Lens Protocol, a decentralized social media graph, has launched the second version of its platform. This update introduces the use of the ERC-6551 token standard and improved external smart contract functionality, marking a significant step forward for the platform.
Lens Protocol Unveils Version 2 with Enhanced Features
A key feature of Lens Protocol’s version 2 is “Open Actions“. This functionality allows the execution of any external smart contract action directly from Lens’ content posts. For instance, users can now mint non-fungible tokens (NFTs) on an OpenSea contract directly from Lens’ published content.
This feature enhances the composability and modularity of Lens, making it more versatile and user-friendly.
Integration of ERC-6551 Token Standard
The new version of Lens Protocol also integrates the ERC-6551 token standard. This integration allows NFTs’ ownership to be linked to other assets and interact with applications. In this new framework, NFTs’ ownership can be assigned to profiles instead of their owner’s address, enabling advanced integrations.
For example, a virtual land in the metaverse can now own its Lens profile and interact with its land users.
Lens Protocol: A Decentralized Social Graph
Launched on Polygon in May 2022, Lens Protocol is used to construct social media platforms. It facilitates the storage of social media activity via NFTs and on-chain data. In June, Lens Protocol announced a $15 million funding round led by IDEO CoLab Ventures. The team is also developing a blockchain scaling solution named Momoka, designed to store social media transaction data off-chain while verifying them on-chain.
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