The decentralized finance (defi) lending platform Aave has revealed the launch of a Web3 social media platform referred to as the Lens Protocol. In line with the crew, Lens is a “Web3, good contracts-based social graph” that’s constructed utilizing the Polygon blockchain.
Defi Undertaking Aave Drops the Lens Protocol, Platform’s Intent Is to ‘Empower Creators to Personal the Hyperlinks Between Themselves and Their Group’
For fairly a while now, decentralized social media has been a Holy Grail to many cryptocurrency advocates. Whereas it’s apparent that social media platforms may leverage crypto belongings so contributors can make the most of micro-payments, blockchain may also be utilized for a decentralized model of censorship-resistant social media possession. On February 8, the defi lending undertaking 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 crew who introduced you the Aave Protocol, introducing @Lensprotocol. It is time to personal your digital roots🌿Learn the complete thread to study extra 👇👇👇 https://t.co/5FR1nfj9Vv
— Aave (@AaveAave) February 7, 2022
Aave particulars in a not too long ago revealed weblog submit in regards to the topic, that the Web3 Lens Protocol is “designed to empower creators to personal the hyperlinks between themselves and their group, 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 submit provides:
Since customers personal their information, they will deliver it to any utility constructed on high of Lens Protocol. Because the true homeowners of their content material, creators not want to fret about shedding their content material, viewers, and livelihood primarily based on the whims of a person platform’s algorithms and insurance policies. Moreover, every utility utilizing the Lens Protocol advantages the entire ecosystem, turning the zero-sum recreation right into a collaborative one.
Lens Protocol to Characteristic Profile NFTs, IPFS Help, Social-Based mostly 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 various totally different options together with non-fungible token (NFT) expertise. The principle primitive of the Lens Protocol might be Profile NFTs and NFT profiles may be adopted.
By way of publication, Aave says the platform will help the Inter-Planetary File System (IPFS) and numerous media varieties. Lens Protocol customers will be capable of acquire the publications and re-share issues with a mirror function as effectively. “By amplifying content material, you may earn a minimize from anybody who collects the unique content material via your share,” Aave’s weblog submit particulars. Aave additional says Lens Protocol will deploy “truthful launch drop mechanics” and the Lens Protocol will function social-based verification.
On 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 on the lookout for 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? Tell us what you concentrate on this topic within the feedback part under.
Picture Credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This text is for informational functions solely. It isn’t a direct supply or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, immediately or not directly, for any injury or loss triggered or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or companies talked about on this article.