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Aave Launches Lens Protocol Social Network

United States, New York, New York
Published 4 years ago
ID #1305
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Aave Launches Lens Protocol Social Network
United States, New York, New York,
Published 4 years ago

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Aave (AAVE), the DeFi lending platform, launched the Lens Protocol ecosystem on the Polygon (MATIC) blockchain as its way to challenge centralized social media platforms like Twitter (NYSE:TWTR) or Facebook (NASDAQ:FB). 

What began with an open letter to garner support for the idea that content creators should own and control their digital identities, led to the development of a Web3-native social network powered by non-fungible tokens (NFTs).

In a Twitter Spaces conversation the company hosted this week, Stani Kulechov, CEO and founder of Aave, outlined the mission behind Lens Protocol.

"We wanted to build a social media protocol, or essentially a social graph, and make those profiles on-chain, following on-chain relationships and creating a form of permissionless content distribution between a creator and an audience."

Kulechov and his team of developers have investigated the problems of current social media platforms. According to one of the developers, known as "Zer0dots" on Twitter, "We are people. We are not products. 

We are not numbers or data points." It refers to the content of users' feeds, whether it is a photo on Instagram or a tweet, which Meta or Twitter can sell as data to corporations. He described how Lens Protocol wants to move from "users being the products" to giving creators enough ownership to choose how their content is distributed.


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    United States, New York, New York
    New St York 349