Lens Protocol, the web3 social network formulated by Aave, is undergoing a important update on Polygon.
Lens Protocol, the sister undertaking of the Aave lending protocol, has just launched its V2 update on the Polygon network.
Introducing Embeddable Smart Posts. Personalize and embed posts immediately with Lens V2 to unlock new monetization possibilities.
Here is our viewpoint on Pay to Read articles. What will you develop? https://t.co/iJG0ThHwtL pic.twitter.com/TSOUnTdOg5
— Lens Protocol (@LensProtocol) November 13, 2023
The update brings a lot of new capabilities, like Profile manager – supports management of personal profiles by one particular or extra people today, as very well as multisig and DAO integration Handles – assists develop a secondary identification layer, distinct from the “profile” on the platform.
Another notable function of Lens is “Pay to read the rest”, leading to consumers to pay out extra to study the rest of the short article. Additionally, Lens was also launched Smart mailyet another way to monetize articles applying protocols, tips, votes, subscriptions and donations.
Stani Kulechov, founder of Aave and CEO of Lens Protocol, explained V1’s objective is to launch the Web3 social network, foster innovation and check resources that advantage the Lens ecosystem. Moving into V2, the undertaking hopes to move to a extra versatile modular style and design, growing consumer autonomy in the social network expertise.
Lens Protocol was launched in February 2022 and efficiently raised $15 million from a lot of big traders. As one particular of the initially startups to lay the basis for the web3 social networking section, Lens aims to conquer the limitations of Web2 platforms this kind of as Facebook and X (Twitter).
Lens has been teasing the V2 because July of this yr. At the time, the undertaking stated that the update would largely deliver modifications to the “Open Actions” function, an update that permits external sensible contracts to interact immediately with posts on Lens. The undertaking also guarantees to integrate the ERC-6551 token normal into the platform, permitting NFT holders to attach a lot of unique sorts of assets and conveniently interact with applications.
In May 2023, Lens launched its layer three Momoka, which is a subnet created on the Optimism platform, which is layer two of Ethereum. Momoka is anticipated to assist Lens deal with big volumes of transactions after the social network is extensively adopted.
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