Aave’s Lens Protocol Buys NFT Mobile Game Sonar

Aave's lens protocol buys nft mobile game sonar

CoinDesk published this video item, entitled “Aave’s Lens Protocol Buys NFT Mobile Game Sonar” – below is their description.

Lens Protocol, the blockchain-based social media project from decentralized finance (DeFi) lender Aave, has acquired Sonar, a mobile app whose users pilot NFT-linked avatars through digital worlds. “The Hash” panel discusses what this means for the future of Web3 social and why “now is the moment.”

CoinDesk YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

About This Source - CoinDesk

CoinDesk is a news site specializing in bitcoin and digital currencies. The site was founded by Shakil Khan and was subsequently acquired by Digital Currency Group.

Recent from CoinDesk:

Doodles Launches Highly Anticipated New NFT Project Doodles 2 on Flow

US and Asia’s Approach to Crypto

The Rise of the New Digital Cooperative

In This Story: AAVE

Aave is a decentralized finance protocol that allows people to lend and borrow crypto.

Aave, and its predecessor ETHLend, were founded by Stani Kulechov.

AAVE tokens have been built based on the ERC-20 standard, and they are designed to be deflationary. In the event of a shortfall in the DeFi protocol, staked tokens would be used as collateral as a last resort.

2 Recent Items: AAVE

Bitcoin Above $17K as Unwinding of ‘Fed Trade’ Lifts US Stocks

How User-Generated Content Is Different in #Web3 Compared to Web 2

In This Story: Blockchain

A blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. The innovation with a blockchain is that it guarantees the accuracy and security of a record of data and generates trust without the need for a trusted third party.

2 Recent Items: Blockchain

Doodles Launches Highly Anticipated New NFT Project Doodles 2 on Flow

Conflux Token Spikes 60% After Integrating China’s Version of Instagram

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.