The developers of the social Web3-platform Lens Protocol have launched the second version of the protocol, which includes the ERC-6551 token standard and enhanced functionality for external smart contracts.
The main change in the new version is the Open Actions feature, which allows registering any action within the protocol directly through the interface. For example, a user can issue non-fungible tokens based on their post through the OpenSea marketplace, by clicking a single button.
The project team highlighted several capabilities of the new feature:
- subscribe to a user or a specific publication;
- trade ERC-20 tokens or NFTs;
- join DAO;
- purchase land in the Decentraland or Sandbox metaverses;
- donations and tips;
- a paid messaging system;
- providing liquidity for DeFi protocols.
In turn, the ERC-6551 format allows binding NFTs directly to profiles rather than to a specific address, and to interact with applications using them.
“Lens V2 has expanded the possibilities for value exchange between users, algorithms, curators and applications. Everyone can share revenue and reward synergistic actions,” the project representatives noted.
The developers have also improved the account security system. Profiles can now be linked to any available wallet and stored on hardware devices.
When an account is moved to another address, all data are automatically migrated.
Lens Protocol — this is a composable and decentralized social graph that uses smart contracts on the blockchain Polygon to create decentralized applications.
The protocol aims to bolster the resilience of Web3 social networks to censorship and helps unlock new forms of monetising content with NFTs and other crypto-assets. Apps built on it include Lenster, Lens Booster, Phaver, Lenstube, LensPort, Memester.
In April, Lens developers unveiled the Bonsai beta — a blockchain-based solution for scaling social networks.