Lens web3 platform raises $15 million


The Lens Protocol project, owned by DeFi landing protocol Aave, has closed a $15M funding round led by IDEO CoLab Ventures.

Other investors include General Catalyst, Blockchain Capital and Palm Tree, as well as Uniswap CEO Hayden Adams, OpenSea CEO Alex Atalla, entrepreneur Balaji Srinivasan and Polygon co-founder Sandeep Nailwal.

Lens Protocol is a composable and decentralized social graph that uses smart contracts on the Polygon blockchain.

Platform users can create apps, communicate, and subscribe to other people’s updates. Each account is a non-fungible token that provides profile management. NFTs contain “a history of all posts, mirrors, comments, and other content.”

“Offering full ownership [учетной записью] and social capital to people, Lens aims to change how we create, share and monetize value online,” said a spokesperson for the project.

The platform team will use the funds received to expand its ecosystem.

Aave developers announced Lens in July 2021 and considered it as an alternative to Twitter on the Ethereum blockchain. The official launch of the project took place in February 2022.

Recall that in March 2023, the social Web3 network So-Col (Social Collectables), founded by cryptocurrency influencer Iren Zhao, raised $4.5 million.

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