BTC-Newswire

Aave’s social layer Lens Protocol opens up access for everyone to join and build

Press Releases Crypto News CryptoBriefing Aave’s social layer Lens Protocol opens up access for everyone to join and build

Web3 software firm Avara, formerly Aave Companies, announced today that its social protocol Lens has officially gone permissionless. Lens Protocol, the decentralized social media platform built by the team behind DeFi lending protocol Aave, now allows anyone to access the network and build on top of it.

After two years of building a decentralized social protocol, we are excited to announce that Lens is now permissionless and open for everyone to join! https://t.co/f34a2QMUjZ

— Stani^ (@StaniKulechov) February 27, 2024

Launched in beta in February 2022, Lens was designed to be an on-chain alternative to web2 social networks like Twitter or Instagram. It allows users to own their digital identities, relationships, and content.

The move was spurred by strong community demand for permissionless access.

“Still, as we built out Lens’s functionality over the past 18 months, we heard ongoing feedback that made one thing clear: the community wanted to go permissionless,” Lens founder and CEO Stani Kulechov explained.

Developers can now build whatever experiences they imagine on top of Lens without limits. This freedom to innovate is expected to create new use cases and business models. For example, users may soon be able to monetize their content in customized ways or join communities guarded by tokens.

Lens also provides the advantage of a ready-made social graph. This allows new apps to leverage Lens’s existing relationships and profiles to bootstrap their platforms more quickly rather than having to build their networks from zero.

Lens Protocol’s transition comes at a time when decentralized social (DeSo) networks are seeing surging interest and growth. This month, Bluesky – a de

Go to Source to See Full Article
Author: Diego Almada Lopez

Did you like this?
Tip BTC Newswire with Cryptocurrency