Aave Launches Web3, Smart Contracts-Based Social Media Platform Built on Polygon
The decentralized finance (defi) lending platform Aave has revealed the launch of a Web3 social media platform called the Lens Protocol. According to the team, Lens is a “Web3, smart contracts-based social graph” that is built using the Polygon blockchain. Defi Project Aave Drops the Lens Protocol, Platform’s Intent Is to ‘Empower Creators to Own the Links Between Themselves and Their Community’ For quite some time now, decentralized social media has been a Holy Grail to many cryptocurrency advocates. While it is obvious that social media platforms could....
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Aave, a decentralized finance lending platform, has recently announced the launch of ‘Lens Protocol’. The Web3 social media platform will be built on the Polygon network. This new launch is Aave’s attempt at expanding its opportunities by introducing varied operations. Aave has been working on this particular development for quite some time, it has now […]
The blockchain firm Aave has launched the Lens Protocol, a social media project with applications built on the Polygon blockchain. Lens is similar to the social media platform Twitter but Lens profiles are linked to a non-fungible token (NFT) that can be ported into decentralized applications. Lens Protocol Is Live – Aave Founder Believes People Are ‘Ready for a Better Social Media Experience’ On Wednesday, the blockchain company Aave announced that the Lens Protocol is now live and roughly 50 applications have debuted on the platform. Aave first revealed the Lens....
Aave will empower content creators to "own their digital roots" and calls for a more sustainable smart contracts-based social experience. Aave (AAVE), the decentralized finance lending platform, launched the Lens Protocol ecosystem on the Polygon (MATIC) blockchain as their way to challenge centralized social media platforms like Twitter or Facebook. What started with an open letter to garner support around the idea that content creators should own and control their digital identities, led to developing a Web3-native social network powered by nonfungible tokens (NFTs). In a Twitter Spaces....
"What if we actually can have ownership on our own presence in social media — our profiles, our social identities?” asked Stani Kulechov. Aave (AAVE) founder and CEO Stani Kulechov said the firm was continuing to develop its decentralized social media platform, with Web3 potentially changing the way many view ownership.Speaking to Cointelegraph at the Collision conference in Toronto on Thursday, Kulechov said Web3 — a buzzword often thrown around, which generally describes the next evolution of an internet based on blockchain technology — could impact how people use social media in much....
Back in January, popular exchange infrastructure Ox launched an NFT Swap Standard on Ethereum. Powered by the fourth iteration of its protocol (v4), the standard will be launched on Polygon, Binance Smart Chain, Fantom, Avalanche, Celo, and multiple blockchains. Related Reading | Aave To Introduce A Decentralized Social Media Platform Built On Polygon The NFT […]