Overview

Disclaimer: This whitepaper is a draft version of the InfinetX and is currently undergoing a legal and regulatory audit. It is not the final and official version of the document.The purpose of sharing this draft is to provide an overview of the proposed project, but it should not be considered as complete, accurate, or legally binding. Any reliance placed on the information in this document is strictly at your own risk.

Social networks have become a ubiquitous part of our lives. However, this massive adoption of centralized social networks comes with a great cost. Centralized institutions and third parties have infringed upon users' data information, identity and social graphs, content production and management, and value definition to varying degrees. All these leave people exposed to issues like privacy breaches, data abuse, algorithmic bias, content censorship bias, and unfair distribution. Users lack control over their own social networks and have always been at a disadvantage in a centralized world.

In response to this situation, InfinetX is determined to build a game-changing digital social world, creating an all-round, secure, and flexible decentralized social network.

The infrastructure of InfinetX uses ZK (Zero-knowledge proofs) technology and a hybrid solution of on-chain and off-chain storage. While ensuring the security of user information, InfinetX is also dedicated to building a more convenient decentralized social network with a highly scalable data storage solution, providing an innovative answer to the “blockchain trilemma” (security, decentralization, and scalability). Without the authorization of users, no one can steal, manipulate or dispose of their social profiles and data. Users can now take advantage of InfinetX’s one-stop decentralized social solution securely and privately.

With the revolutionary social value system, InfinetX is designed to redefine value on social networks with the belief in identity as value, social graph as value, content as value, and data as value. The goal is to make sure that users are exactly who own and control their own social data, digital identities, and content. All values of social identities and the content will be represented in the form of NFT, which is transferable and can be displayed flexibly in different projects. It’s all up to the users. In this way, users no longer need to worry about problems caused by centralized social platforms' policies and other factors, such as disruption of social connections or the inability to transfer the value of users' social content.

Meanwhile, in conformity with the DAO principle in Web3, InfinetX will build together with nodes in the ecosystem based on a common consensus, further enhancing the reliability and robustness of our social network. With the support for decentralized governance, nodes in InfinetX’s ecosystem can take part in the decision-making and iteration of the protocol. Community members will make rules and govern together.

InfinetX is devoted to the the construction of a scalable decentralized social infrastructure protocol and will provide partners with highly composable tokenized modules to lower the development threshold and jointly facilitate the construction of the decentralized ecosystem.

In addition, InfinetX also innovatively introduces AIGC technology to enhance the fun of the social network, allowing projects to achieve higher user participation and giving social networks new growth points, thus creating a new paradigm of decentralized social networks.