Lens Social Network to Launch on Monad (MON) as Fully Onchain Platform

Background: Lens and Its Earlier Strikes

Lens Protocol was created by the workforce behind Aave. Yahoo Finance reported in Could 2022 that it launched as a decentralized social graph on the Polygon community, letting customers mint a profile, observe others and create posts onchain.

It later moved to its personal infrastructure. The Block reported that Lens launched Lens Chain, an EVM-compatible Layer 2 community, utilizing Avail for knowledge availability and ZKsync’s developer stack, with Aave’s GHO stablecoin because the native fuel token. Blockworks put Lens at about 650,000 person profiles and 28 million social connections at that launch.

Stewardship of Lens has since modified palms. Cryptonews reported through Yahoo Finance that Aave handed stewardship of the protocol to Masks Community, which now leads product and software improvement, whereas Aave focuses on technical advisory work. Each side mentioned the transfer was not an acquisition, sale or exit, and the protocol’s core elements stay open supply and permissionless.

The Monad deployment would place Lens on a separate community from Lens Chain. Particulars on timing, how present Lens accounts will carry over, and what position $MON will play haven’t been confirmed within the sources reviewed for this text.

Onchain social networks have struggled to match the dimensions of typical platforms. Blockworks described Lens’s person base on the time of its mainnet launch as nonetheless removed from a severe problem to conventional social media, whereas noting how far the thought of social media on the blockchain had progressed.

Sources

Yahoo Finance (Cryptonews): Aave Fingers Lens to Masks Community, Doubles Down on DeFi Ambitions

Blockworks: Lens launches mainnet, bringing a possible new period to SocialFi

The Block: Lens releases Lens Chain mainnet with Avail DA and ZKsync tech

Yahoo Finance: Decentralized Social Graph Lens Protocol Goes Reside