Avee Companies Unveils Lens Protocol V2: Empowering Web3’s Social Layer July 18, 2023 July 18, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJuly 18, 2023 by Kelly Cromley

Avee Companies Unveils Lens Protocol V2: Empowering Web3’s Social Layer

Avee Companies has made a significant announcement, launching the second version of the Lens Protocol. Designed to function as a social layer for Web3, this latest version aims to provide enhanced control for builders, integrators, and anyone seeking Web3-powered experiences. With a codebase completely rewritten, refactored, and optimized, Lens Protocol V2 introduces a host of new features, facilitating easy assembly and configuration to deliver an improved user experience and support new social use cases.

Empowering Collaboration and Shared Monetization Opportunities:

The initial version of the Lens Protocol intentionally lacked a user interface. In contrast, V2’s comprehensive overhaul opens doors for better user experiences, while also fostering a spirit of collaboration within the Web3 ecosystem. By expanding the monetization layer to encompass all Web3 applications and profiles, V2 creates opportunities for individuals, applications, algorithms, and protocols to mutually reward and incentivize collaborative work. This move allows all stakeholders to collectively benefit from the value generated within the social network, promoting a sustainable and thriving Web3 community.

Founder’s Perspective on Lens Protocol V2:

Stany Kulechov, the founder of Lens Protocol, expressed his enthusiasm for the latest development, stating that V2 elevates decentralized social media and monetization opportunities to an entirely new level. With maximum flexibility for builders, this version empowers new forms of social engagement and monetization relationships, ensuring that the value created in the ecosystem is shared and enjoyed by all stakeholders individually and collectively.

Introducing ‘Open Actions’ for Expanded Interactivity:

Lens Protocol V2 introduces an exciting feature known as ‘Open Actions.’ Developers can leverage this capability to deploy new activities on Lens, thereby expanding the various ways users can interact with content and creators in the Web3 realm. These operations can seamlessly integrate into existing and future consumer-facing applications, providing a dynamic and engaging experience for users.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.