Lens Protocol is a decentralized social network ecosystem that is growing strongly on Polygon’s blockchain. So what is so special about Lens Protocol that attracts users and how is it different from traditional social networks? Everyone, let’s find out through this article!
To better understand Lens Protocol, people can refer to some of the articles below:
- What is DeSocial? Growth Potential of Decentralized Social Networks
- What is CyberConnect (CYBER)? CyberConnect Cryptocurrency Overview
- What to See When Binance All-In on SocialFi
- What is SocialFi? TOP 5 Most Outstanding SocialFi Projects Currently
Lens Protocol Overview
What is Lens Protocol?
Lens Protocol is a decentralized social network with a Web3 vision built on Polygon’s Blockchain. Lens Protocol gives power and power back to users and developers, thereby creating a society contributed by any participating individual. Lens Protocol is an open source code that allows any project to build and develop on Lens, from which we have the Lens Protocol ecosystem. Lens Protocol will include 2 main elements:
- Profile: Is the .lens domain name similar to Facebook, Google,…
- Ecosystem: Where domain names can be used to log in and participate in protocols about different fields such as social networks, Video, finance,…
Lens Protocol’s ecosystem is extremely diverse with many different types of social networks, and there are also many Finance projects waiting for people to explore.
Lens Protocol’s Mission
In Web2, all power lies with the issuing company/corporation, users have no right to make decisions with their information besides all databases are centralized. It’s very possible that you and your loved ones could have their accounts locked at any time for unclear reasons. And almost all the profits go to the issuing company/corporation, not the developer.
Lens Protocol was born with the mission of building a decentralized social network where all users can contribute together to build a social network and with developers they receive remuneration worthy of the effort they put in. go out.
Lens Protocol Differences
Unlike Twitter, Facebook,… all use accounts/passwords to log into the platform.
The heart of Lens Protocol is the NFT Profile (it is similar to accounts/passwords in centralized social networking platforms). Not only is it the key to help you use the entire Lens Protocol ecosystem, but it also stores all user information including posts, shares, comments,…
Lens Protocol Ecosystem
Lens Protocol is a decentralized social network ecosystem consisting of many projects developed on Lens and uses NFTs produced by Lens Protocol as an account to log into its entire ecosystem.
Some outstanding projects include: Lenster, Lenstube, Meme, Phaver, ORB, RociFi,… To understand more about the Lens Protocol ecosystem, people can refer to some of the following articles:
- Lens Protocol Ecosystem: Changing to Lead the Future DeSocial Trend
- Lens Protocol Changes to Lead the Future DeSocial Trend
- NFT Price Peaks & Lens Protocol Reveals Retroactive Work
Development Roadmap
Lens Protocol has undergone several prominent updates including:
- July 17, 2023: Lens V2 is a breakthrough version in many aspects such as Open Action, sharing collective values, Profile V2,… To understand more about Lens V2, everyone can refer to the article Lens Protocol V2: Vision Leading the DeSocial Trend
Core Team
The main construction and development team of Lens Protocol is the team that developed AAVE. And that is also the reason why Lens is supported so much.
Investor
- June 9, 2023: Lens Protocol successfully raised $15M at Seed with the participation of General Catalyst, Variant, Blockchain Capital, Palm Tree A. Capital, Seed Club Ventures, and Robot Ventures. Besides, there is the participation of some Angel Investors such as Hayden of Uniswap, Sandeep of Polygon, Kevin of Gitcoin,…
Exchanges
Update…
Lens Protocol Information Channel
- Website: Lens Protocol
- Twitter: Lens Protocol
(@LensProtocol) / Twitter - DiscordL Lens Protocol (discord.com)
Summary
Lens Protocol is a potential financial and social networking ecosystem that is worth observing in the near future.
