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News

Lens Network Will Be Released New Set of Innovative Contracts

January 3, 2025 - Around 2 mins mins to read

Key Points:

  • Aave’s Stani Kulechov announced innovative contracts for Lens Network, including social features.
  • The Lens Protocol plans to deploy the mainnet soon, with a developer preview version released in November 2024
Stani Kulechov, Aave’s founder, announced it was about to launch a suite of novel contracts on the modular social feature network Lens Network.
Lens Network Will Be Released New Set of Innovative Contracts

Read more: Layer-2 SocialFi Lens Network Based On zkSync Technology Launched

Aave Announces Novel Contracts for Lens Network

The new contracts will be accompanied by features like expanded information flow, groups, charts, and enhanced username rules. New token flavours, new bonding curves, advanced ERC-721 contracts, governance mechanisms, point systems, and profit plans are underway over the network. All the content will be open-sourced, meaning these developments will be freely available for anyone to see and use.

The future developments for Lens Network will also include solutions for ICOs and crowdfunding, allowing more flexibility and broader utility within the platform. The team is striving to provide a more personalized and dynamic system for dApps.

Lens Focuses on Flexibility and Reliability in New Infrastructure

Earlier, Lens Protocol announced that the mainnet of the Lens Network would go live with the V3 developer preview, which was released in November 2024. The testnet deployment was launched in Q4 2024 to uncover and rectify technical issues before the full deployment.

Besides better performance, the network is made to offer flexible infrastructure that has less risk of single points of failure, which adds to the system’s dependability.

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.

AAVE

ERC-721

Lens Network

Lens Protocol

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.