Aave’s Decentralized Social Media Platform Comes to Polygon

Aave's Decentralized Social Media Platform Comes to Polygon

Aave's Decentralized Social Media Platform Comes to Polygon For DailyBitcoin Editor

the launch of Lens Protocol comes weeks after the founder of aave, Stani Kulechov, was temporarily suspended from Twitter.


In March, the popular decentralized finance platform (DeFi), Aave, reported on the launch of a new version that will offer users asset exchanges between different blockchains. In that update, V3, which promised more security, decentralization and capital efficiency for users, indicated that it would initially be available on six networks Blockchain: Polygon, Fantom, Avalanche, Arbitrum, Optimism, Harmony.

Now, the news of the activation of its decentralized social media platform in polygonal is today a reality.

ave in polygonal

Weeks after Aave founder Stani Kulechov was temporarily suspended from the birdie’s social network for proclaiming himself “Interim CEO of Twitter”, decentralized finance lender’s decentralized social media platform (DeFi) It will be launched.

Lens Protocol opened on the main network of the block chain polygonal today, Kulechov announced on the stage of the conference permissionless in Palm Beach, Fla. Created by Aave Companies, allows developers to create their own decentralized social networks where users own their data.

“All the innovation [Web 3] It has been driven by the idea of ​​property. Kulechov said via Telegram. “Web 3 social ensures that users are in control of their content, which makes applications and algorithms compete to provide the best layer of experience for users.”

The protocol was first announced in February this year, but today people can start creating their profiles, a spokesperson for aave, and pointed out that about 50 applications have already been created in lens.

Each creator with their NFT

Social graph protocols are appearing in the spaceor blockchain to combat concerns about data ownership. The siled data destroyer CyberConnect said on Tuesday that it raised $15 million to develop its protocol. And Twitter founder Jack Dorsey has also long backed efforts to experiment with decentralized social media concepts.

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lens from Aave differs in its focus on non-fungible tokens (NFT): each creator gets their own. These NFT “profile” users link with their followers and communities and interact with the 50+ platforms available at launch.

Aave also launched a $250,000 grant program to fund projects looking to build decentralized applications (dapps) on lens.

At the crypto event permissionless, Kulechov said that Aave Y lens share the same spirit.

“We believe that ownership of content and profiles should belong to you in the same way that DeFi belongs to you”said.

As we said, a press release confirms that more than 50 applications have debuted in Lens Protocol. Between them, Lenster, Lens Booster, SpamDAO, GoldenCircle, PeerStream, Swapify, Social Link and others.

“The social media experience has remained relatively unchanged over the last decade, and much of that is because your content is owned exclusively by one company, which locks your social network into one platform”Kulechov stated at today’s launch.

Sources: coindesk, The Blockarchive

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