Lens, the social network infrastructure built on blockchain technology, is undergoing a major transformation with the introduction of its new platform, the SocialFi Lens Network.
The Evolution of Lens Protocol: Presenting the SocialFi Lens Network
This is a significant step for Lens because it expands on the work done by the original Lens Protocol in the ZK Stack hyperchains of zkSync.
Lens Protocol was initially created by Lens Lab, a division of Avara, the company that created the well-known DeFi behemoth Aave. Its goal was to support a network of SocialFi applications. Lens, which has been running on the Polygon Proof-of-Stake chain since May 2022, is ready to advance its capabilities with the introduction of Lens Network.
Matter Labs Partnership Establishes New Parameter for Building Social Networks
The new protocol will incorporate a hybrid validium and volition Layer-2 solution, utilizing Matter Labs’ modular ZK Stack architecture. The goal of this integration is to make it easier for developers to create apps on Lens Network by integrating with both blockchains that are compatible with Ethereum Virtual Machine (EVM) and those that are not. Furthermore, Lens Network will guarantee cost-effective transactions while giving priority to high transaction throughput for common consumer applications.
The SocialFi Lens Network introduces account abstraction as a standout feature, allowing users to carry out transactions without gas fees or the need for logging in. Despite the ongoing operation of Momoka, a Layer-3 Optimism solution launched by Lens in April 2023, Lens is encouraging applications to transition to the Lens Network, as Momoka is slated for discontinuation.
Alex Gluchowski, co-founder and CEO of Matter Labs, lauds the Lens Network for its groundbreaking approach to social network development, seamlessly addressing user concerns regarding data ownership, censorship resistance, and privacy. Lens marked its permissionless launch in late February, experiencing a notable increase in daily activity and maintaining a consistent active user base.
May 2024, Cryptoniteuae
