next "hundredfold potential" race track leader, and even reshape the boundaries between social and financial.