Decentralized community platform Lens Protocol V2 is launched with added paid post feature.

According to a report from foreign media, the well-known Web3 social protocol Lens Protocol announced the official launch of its V2 version on the second day of the Ethereum event Devconnect, with data migration completed. The upgrade will bring users enhanced features for posts, personal profiles, and tipping structures. However, the Lens project is still in the beta stage, and users who wish to join will need to wait for some time.

What is Lens Protocol

Web3 Version Social Software

Lens Protocol is a Web3 social software created by Stani Kulechov, the founder of lending protocol AAVE, and his team. It is designed as a decentralized version of X Twitter, where users can post, comment, and share content, aiming to strengthen the connection between existing creators and communities.

One of the unique features of Lens Protocol is the ability to build more applications on top of it. Users can choose to share their social graph with protocols they want to participate in, creating a more diverse and customized service. For example, the ORB protocol can receive Lens-formatted social graphs, allowing users to use their on-chain footprint and POAP to find relevant jobs on their job site.

Lens Protocol is built on Polygon and has been in the public testing market and usage scenarios since its launch. However, the team indicates that the arrival of V2 may lead to the official public release of Lens Protocol.

Key Features of Lens V2

Lens V2 enhances composability and other upgrades, with the following key updates:

• Profile NFT: All social actions are based on a profile rather than a wallet address, enhancing user experience. For example, if a wallet has multiple accounts or wants to transfer accounts and records with an NFT to another wallet without binding to an address.
• Open Actions: Smart contracts can be embedded in posts, allowing users to perform more diverse actions in posts. For example, users can have a button in the post to mint NFTs or use comments to post on-chain voting options.
• Collective Value Share: Provides tools for creators to share profits with sharers, including curators, algorithms, and specific applications.
• Profile Management: Profile NFTs can be jointly managed by multiple wallets, similar to a multi-signature wallet mechanism.
• Handle: Similar to a unique account name on Twitter, such as @alice, @bob, or @vitalik, represented in NFT form with corresponding market mechanisms, separate from the profile in different NFT contracts.

For more information, please refer to past reports: Lens Protocol V2 introduction! Four major feature updates, waiting list reopens

Completion of Lens Update

According to the official document content, Lens Protocol completed the protocol upgrade on October 30th, and the content and records of the V1 version have been moved to the new version.

However, according to Lens' Twitter post, the team mentioned that there are slight additions to the Lens V2 functionality. In addition to the above introduction, Lens V2 will introduce Smart Posts, providing creators with a channel to earn income through content using smart contracts, similar to traditional social media content subscription mechanisms.

Currently, Lens Protocol is still in beta testing, and only beta testers can participate. Therefore, users looking forward to experiencing Lens will need to wait a while longer.