{"id":79952,"date":"2023-06-08T17:53:51","date_gmt":"2023-06-08T14:53:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79952"},"modified":"2025-09-11T13:59:00","modified_gmt":"2025-09-11T10:59:00","slug":"lens-raises-15-million-in-funding-round","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/lens-raises-15-million-in-funding-round\/","title":{"rendered":"Lens raises $15 million in funding round"},"content":{"rendered":"<p>The Lens Protocol project, part of the lending DeFi protocol Aave, closed a funding round of $15 million led by IDEO CoLab Ventures.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Today, we&#8217;re excited to announce our $15 million funding round to accelerate the adoption of the next generation of the internet powered by human connection \u2013- the people-powered social layer. <a href=\"https:\/\/t.co\/EIbWeWAYiW\">pic.twitter.com\/EIbWeWAYiW<\/a><\/p>\n<p>\u2014 Lens Protocol (@LensProtocol) <a href=\"https:\/\/twitter.com\/LensProtocol\/status\/1666804101580214275?ref_src=twsrc%5Etfw\">June 8, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Among other investors: General Catalyst, Blockchain Capital and Palm Tree, as well as Uniswap CEO Hayden Adams, OpenSea CEO Alex Atallah, entrepreneur Balaji Srinivasan and co-founder <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-polygon-matic\">Polygon<\/a> Sandeep Nailwal.<\/p>\n<p>Lens Protocol is a composable, decentralized <a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%A1%D0%BE%D1%86%D0%B8%D0%B0%D0%BB%D1%8C%D0%BD%D1%8B%D0%B9_%D0%B3%D1%80%D0%B0%D1%84\">social graph<\/a>, which uses smart contracts on the Polygon blockchain.<\/p>\n<p>Users of the platform can build apps, interact and follow updates from others. Each account is a non-fungible token that provides profile governance. NFTs contain \u201cthe history of all posts, mirrors, comments and other content\u201d.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cBy offering full ownership of the [account] and social capital to people, Lens aims to change how we create value, share it and monetise on the internet,\u201d said a project spokesperson. <\/p>\n<\/blockquote>\n<p>The team will use the funds to expand its ecosystem.<\/p>\n<p>The Aave developers <a href=\"https:\/\/u1f987.com\/en\/news\/aave-to-build-an-ethereum-based-twitter-alternative\">announced<\/a> Lens in July 2021 and viewed it as an Ethereum-based Twitter alternative. The official <a href=\"https:\/\/u1f987.com\/en\/news\/aave-team-develops-protocol-for-web-3-0-social-networks\">launch of the project<\/a> took place in February 2022.<\/p>\n<p>Earlier in March 2023, the Web3 social network So-Col (Social Collectables), founded by crypto influencer Irene Zhao, raised $4.5 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Lens Protocol project, part of the lending DeFi protocol Aave, closed a funding round of $15 million led by IDEO CoLab Ventures.<\/p>\n","protected":false},"author":1,"featured_media":79953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1212,465,1133],"class_list":["post-79952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-aave","tag-social-media","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"35","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=79952"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79952\/revisions"}],"predecessor-version":[{"id":79954,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79952\/revisions\/79954"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/79953"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=79952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=79952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=79952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}