Aave Launches Social Media Project Lens Protocol With Over 50 Apps Built on Polygon – Blockchain Bitcoin News

Aave Launches Social Media Project Lens Protocol With Over 50 Apps Built on Polygon

The blockchain agency Aave has launched the Lens Protocol, a social media challenge with functions constructed on the Polygon blockchain. Lens is just like the social media platform Twitter however Lens profiles are linked to a non-fungible token (NFT) that may be ported into decentralized functions.

Lens Protocol Is Live – Aave Founder Believes People Are ‘Ready for a Better Social Media Experience’

On Wednesday, the blockchain firm Aave introduced that the Lens Protocol is now dwell and roughly 50 functions have debuted on the platform. Aave first revealed the Lens Protocol throughout the first week of February 2022 and the primary functions are constructed on prime of the Polygon community.

Stani Kulechov, CEO and founding father of Aave Companies stated the latest Twitter ordeal with Elon Musk exhibits that persons are in search of one thing completely different than the incumbent social media platforms. “The social media experience has remained relatively unchanged for the last decade, and much of that is due to your content being solely owned by a company, which locks your social network within one platform,” Kulechov stated in an announcement despatched to Bitcoin.com News.

The Aave founder added:


But finally, as seen from Elon Musk’s bid to buy Twitter, persons are prepared for a greater expertise than what they’re used to. Ownership over not solely the content material you create on-line, but in addition your profile and social community is lengthy overdue, and empowering customers is what Lens goals to realize.

Lens Boasts 50+ Social Applications and Creator Monetization Tools Built on Polygon

The 50 functions constructed on Lens covers social functions to creator monetization instruments, the announcement notes. Lens customers which have already minted their NFT profile can entry any of the functions equivalent to Peerstream, Lenster, Swapify, Spamdao, and extra. “Building a Web3 social media platform on Lens Protocol has opened up a new realm of possibilities for our development team and users,” @yoginth.eth the founding father of lenster.xyz remarked throughout the announcement.

Lens Protocol will present customers with the foundations to leverage full possession over their “profile, content, and relationships” whereas plugging into any decentralized software. G.Money, the NFT filmmaker and creator, detailed that lens will empower the platform’s userbase. “An open social graph will allow creators and brands to fully own content distribution and their audiences in a truly multi-platform way. Lens empowers platform choice and opens up wider audiences through direct creator/brand-community relationships,” the NFT filmmaker stated.

Tags on this story

50 functions, Aave, Aave Companies, Aave’s Lens Protocol, content material, Decentralized Social Media, G.Money, Lens, Lens Protocol, nft, NFT profile, open social graph, Polygon Network, profile, relationships, Social Media, social media rivals, Social Media Experience, Stani Kulechov

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Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a monetary tech journalist dwelling in Florida. Redman has been an lively member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com News concerning the disruptive protocols rising at this time.

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