🚨 The Social Media Revolution is Coming! 🚨
What to know:
- This developer-friendly layer 2 environment is propelled by composable features designed to unleash the economic potential of decentralized “SocialFi.”
- Lens has cemented partnerships with several DeFi and infrastructure projects including Uniswap, Balancer, LayerZero, Circle, Consensys and Chainlink.
Oh joy, another blockchain-based social media platform to add to the never-ending list of alternatives to the behemoths of the social media world. But wait, this one’s different! Avara, the parent company of decentralized finance (DeFi) platform Aave, has announced the arrival of Lens Chain mainnet, a fast and inexpensive Ethereum overlay blockchain for developing decentralized social media applications.
Because, you know, the world was just missing a blockchain-based social media platform. I mean, who needs the likes of Facebook and Twitter when you can have a decentralized, open-source alternative that’s just as clunky and confusing? 🙄
According to Avara CEO Stani Kulechov, the key to success lies in offering a developer-friendly layer 2 environment, propelled by composable features designed to unleash the economic potential of decentralized “SocialFi.” Because, you know, the real magic happens when you can make money off of social media.
“The direction we have taken with Lens in the past 12 months is to bring the best developer tooling for building on chain social experiences,” Kulechov said in an interview. “We chose the optimal stack to run Lens Chain where we get the lowest possible transaction in cost, but a sufficient amount of security for these social transactions.”
Lens Chain, a system that uses mathematical proofs to check the veracity of batched off-chain transactions, has its own dedicated stablecoin, Aave’s GHO, to handle gas fees, and its own decentralized data storage. Because, you know, who needs a simple, user-friendly interface when you can have a system that’s as complicated as a quantum physics textbook? 🤯
The blockchain has cemented partnerships with several DeFi and infrastructure projects including Uniswap, Balancer, LayerZero, Circle, Consensys and Chainlink. Because, you know, partnerships are the key to success in the world of blockchain-based social media platforms.
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2025-04-04 16:09