Lens Protocol V2: Enhancing the Web3 Social App
Aave Companies has introduced version two of its Lens Protocol, a web3 social app that aims to create an open and decentralized social media ecosystem. The update brings several new features and improvements, focusing on composability, value sharing, and enhanced functionality.
Key Points:
– On-chain blocking feature: Similar to Twitter, Lens Protocol now allows users to block each other, restricting interactions and access to specific features.
– Monetization opportunities: Lens Protocol V2 introduces features like “collect” and “mirror” to support revenue generation. Users can accumulate and store content as NFTs, and mirrored content generates earnings for both the creator and those who have mirrored it.
– Open design space: The platform encourages developers to build their own consumer apps within the Lens ecosystem. Tools and algorithms created by the developer community enhance the user experience and enable innovative projects.
– Profiles upgrade: Profiles now function as crypto wallets, allowing users to transact and store cryptocurrencies and NFTs. Lens Protocol also enables crypto-native actions, such as joining DAOs and donating to public goods through investing in content.
Hot Take:
With Lens Protocol V2, Aave Companies is making strides towards its vision of a decentralized social media landscape. By offering increased engagement, monetization opportunities, and compatibility with the evolving web3 ecosystem, Lens Protocol aims to carve out its niche in the crypto-powered social media space.
By
By
By
By