Aave protocol developer secures $31 million for Lens, a high-performance blockchain for social apps

Quick Summary:

Avara, the company behind Aave, Lens and Family, is announcing a $31 million funding round led by Lightspeed Faction.

With Lens, Avara is building a decentralized protocol that could serve as the infrastructure for social and consumer apps.

Apps built on top of the Lens network are interfaces to interact with the blockchain.

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Article Details

Author / Journalist: Romain Dillet

Category: Technology

Markets: United States

Topics: Lens Stani Kulechov Lens Network Crypto Arava Aave Social

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 14:00:52 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1008 words

Reading Time: 6 minutes read

Sentences: 51 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24537674

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