Lens Protocol Raises $15M in Funding with Support from Uniswap, OpenSea, and Polygon Founders
Decentralized social-media platform Lens Protocol, developed by lending protocol Aave, has successfully raised $15 million in funding from a prestigious group of investors.
The funding round, led by IDEO CoLab Ventures, included participation from General Catalyst, Blockchain Capital, and Palm Tree, as announced via email. Notably, angel investors such as Uniswap CEO Hayden Adams, OpenSea co-founder Alex Atallah, entrepreneur Balaji Srinivasan, and Polygon co-founder Sandeep Nailwal also joined the round.
Operating on the Polygon blockchain, Lens Protocol offers users a platform to build applications using a single non-fungible token (NFT)-based infrastructure that securely stores their posts, followers, and content.
Lens Protocol’s ambitious vision aims to revolutionize the way we create, share, and monetize on the internet by empowering individuals with ownership and social capital. By putting the power back in the hands of users, Lens strives to reshape the value creation landscape.
With the newly raised funds, Lens Protocol plans to further expand its ecosystem, building upon the foundation unveiled by Aave in February of the previous year.
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