Lens Protocol Ecosystem: Top Notable Projects Expected To Explode

Key Points:

• After the recent airdrops of Space ID and Arbitrum, Lens Protocol is expected to be the next project with great potential.
• Potential projects on the protocol include: LensTags, Lens Garden NFT, Lenstube, Lenster.

Several venture capitalists anticipate that decentralized social initiatives will be one of the most developed segments of the crypto industry by 2023. Up to now, these projects have not received as much attention as expected, and only Lens Protocol is expected the most.

With the current Space ID and Arbitrum airdrop crazes, the Lens Protocol community has been more polarized. Many individuals believe that after the ID and ARB airdrops have concluded, the next major airdrop will be Lens from AAVE.

Lens is developing a decentralized comprehensive social network graph on Web3, and it is said that an airdrop will take place in the second quarter of 2023. Today, we will take a look at some typical projects on Lens Protocol with Coincu.

What is Lens Protocol?

Lens Protocol is a blockchain-based social networking tool that gained a lot of attention when the creator of Lens Protocol, Stani Kulechov, is also the founder of Aave (AAVE). The premier lending platform on Ethereum.

Lens Protocol is a protocol that enables the creation of social graphs by connecting content creators to their communities, resulting in the creation of a full social graph owned by the users themselves. The Polygon blockchain platform is used to build and develop the project.

The protocol was designed from the bottom up with flexibility in mind, allowing for the addition of new features while preserving user-owned content and social interactions.

Since it is designed in the module format, modifying and adding features is simple on this project. The Lens Protocol will make it simpler to develop social media via the use of social graphs.

Lens Protocol was intended to address the shortcomings of Web2 social networks: all records, data, and connections are held centrally, not owned by the user but by the running firm.

Notable projects built on Lens Protocol

LensTags

LensTags is a platform that strives to be the go-to choice for discovering precise, accurate, and high-quality information that has been organically selected by the ecosystem. You may find new materials and arrange them into customized reading lists by using tags.

LensTags makes it possible for users to store, organize, and find material. You must be a Lens user in order to enjoy the features of our platform. Individuals who already have a Lens account may log in by linking their wallets.

You will be able to do the following after logging into the platform:

• Share content. The Lens Protocol’s lifeblood is publication. These include all original material, comments, and mirrors created by creators, curators, and users. Publications are classified into three types: posts, comments, and mirrors. The fundamental object is posted, with a mirror and comments giving extra features.
• Tags may be found and used. When a user publishes anything, they will be able to tag it. By scrolling through the feed, users may filter the content by tags of interest. Filter by Tags to stay up to speed on what you’re interested in!
• Follow/Unfollow people. Following the Lens Protocol is not the same as following in Web2 social apps. When users follow a Lens Protocol profile, they are granted a Follow NFT, which artists and communities may encode with extra value.
• Collect posts. When a person adds a publication to their profile, they may choose a Collect Module. This module will enable other users to create NFTs that connect to the content of the publication. Do you wish to store an article for later reading or because it is useful? Gather it!
• Organize your collects. You may arrange your collections into ‘Lists.’ You name it: reading lists, favorite lists, guides, recipes, etc.
  Read from verified curators. People with specific competence in a certain field will get a bespoke ‘Badge’ as confirmation of their knowledge and dependability.

Quickly get acquainted with LensTags and simplify your life by migrating existing bookmarks from sites such as YouTube and Twitter and setting up auto-save through applications, extensions, public pages, or embedded bookmarks on your website that utilize LensTags and can be viewed from anywhere. You may enhance your own organization and spend less time studying subjects by using LensTags.

Lens Garden NFT

Lens Garden NFT is a project built on top of the lens protocol, and NFTs increase in proportion to how much activity there is on the lens platform.

The issuing rate is the same as the issuance rate of the lens profile at 1:1. Follow, follower, post count, comment, post collection count, and mirror are all terms that may be used. These activity points collect based on the number of problems, and the more points there are, the higher the level and the change in NFT.

The Lens Protocol’s Lens Garden is the first NFT collection on the Lens Protocol, a blockchain-based platform that enables users to mint dynamic Lens NFTs. Lens Garden differs from other collections in that each NFT is linked to the user’s Lens Protocol ecosystem activities. This implies that when users follow, follow, publish, mirror, or collect on the site, their NFT accumulates experience points.

The Lens Garden NFT collection is a digital asset aimed at rewarding users that are active in the Lens Protocol ecosystem. This may be used by users to improve their experience inside the Lens Protocol ecosystem. Users may observe that after minting an NFT, it begins at a level greater than level 1. This is due to the fact that the NFT is linked to the user’s Lens statistics, such as followers and interaction. Moreover, the Lens Garden NFT series is not for sale on the open market.

Lenstube

Lenstube, which is powered by the Lens Protocol, decentralizes social video-sharing. Lenstube, which has a similar structure to YouTube, has an explore tab for discovering related material to previously seen videos, as well as a short-form segment called Bytes, which is akin to TikTok or Youtube Shorts. Lenstube also enables users to tip their favorite producers with MATIC coins and to organize videos as NFTs.

Lenster

Lenster is a Lens-based social networking web app that is modular, decentralized, and permissionless. It is well-known in the community as Lens’ initial Web3 social experience, serving as the most comprehensive method to connect with your social network using Lens Protocol. It is laid up and executed identically to Twitter, with the addition of support for a range of NFT kinds.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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