Lens Protocol has officially launched its blockchain network Lens Chain, which supports social media apps allowing users to control their data.
Why Did Lens Protocol Create Its Blockchain?
Lens Protocol is a well-known Web3 social platform allowing people to create social media apps without relying on big tech companies. Previously, Lens operated on the Polygon platform, but the increase in users and apps made managing large data volumes difficult. In response to these challenges, Lens Chain was created to improve speed, reduce costs, and handle larger amounts of information.
What Is Special About Lens Chain?
Lens Chain is designed to support various types of Web3 social apps, making it easier for developers to build and launch applications. The network uses a Validium blockchain, which lowers costs and enhances performance. Data is stored using Avail, ensuring security and accessibility without overloading nodes. zkSync tech is also used to keep user data private, while GHO stablecoin is utilized for transactions.
Lens Chain Sees Massive Adoption And Financial Support
Several well-known Web3 social apps, including Bonsai, Fountain, and Orb, are early adopters of Lens Chain, signaling growing interest in the SocialFi movement. Lens Protocol has gained support from the Web3 community and recently completed a funding round of $31 million, raising a total of approximately $46 million with over 650,000 users interested in maintaining control over their social media data.
The launch of Lens Chain marks a significant advancement for decentralized social media, providing users with new opportunities to manage their data and engage within the community.
