Lens Protocol is a blockchain-based open-source social graph designed to reshape social media concepts in the age of Web 3 and decentralization. It enables creators to own the connections between themselves and their communities, resulting in a fully user-owned social graph.Lens was introduced in early 2022 and received a lot of attention in the crypto community due to its social networking product and the well-known <a href="https://twitter.com/AaveAave" rel="noopener noreferrer nofollow">Aave</a> team developing it. Familiarity working in its favor!The protocol seeks to address significant flaws in the current social media environment. It does this quite successfully by gradually gaining a base of dedicated users from a Web 3-ready community.<h2 id="header-0">How does Lens Protocol work?</h2>When users make a profile, they&#39;re making a reusable NFT. This interactive NFT saves their content, comments, likes, and reposts. A wallet address is associated with their profile.Value for fans/creators:<ul><li>Users can receive a tradable NFT for being a loyal fan of someone&#39;s publication</li><li>As a content creator, you can control who can view your publication</li><li>Creators can charge others a fee to access certain content.</li></ul>Lens Protocol relies heavily on modules (smart contracts with code that run under specific conditions). Users can access modules to add custom functionality to features like Follow, Collect, and References.<h2 id="header-1">Here&#39;s how to get started:</h2><ul><li>Create the Profile NFT</li><li>Follow and Post anything</li><li>Like what you see</li><li>Create and Collect a publication</li><li>Experience all the dApps</li></ul>Some useful links if you want to join and experience Lens&#x1f447;:<ul><li>Users need an NFT Profile which can be bought on <a href="https://opensea.io/collection/lens-protocol-profiles" rel="noopener noreferrer nofollow">Opensea</a> using <a href="https://twitter.com/search?q&#61;%24USDC" rel="noopener noreferrer nofollow">$USDC</a> or <a href="https://twitter.com/search?q&#61;%24WETH" rel="noopener noreferrer nofollow">$WETH</a> on the Polygon Network</li><li><a href="https://claim.lens.xyz/" rel="noopener noreferrer nofollow">Claim</a> your handle and edit your profile</li></ul>There are two dApps you should check out building on Lens:<ol><li><a href="https://twitter.com/lensterxyz" rel="noopener noreferrer nofollow">Lenster</a> - <a href="https://lenster.xyz/explore" rel="noopener noreferrer nofollow">https://lenster.xyz/explore</a></li><li><a href="https://twitter.com/orbwagmi" rel="noopener noreferrer nofollow">ORB</a> – social media platform where users have ownership</li></ol><h2 id="header-2">What makes Lens unique?</h2>NFTs and modularity. The protocol relies heavily on establishing user profiles as NFTs.As a system property, modularity refers to innovation, availability, and connectivity. The social graph of the Lens is open to all creators who want to propose and implement new features.Because of these mechanisms and the lack of a central actor controlling information, new social media networks can emerge while preserving free speech. Something invaluable, I mean Elon Musk spent $44B trying to save free speech in Web 2.<h2 id="header-3">Lens Protocol Risks</h2><ul><li>Because blockchains frequently have limited on-chain storage capacity, not all content and NFTs can be stored on this level and must be stored offchain.</li><li>The storage issue is inextricably linked to security concerns. Original files may be lost or damaged if not recorded on a blockchain.</li><li>There is also a risk of smart contracts and NFT maintenance because there are several scenarios in which hackers can attack networks.</li></ul><h2 id="header-4">Will Lens Protocol have a token?</h2><a href="https://twitter.com/search?q&#61;%24LENS" rel="noopener noreferrer nofollow">$LENS</a> does not exist at the moment. But the protocol is compatible with wallets like MetaMask, Gnosis Safe, and Argent, allowing for interoperability.There are numerous areas to explore within the Lens ecosystem, including:<ul><li>Social media</li><li>Creator monetization</li><li>Curation</li><li>Community tools</li><li>Analytics</li><li>Algorithms</li><li>DAO tooling</li><li>Developer tooling</li><li>Identity</li><li>Bridges</li><li>Music</li><li>Events</li><li>Loyalty</li></ul>Here&#39;s an overview of the Lens ecosystem done by<a href="https://twitter.com/PolygonDaily/status/1586751062903607296?s&#61;20&amp;t&#61;mxDXJubvDAhKD_yQCo3uQQ" rel="noopener noreferrer nofollow"> Polygon Daily</a><h2 id="header-5">Future plans</h2>Lens is currently a multisig Web 3 platform, but the team intends to transform it into a DAO to give users a say in decisions. They would be able to vote on new features and modules that were proposed. A native token could be a future addition.Interested in experiencing Lens IRL? On Dec 8,<a href="https://open.substack.com/users/10997818-nader-dabit?utm_source&#61;mentions" rel="noopener noreferrer nofollow">Nader Dabit</a>is hosting a Lens community event in Mexico City. They&#39;ll be giving an introduction to Lens, as well as a developer workshop, and all attendees will be able to claim a Lens handle.------Subscribe to receive our daily brief, extended weekly newsletter, and in-house research content!<a href="https://www.m6labs.co/s/m6-labs-research-?utm_source&#61;substack&amp;utm_medium&#61;menu" rel="noopener noreferrer nofollow">Subscribe</a>Please Share, Leave Feedback, and Follow Us on <a href="https://twitter.com/M6Labs" rel="noopener noreferrer nofollow">Twitter</a>, <a href="https://t.me/illuminatiDaily" rel="noopener noreferrer nofollow">Telegram</a>, and <a href="https://www.linkedin.com/company/m6-labs" rel="noopener noreferrer nofollow">LinkedIn</a> to stay connected with us.

Lens Protocol Overview

Table of Contents

M6 Labs 🔬

Other articles published on Dec 6, 2022

f2pool Launches Mining Services on Aleo Testnet 3

CARV Discovery | Shining Stars from Binance Lab

Nano on the Coin Cloud network: greater access, increased opportunity

DEX Ventures and Choise.com: driving fintech industry forward

Partnership Announcement: Djinn Guild x Ookeenga

How to Setup StakeCubeCoin (SCC) Masternode DIP3 - Quick Guide

Join our free newsletter for daily crypto updates!