DeFiCurrent Page

    Lens Protocol: A Composable & Decentralized Social Network

    Intermediate
    DeFi
    Nov 2, 2022
    11 min read
    0

    AI Summary

    Show More

    Quickly grasp the article's content and gauge market sentiment in just 30 seconds!

    Detailed Summary

    Lens Protocol is a decentralized social network that has a low carbon footprint and an established web3 team behind it. Each user retains ownership over their profile and the content they create. You can set up a DAO account, monetize your content and transfer your data. More web3 tools are to come, as the team believes in constantly working on innovation and serving the community.

    What Is Lens Protocol?

    Lens Protocol is a composable, decentralized social graph on the Polygon proof of stake (PoS) blockchain that empowers creators and puts them in control of their content and data.

    History of Lens Protocol

    Aave, a decentralized lending platform, is the mastermind behind Lens Protocol. Stani Kulechov, the founder and CEO of Aave, felt inspired to create Lens Protocol from discussions about the importance of having control over your digital identity. He’s a critic of the way Web 2.0 social media platforms determine what information users get to view and don't view, sell user data and limit their users’ abilities to take their content onto another platform.

    Grab Up to 5,100 USDT in Rewards

    Also, enjoy 555% APR on Bybit Earn products!

    Start Earning Now