Aave starts web3, a social media platform based on smart contracts based on polygon blockchain-
Aave starts web3, a social media platform based on smart contracts based on polygon blockchain-
The loan platform for decentralized finance (Defi) Aave has announced the start of a Web3 social media platform called LENS Protocol. According to the team, Lens is a "Web3, Smart Contracts-based social graph", which was created with the polygon blockchain.
The Defi project AAVE drops the LENS protocol, the intention of the platform is to "enable creators to have the connections between themselves and their community".
For some time now, decentralized social media have been a sacred grail for many supporters of cryptocurrencies. While it is obvious that social media platforms could use crypto-assets so that participating micro payments can also be used, blockchain can also be used for a decentralized version of censor resistant social media ownership. On February 8, the Defi Lending project AAVE revealed the start of the LENS protocol, a Web3 social media platform that uses the Proof-of-Stake (POS) network polygon.
of the development team that the Aave protocol presented to you @objective protocol . It is time to have your digital roots. Reading the full thread to learn more 👇👇👇 https://t.co/5Fr1nfj9vv
- aave (@aAVEAAVE) 7. February 2022
aave details in a recently published blog entry Web3-Lenens protocol "is designed to give creators the opportunity to have the connections between themselves and their community and to form a fully compilable, user social diagram". The developers say that the protocol was "developed from the ground up with a view to modularity to enable new functions to add and at the same time ensure unchangeable user content and social relationships".
The introductory contribution to the LENS protocol from AAVE adds:
Since the users have their data, you can bring it to any application based on the LENS protocol. As a real owner of their content, the creators no longer have to worry about losing their content, audience and their livelihood due to the moods of the algorithms and guidelines of a single platform. In addition, the entire ecosystem benefits from any application that the LENS protocol uses and transforms the zero-sum game into a collaborative game.
lens protocol for functional profile, IPFS support, socially based verification
In recent years there have been numerous attempts to integrate blockchain technology and micro payments into the world of social media. There are still many platforms such as memo.cash, Hive, Steemit, MediaChain, Fluz Fluz Fluz, Peepeth, Minds, Society2 and Civil. The AAVE LENS protocol will use a number of different functions, including non-fungible token technology (NFT). The main element of the LENS protocol is profile and NFT profiles can be followed.
In terms of publication, Aave says that the platform will support the Inter-Planetary File System (IPFS) and various media types. Users of the LENS protocol can collect the publications and share things again with a mirror function. "By reinforcing content, you can earn part of anyone who collects the original content through your approval," explains AAVES blog post. Aave continues that the LENS protocol will use fair launch-drop mechanics and the LENS protocol will include a socially based verification.
At the time of writing this article, the LENS protocol from AAVE runs on the polygon Mumbai test network, and the platform was checked by Peckshield. The LENS protocol is open source and AAVE for developers who can contribute to this and also started a bug bounty for the platform.
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