Odaily News Lens Protocol announced the launch of Graphs, a new social feature that maps account-to-account connections, on the X platform. Developers can use the global Graph to benefit from shared network effects, or create their own application-level graphs. Users only need to keep one account to seamlessly connect across graphs.

Odaily News Stani Kulechov, founder of Aave and Lens Protocol, wrote, “In light of the recent arrest of Telegram CEO Pavel Durov, I have been reflecting on how to build a “resilient approach” that can safeguard various rights, even if these rights (such as freedom of speech and content review) may produce conflicting situations. First of all, when discussing resilient software, it is important to get rid of the concept of “decentralization.” “Decentralization” is a misleading term with little consensus on its meaning. Instead, social networks should be built with resilience as the focus. In practice, resilience means minimizing any single point of failure that could disrupt or affect the functionality and integrity of the network. This concept is easier to understand and measure. For example, today’s most successful DeFi projects are built this way. They do not necessarily aim to achieve a certain level of decentralization, but to ensure that projects like Aave Such an agreement can resist potential threats and single -point failures from various participants. Enough to resist the deletion of operators, it is completely controlled by its authors. The voting mechanism enables the community-driven framework to select managers or facts inspectors. In order to make the elasticity effective, the accountability system and transparency are the key. The positive elastic social network will open new and interesting cases, because developers will no longer need to worry about being closed.

Odaily News Lens Protocol is now connected to the OKX Web3 wallet. Users can explore decentralized social gameplay in Lens Protocol through the OKX Web3 wallet, such as posting, commenting, interacting, etc., and can create their own on-chain NFTs, and support IPFS hosting, etc. Lens Protocol is a composable decentralized social graph based on the Polygon network released by the decentralized lending protocol Aave. It allows users to create social media profiles and build new social media applications from them, aiming to reshape the concept of social media in the Web3 and decentralized era. It is reported that the OKX Web3 wallet is a one-stop Web3 portal that now supports 95+ public chains, and the three terminals of App, plug-in, and web page are unified, covering 5 major sections of wallet, DEX, DeFi, NFT market, and DApp exploration, and has launched Bitcoin inscription and rune trading markets, etc.

Odaily News According to people familiar with the matter, Avara founder and CEO Stani Kulechov is in contact with US venture capital institutions to seek $50 million in financing for Lens Protocol, which will bring its valuation to $500 million. A spokesperson for Avara did not confirm or deny this information and declined to comment further. When asked about the coin issuance, Kulechov said that "it has not come to that stage yet" and the current main goal is the upcoming Lens Network, a native network built on the ZKsync technology stack. In 2023, Lens Protocol raised $15 million; four weeks ago, its competitor Farcaster raised $150 million at a valuation of $1 billion. (DL News)

Odaily News Lens Lab, the team behind Lens Protocol, a Web3 social platform built on Polygon PoS, announced that it is now developing its own blockchain network, Lens Network. The new network will be built on Matter Labs’ ZK Stack and powered by zkSync on Ethereum.