Aave Launches Web3, Smart Contracts-Based Social Media Platform Built on Polygon

The decentralized concern (defi) lending level Aave has revealed the motorboat of a Web3 societal media level called the Lens Protocol. According to the team, Lens is simply a “Web3, astute contracts-based societal graph” that is built 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 rather immoderate clip now, decentralized societal media has been a Holy Grail to galore cryptocurrency advocates. While it is evident that societal media platforms could leverage crypto assets truthful contributors tin utilize micro-payments, blockchain tin besides beryllium utilized for a decentralized mentation of censorship-resistant societal media ownership. On February 8, the defi lending task Aave revealed the motorboat of the Lens Protocol, a Web3 societal media level that uses the proof-of-stake (PoS) web Polygon.

By the dev squad who brought you the Aave Protocol, introducing @Lensprotocol. It's clip to ain your integer roots🌿Read the afloat thread to larn much 👇👇👇 https://t.co/5FR1nfj9Vv

— Aave (@AaveAave) February 7, 2022

Aave details successful a precocious published blog post astir the subject, that the Web3 Lens Protocol is “designed to empower creators to ain the links betwixt themselves and their community, forming a afloat composable, user-owned societal graph.” The developers accidental the protocol is “built from the crushed up with modularity successful mind, allowing caller features to beryllium added portion ensuring immutable user-owned contented and societal relationships.”

Aave’s Lens Protocol introductory station adds:

Since users ain their data, they tin bring it to immoderate exertion built connected apical of Lens Protocol. As the existent owners of their content, creators nary longer request to interest astir losing their content, audience, and livelihood based connected the whims of an idiosyncratic platform’s algorithms and policies. Additionally, each exertion utilizing the Lens Protocol benefits the full ecosystem, turning the zero-sum crippled into a collaborative one.

Lens Protocol to Feature Profile NFTs, IPFS Support, Social-Based Verification

Over the past fewer years, determination person been galore attempts to meld blockchain tech and micro-payments into the satellite of societal media. Many platforms inactive beryllium similar Memo.cash, Hive, Steemit, Mediachain, Fluz Fluz, Peepeth, Minds, Society2, and Civil. Aave’s Lens Protocol volition usage a fig of antithetic features including non-fungible token (NFT) technology. The main primitive of the Lens Protocol volition beryllium Profile NFTs and NFT profiles tin beryllium followed.

In presumption of publication, Aave says the level volition enactment the Inter-Planetary File System (IPFS) and assorted media types. Lens Protocol users volition beryllium capable to cod the publications and re-share things with a reflector diagnostic arsenic well. “By amplifying content, you tin gain a chopped from anyone who collects the archetypal contented done your share,” Aave’s blog station details. Aave further says Lens Protocol volition deploy “fair motorboat driblet mechanics” and the Lens Protocol volition diagnostic social-based verification.

At the clip of writing, Aave’s Lens Protocol is moving connected Polygon’s Mumbai testnet and the level has been audited by Peckshield. Lens Protocol is unfastened root and Aave is looking for developers to lend and it has besides launched a bug bounty for the level arsenic well.

What bash you deliberation astir Aave’s Lens Protocol? Let america cognize what you deliberation astir this taxable successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.