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Lens Protocol

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News

Germany's Sparkassen Group Begins Cryptocurrency Trading Rollout

Germany's Sparkassen savings bank group is starting a phased rollout of cryptocurrency trading within its existing banking app, beginning on October 19, 2023.
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Gustavo Mendoza

CME Group to Launch Bitcoin Cash and Uniswap Futures on October 19

CME Group has scheduled the introduction of Bitcoin Cash and Uniswap futures for October 19, providing institutional traders with more cryptocurrency markets.
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Rajesh Kumar

Ethereum's Glamsterdam Upgrade Scheduled for Hoodi Test Network

Ethereum's next major upgrade, Glamsterdam, is set to activate on the Hoodi test network on October 26, marking a significant step in testing changes to block production and execution costs.
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Miguel Rodriguez

What is Lens Protocol?

Lens Protocol — a composable and decentralized social project, ready to use, so you can focus on creating great experiences rather than scaling your users.

Contents:

Lens Protocol - dapp.expert

About the Lens Protocol project

It is a Web3 social graph on the Polygon Proof-of-Stake blockchain. It has appeared to give creators the ability to own the links between themselves and their community, forming a fully composable project, owned by users. The protocol is built from the ground up with modularity in mind, allowing new features and fixes to be added while ensuring consistent user content and social relationships.

Other features:

1 You have everything under control.
2 You own your profile, where you use it, how you use it and even how you monetize it.
3 This means you have power over your content and it's all right there, like NFTs, in your wallet.

Since users own their data, they can transfer it to any application, built on top of the Lens protocol.

As the true owners of their content, creators no longer have to worry about losing their content, audience and livelihood to the vagaries of individual platform algorithms and policies.Developers

In addition, every application that uses this protocol benefits the entire ecosystem by turning a zero-sum game into a collaborative game. Developers can create meaningful social interactions without resorting to feedback mechanisms to capture the user's attention.

More about defi app

The Lens protocol has three levels of tokenization through the ERC721 NFT. All three are ERC721 compatible and fully composable. The updatable LensHub contract - the main entry point for most interactions in the Lens Protocol. Almost all interactions start and double as an ERC721 NFT contract for profile NFTs that are minted when a profile is created.

Note that NFT tracking and collection are only deployed on the first tracking/collection, respectively. This reduces the cost of gas to create a profile. Modularity is at the heart of the Lens protocol. Everything is built with community growth in mind and the constant development of new, innovative features.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.