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Aave's Lens Protocol Secures $15M Funding to Elevate the 'Social Layer' of Web3
Lens Protocol, the decentralized social media platform of lending protocol Aave, has secured a substantial $15 million in funding from a consortium of renowned investors.
IDEO CoLab Ventures led a noteworthy funding round, accompanied by esteemed investors General Catalyst, Blockchain Capital, and Palm Tree, as stated in an official email announcement. The round also garnered support from prominent industry leaders who joined as angel investors, such as Uniswap CEO Hayden Adams, OpenSea co-founder Alex Atallah, entrepreneur Balaji Srinivasan, and Polygon co-founder Sandeep Nailwal.
The Polygon blockchain-powered Lens platform offers users an enhanced solution for creating applications using a unified non-fungible token (NFT) platform, which securely stores their posts, followers, and content.
"By putting ownership and social capital into the hands of people, Lens aims to transform the way we create value, share and monetize on the internet," Lens said.
Lens intends to utilize the raised funds to further expand its ecosystem, which was initially introduced by Aave in February of the previous year.
