Lens Protocol Launches Protocol’s Second Version
Lens Protocol, a composable and decentralized social graph protocol that utilizes smart contracts on the Polygon blockchain, has launched version 2 of their platform.
This update includes ERC-6551 token standard integration and external smart contract functionality optimization.
It most notably features “Open Actions” which allows users to register various actions in the protocol, such as issuing non-fungible tokens based on their post on the OpenSea marketplace, by simply clicking a button.
Version 2 also offers improved protection for users’ accounts, which can now be linked to available wallet devices and hardware units.
The upgraded features allow for value to be shared among users, as well as algorithms, curators, and apps.
Profiles can be directly linked to NFTs as opposed to a specific address and this enables interaction with applications using their tokens.
Potential applications include subscription features, trading in NFTs and ERC-20 tokens, joining DAOs, buying in-game land, donation manipulations, a paid messaging service, and providing liquidity for DeFi protocols.
Lens Protocol has experienced rapid development since it was first launched in 2021.
