What is CYBERIGHT? Recent News, Fundraising and Token

Key Takeaways

• CYBERIGHT is a decentralized platform focused on protecting and monetizing intellectual property in the Web3 space, utilizing blockchain for secure digital asset management.
• The platform's native token, CYBR, enables governance, staking, and rewards, fostering community involvement in decision-making.
• What sets CYBERIGHT apart is its integration of AI-driven tools for copyright detection and automated royalty enforcement, making it a leader in DeFi applications for creators.

What is CYBERIGHT?

CYBERIGHT is an innovative DeFi protocol built on the Ethereum blockchain that empowers creators and innovators to safeguard their intellectual property in the digital realm. By tokenizing assets as NFTs and leveraging smart contracts, CYBERIGHT provides a transparent and secure ecosystem for registering, trading, and enforcing rights to digital content such as art, music, and software. This project addresses the growing need for decentralized solutions in the face of rising digital piracy, allowing users to maintain ownership and generate revenue streams through fractional ownership and licensing, all while ensuring compliance with global intellectual property laws.

How Does CYBERIGHT Work?

CYBERIGHT operates by allowing users to upload and register their digital assets on the platform, where they are converted into verifiable NFTs stored on the blockchain. Smart contracts automatically handle transactions, such as royalty payments to creators whenever their assets are sold or licensed, eliminating intermediaries and reducing costs. The platform also incorporates staking mechanisms where holders of the CYBR token can lock their assets to participate in governance votes or earn rewards from network fees. Additionally, CYBERIGHT uses AI algorithms to detect potential infringements and facilitate dispute resolution, ensuring a fair and efficient process for all users. This combination of blockchain security and automated tools makes it accessible for both seasoned crypto users and newcomers in the creative industries.

What Makes CYBERIGHT Unique?

• Advanced AI integration for real-time copyright detection and infringement prevention, setting it apart from traditional NFT platforms.
• Community-driven governance model that gives token holders significant influence over platform updates and policy decisions.
• Cross-chain compatibility, allowing seamless integration with multiple blockchains beyond Ethereum, which enhances scalability and accessibility for global users.

CYBERIGHT Native Token

The native token of CYBERIGHT, known as CYBR, is an ERC-20 utility token that plays a central role in the ecosystem. It is primarily used for governance, enabling holders to vote on key protocol decisions such as feature upgrades and fee structures. Additionally, CYBR facilitates transaction fees for registering and trading assets on the platform, and it offers staking opportunities where users can earn rewards from a portion of the network's revenue, incentivizing long-term participation and security.

TGE Information

CYBERIGHT's Token Generation Event (TGE) took place in Q2 2023, raising approximately $4 million through a combination of private sales and public offerings. The event allocated 40% of the total token supply to early investors and community contributors, with the remaining supply distributed for ecosystem development and liquidity. CYBR tokens were listed on major exchanges like Uniswap and Gate.io shortly after the TGE, and the project has since seen steady adoption in the creator economy.