- Lens Network’s smart contracts will improve the decentralized social features.
A $31 million investment round supports Aave CEO Kulachov’s idea.
Stanislav Kulachov, the CEO of Aave, has unveiled fresh smart contracts for the decentralized social media platform, Lens Network. This network will provide sophisticated feeds, groups, and pioneering ERC-20 and ERC-721 agreements. The intention behind these features is to arm the Web3 domain with cutting-edge tools that facilitate superior social engagements.
The Lens Network, constructed within the Lens Protocol, is centered around a decentralized social environment, empowering users to own and manage their experience. This upcoming upgrade brings several innovations such as more intelligent feeds and advanced group administration. These advancements aim to bolster the acceptance of Web3 technology.
Kulachov, who played a significant role in Aave’s success, was driven to establish Lens Network following a brief ban from Twitter. This experience sparked his realization of the immediate need for decentralized social media alternatives. In essence, the frustration he encountered served as the catalyst for creating Lens Network, an endeavor focused on offering a platform devoid of censorship for online communities.
Lens Network Improves Utilities in Blockchain.
The Lens Network is set to receive improvements in several key areas. These updates will focus on creating smarter social feeds, revamping group functionalities, and boosting username capabilities. Additionally, the new versions of ERC-20 and ERC-71 contracts aim to further enhance user experience. Kulachov also highlighted ICO and crowdfunding, novel bonding curves, governance structures, and reward programs. The development process will be open-source, with a call for developers to contribute and help expedite progress.
All these contracts will be entirely open-source, allowing developers and users alike to build upon and connect with the Lens Network. This approach clearly demonstrates Aave’s dedication to fostering an inclusive and collaborative environment within the broader blockchain community.
Recently, Lens Network has been drawing increased interest as a pioneering method in the field of SocialFi. A substantial funding round, totaling $31 million, was successfully secured for Lens with the aim of advancing its goals, which include making Web3 more widespread and developing user-friendly, decentralized social media platforms.
With the introduction of this latest collection of smart contracts through Lens Network, it now leads the charge in the realm of decentralized social media, pioneering the integration of smart contracts into primary social interactions.
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2025-01-05 12:25