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Avee Companies announced on July 17 the launch of the second version of the Lens Protocol, which is designed to serve as a social layer for Web3. The new version aims to bring even more control to builders and integrators, as well as anyone searching for Web3-powered experiences.
The first version of the Lens Protocol was purposely built and launched without a user interface. On the other hand, V2 comes with a codebase that has been completely rewritten, refactored and optimized.
Lens V2: Spotlight on Monetization
The main goal of such a move is to allow easy assembly and configuration that provides a better user experience, supports new social use cases, and provides shared monetization opportunities that benefit all Web 3 social networking stakeholders. benefits, be it users, creatives, applications and algorithms, not just individually but collectively as an ecosystem.
The monetization layer has now expanded to include all Web3 applications and profiles, creating opportunities across individuals, applications, algorithms and protocols. Users, applications and algorithms are now integral parts of the monetization chain, allowing them to mutually reward and incentivize collaborative work, fostering a spirit of collaboration within Web3.
Following the development, Stany Kulechov, founder of Lens Protocol, commented,
“Lens Protocol V2 takes decentralized social media and monetization opportunities to a whole new level. Offering maximum flexibility for builders, V2 enables new types of social engagement and monetization relationships, where all stakeholders can individually and collectively share in the value of the social network as an ecosystem.
other features
In terms of new features, V2 will introduce ‘Open Actions’ that will enable developers to deploy new activities on Lens, expanding the different ways people can interact with content and creators in Web3. These operations can be integrated into both existing and future consumer-facing applications.
Lens Protocol V2 adopts an open model that rewards valuable actions at each stage of the value chain to establish a sustainable ecosystem for content creators, applications, algorithms and even external protocols.
The latest iteration has also implemented a new standard called ERC-6551 for user profiles. This standard allows Lens Profiles to have their own wallet, housing ERC-721 tokens and other non-fungible tokens (NFTs). As a result, ERC-6551-powered lens profiles provide NFTs with the ability to perform tasks.
To ensure trust and safety, V2 will allow users to block a profile from commenting, mirroring, collecting or taking any open action.
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Avee Companies announced on July 17 the launch of the second version of the Lens Protocol, which is designed to serve as a social layer for Web3. The new version aims to bring even more control to builders and integrators, as well as anyone searching for Web3-powered experiences.
The first version of the Lens Protocol was purposely built and launched without a user interface. On the other hand, V2 comes with a codebase that has been completely rewritten, refactored and optimized.
Lens V2: Spotlight on Monetization
The main goal of such a move is to allow easy assembly and configuration that provides a better user experience, supports new social use cases, and provides shared monetization opportunities that benefit all Web 3 social networking stakeholders. benefits, be it users, creatives, applications and algorithms, not just individually but collectively as an ecosystem.
The monetization layer has now expanded to include all Web3 applications and profiles, creating opportunities across individuals, applications, algorithms and protocols. Users, applications and algorithms are now integral parts of the monetization chain, allowing them to mutually reward and incentivize collaborative work, fostering a spirit of collaboration within Web3.
Following the development, Stany Kulechov, founder of Lens Protocol, commented,
“Lens Protocol V2 takes decentralized social media and monetization opportunities to a whole new level. Offering maximum flexibility for builders, V2 enables new types of social engagement and monetization relationships, where all stakeholders can individually and collectively share in the value of the social network as an ecosystem.
other features
In terms of new features, V2 will introduce ‘Open Actions’ that will enable developers to deploy new activities on Lens, expanding the different ways people can interact with content and creators in Web3. These operations can be integrated into both existing and future consumer-facing applications.
Lens Protocol V2 adopts an open model that rewards valuable actions at each stage of the value chain to establish a sustainable ecosystem for content creators, applications, algorithms and even external protocols.
The latest iteration has also implemented a new standard called ERC-6551 for user profiles. This standard allows Lens Profiles to have their own wallet, housing ERC-721 tokens and other non-fungible tokens (NFTs). As a result, ERC-6551-powered lens profiles provide NFTs with the ability to perform tasks.
To ensure trust and safety, V2 will allow users to block a profile from commenting, mirroring, collecting or taking any open action.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
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