Lens Protocol V2 launches with focus on open standards, profile switching

At the EthCC league successful Paris, Aave and Lens Protocol laminitis Stani Kulechov announced the motorboat of Lens Protocol V2, emphasizing however unfastened standards and portability tin empower users successful societal media.

The request for decentralized societal media

As background, Kulechov reported that centralized societal platforms “lock successful users” and their data, limiting prime and innovation. However, decentralized protocols similar Lens purpose to make an unfastened societal graph wherever individuality and contented are portable crossed applications.

Kulechov pointed to examples similar Threads gaining 100 cardinal users successful 5 days by allowing Instagram imports, highlighting the powerfulness of portability missing from accepted societal media walled gardens.

While centralized platforms similar Twitter power algorithms and data, users make worth but don’t benefit. Decentralized societal protocols effort to hole this by making profiles and contented NFT-based truthful users afloat power their integer identities.

Lens Protocol V1 simplified “building societal applications by providing an easy-to-use societal furniture for web3 with conscionable 5 lines of code.” According to on-chain data, Lens presently has 115,159 accounts holding profiles with implicit 260,000 transactions to date.

Lens Protocol V2

Lens Protocol V2 incorporates this imaginativeness done upgrades similar “open actions” that link immoderate on-chain behaviour to societal content, specified arsenic NFT minting oregon trading. This aims to integrate Web3 activities into the societal acquisition seamlessly. Other features similar “collective worth sharing” alteration the monetization and portability of contented crossed Lens apps.

The caller unfastened illustration architecture separates handles from profiles, with some represented by NFTs, to summation ownership and flexibility. Users tin present person aggregate handles per illustration oregon connect an ENS name. Kulechov highlighted however profiles being NFTs allows different NFTs to person profiles and enactment socially.

Kulechov expanded connected the caller illustration manager stating,

“One absorbing thought towards the illustration manager is that you tin store your illustration safely successful a acold retention and delegate the existent societal actions into a wallet that usage day-to-day basis.

But besides what it allows you to bash is that you tin delegate the societal actions into an exertion wherever you tin make an acquisition wherever you don’t person to motion immoderate transaction successful the future.”

Lens Protocol V2 demonstrates a societal protocol focusing connected unfastened standards alternatively than closed platforms to springiness users much power and ownership. Additional information features purpose to support profiles and forestall issues similar phishing.

While innovative, it’s unclear whether the protocol tin pull the creators and users needed for a thriving societal economy. But Lens’ unfastened doctrine allows anyone to physique connected and widen the protocol to recognize its possibilities. Kulechov ended his EthCC speech by inviting much developers to leverage Lens arsenic an individuality and contented furniture for caller societal experiences.

Follow CryptoSlate connected Lens Protocol astatine @cryptoslate.lens.

The station Lens Protocol V2 launches with absorption connected unfastened standards, illustration switching appeared archetypal connected CryptoSlate.