Lens will launch its mainnet early next year, giving users ownership and access to money for their assets.
Lens, a layer 2 blockchain created by Avara, has raised $31 million in a funding round led by Lightspeed Faction. The funds will be used to expand the network infrastructure ahead of the mainnet launch early next year.
Plug-and-play social features
Lens is built specifically for SocialFi use cases. According to the version 3 developer preview description, it has additional plug-and-play features including accounts, usernames, charts, feeds, and groups, as well as monetary features that developers can add to an app-based chain. Lens’s main prediction is to launch on Ethereum in early 2025.
“The current L2 price is too high for widespread adoption. To bring SocialFi web3 to the mainstream, we built the fastest, cheapest, and most secure L2. […] Lens provides an easy-to-use web2 while providing unparalleled benefits that only blockchain can provide.”
For participants, Lens offers the best user experience and a wide range of opportunities to create money to build their own financial path. It also gives users the power, control, and ownership of assets. Lens is built with ZKsync and uses the Avail data access protocol. It has partnered with development platform Alchemy, oracle network Chainlink, token-based tokenizer The Graph, and stablecoin USD Coin
US Department of Agriculture Stocks will fall $1.00, Consensys MetaMask wallet and Uniswap exchange.
Other investors in the round include Avail, Circle, Consensys, Foresight Ventures, and Wintermute Ventures, along with investors including Rune Christensen, Anurag Arjun, Anton Bukov, Spencer Noon, and Illia Polosukhin.
A nod from Trump
Kulechov is also the CEO of Avara, which launched Lens in May 2022. Funding. Aave Companies announced the acquisition of the company behind the crypto wallet Family and a name change.
On December 13, AaveDAO accepted a request from Donald Trump-backed platform World Liberty Financial to launch an Aave prototype on Ethereum in exchange for 20% of the payments it makes and 7% of the WLFI governance token currency (WLFI).
