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The decentralized finance (defi) lending platform Aave has revealed the launch of a Web3 social media platform referred to as the Lens Protocol. According to the group, Lens is a “Web3, good contracts-based social graph” that’s constructed utilizing 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 fairly a while now, decentralized social media has been a Holy Grail to many cryptocurrency advocates. While it’s apparent that social media platforms might leverage crypto property so contributors can make the most of micro-payments, blockchain will also be utilized for a decentralized model of censorship-resistant social media possession. On February 8, the defi lending venture Aave revealed the launch of the Lens Protocol, a Web3 social media platform that makes use of the proof-of-stake (PoS) community Polygon.
By the dev group who introduced you the Aave Protocol, introducing @Lensprotocol. It’s time to personal your digital roots🌿Read the complete thread to be taught extra 👇👇👇 https://t.co/5FR1nfj9Vv
— Aave (@AaveAave) February 7, 2022
Aave particulars in a just lately revealed blog post in regards to the topic, that the Web3 Lens Protocol is “designed to empower creators to personal the hyperlinks between themselves and their neighborhood, forming a completely composable, user-owned social graph.” The builders say the protocol is “constructed from the bottom up with modularity in thoughts, permitting new options to be added whereas guaranteeing immutable user-owned content material and social relationships.”
Aave’s Lens Protocol introductory put up provides:
Since customers personal their knowledge, they’ll deliver it to any software constructed on prime of Lens Protocol. As the true house owners of their content material, creators not want to fret about shedding their content material, viewers, and livelihood based mostly on the whims of a person platform’s algorithms and insurance policies. Additionally, every software utilizing the Lens Protocol advantages the entire ecosystem, turning the zero-sum sport right into a collaborative one.
Lens Protocol to Feature Profile NFTs, IPFS Support, Social-Based Verification
Over the previous couple of years, there have been quite a few makes an attempt to meld blockchain tech and micro-payments into the world of social media. Many platforms nonetheless exist like Memo.money, Hive, Steemit, Mediachain, Fluz Fluz, Peepeth, Minds, Society2, and Civil. Aave’s Lens Protocol will use a variety of completely different options together with non-fungible token (NFT) expertise. The primary primitive of the Lens Protocol might be Profile NFTs and NFT profiles will be adopted.
In phrases of publication, Aave says the platform will assist the Inter-Planetary File System (IPFS) and varied media varieties. Lens Protocol customers will be capable of accumulate the publications and re-share issues with a mirror function as effectively. “By amplifying content material, you’ll be able to earn a minimize from anybody who collects the unique content material via your share,” Aave’s weblog put up particulars. Aave additional says Lens Protocol will deploy “honest launch drop mechanics” and the Lens Protocol will function social-based verification.
At the time of writing, Aave’s Lens Protocol is operating on Polygon’s Mumbai testnet and the platform has been audited by Peckshield. Lens Protocol is open supply and Aave is in search of builders to contribute and it has additionally launched a bug bounty for the platform as effectively.
What do you concentrate on Aave’s Lens Protocol? Let us know what you concentrate on this topic within the feedback part beneath.
Image Credits: Shutterstock, Pixabay, Wiki Commons
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