Aave Companies’ Lens Protocol has introduced several key features in its latest update
Lens Protocol, by Aave companies, is an open-source tech stack that lets developers build decentralized social networking applications. It is introducing several key features in its latest update. Specifically, V2 Lens will eventually let users block each other on-chain, just like Web2 equivalent Twitter. Blocked accounts cannot comment, follow, quote-unquote, or perform unique, crypto-specific features such as Mirror and Collect.
Lens lets creators own their social media data and take it across any application built using its tooling set. Users can link their followers, community, and content to their NFT profile and port them into any new app. When someone creates a Lens Profile NFT, they can use it to store all the content they make and their relationships with their audience. The aim is to give creators ownership of their content regardless of where it originated.
Collect lets users collect and store content in NFTs on Lens, while Mirror is the platform’s equivalent of retweets. If a mirrored piece of content earns money, the users mirroring the content will also get a piece.
Lens Protocol founder Stani Kulechov shed light on the prospects of the upgrade. He said The latest version, “V2 enables new types of social engagements and monetization relationships, where all stakeholders can share in the value of social networks – individually and collectively as an ecosystem.”
The on-chain user blocking feature is unique to the V2 update, akin to what users may find on Twitter and other Web2 platforms. The capability ensures blocked accounts cannot interact, comment, or use Lens’ crypto-specific features. These include “mirror,” the platform’s version of retweeting, which allows users to share and monetize content, and “collect,” a tool that lets users store content as NFTs on Lens.
