Cointime

Cointime

Download App
iOS & Android
Home / Financing

Lens Protocol Raises $15M To Create Decentralized Social Networking Ecosystem

Lens Protocol, a decentralized social networking ecosystem, has raised $15 million in funding from investors including IDEO CoLab Ventures, General Catalyst, Varian, and Blockchain Capital, as well as angel investors such as Uniswap CEO Hayden Adams and OpenSea co-founder Alex Atallah. The protocol is being developed by Aave, a web3 technology firm that allows users to lend and borrow crypto tokens.

The goal of Lens Protocol is to allow individual users to have more control over their data and how it is shared, creating a more equitable and democratic internet. Lens Protocol is similar to existing internet protocols like HTTPs, IP protocol, or email, and aims to be a neutral and flexible protocol that allows developers to build various use cases ranging from gaming to social media.

AAVE
Comments

All Comments

Recommended for you

  • 0G Labs Completes $40 Million Seed Round and Receives $250 Million Token Purchase Commitment

    Zero Gravity Labs (0G Labs or 0GL), a startup company in the field of cryptocurrency and artificial intelligence, announced that it has raised $290 million in new financing. This includes $40 million in seed funding raised by the laboratory and a $250 million token purchase commitment received by the 0G Foundation (an independent management organization of the 0G protocol).

  • Crypto entertainment platform BetHog completes $6 million seed round of financing

    cryptocurrency sports and entertainment platform BetHog announced the completion of a $6 million seed round of financing, led by 6MV, with participation from Will Ventures, Bullpen Capital, and others. BetHog was founded by Nigel Eccles and Rob Jones, co-founders of FanDuel, and is built on the Solana blockchain, with SOL as the support token for PvP games. In addition, BetHog also supports betting with Bitcoin, Ethereum, and USDT.

  • StakeStone Completes $22 Million Financing, Led by Polychain Capital

    Ethereum liquidity collateral protocol StakeStone announced the completion of a $22 million financing round, led by Polychain Capital. This financing round includes strategic investments from Binance Labs and OKX Ventures, seed round financing led by SevenX, and participation from Nomad Capital, HashKey Capital, and others.

  • Hong Kong venture capital group The Z Label has completed a HK$90 million financing and plans to use blockchain and other new technologies to empower its products

    Hong Kong venture group The Z Label announced the completion of a HKD 90 million financing round, led by Beyond Ventures. The new funds will be used to create innovative consumer products for the global Z generation, utilizing new technologies such as artificial intelligence (AI), big data, spatial computing, and blockchain to find early market fit. The company will also combine technology research and development with cross-industry collaboration to drive enterprise incubation and industry innovation.

  • Decentralized AI orchestration platform Naptha AI completes $6 million Pre-Seed round of financing

    decentralized, multi-agent AI orchestration platform Naptha AI announced the completion of a $6 million Pre-Seed round of financing, led by Arche Capital and Cyber Fund, with participation from Seed Club Ventures, Polymorphic Capital, GnosisDAO, Halo Capital, and others.

  • Ellipsis Labs Completes $20 Million in New Funding

    Ellipsis Labs has announced the completion of a new round of financing of $20 million, with participation from Haun Ventures, aimed at accelerating the launch of Atlas, a second-layer blockchain focused on verifiable finance. Haun Ventures said that this round of financing is a "quick follow-up" to Ellipsis Labs' $20 million Series A financing completed in April.

  • Blockchain solar company Glow completes $30 million in funding

    blockchain solar energy company Glow has completed a $30 million financing round, led by Framework Ventures and Union Square Ventures. Other specific information has not been disclosed. According to reports, Glow operates a decentralized physical infrastructure network (DePIN) composed of solar farms in the United States and India. To encourage farms on its network to use clean energy, the founder designed an economic model based on subsidies and token incentives.

  • Ethereum scaling infrastructure Spire Labs raises $7 million in seed funding

    Spire Labs, the developer of Ethereum scaling infrastructure, has raised $7 million in seed funding. Maven 11 Capital and Anagram co-led the round, with participation from a16z Crypto Startup Accelerator, Digital Currency Group, Bankless Ventures, Volt Capital, Finality Capital, and other companies. Angel investors also participated in the round, including Nick White and Jacob Arluck from Celestia Labs, and Amrit Kumar and Anthony Sassano from AltLayer.

  • Bitcoin project Citrea raises $14 million in Series A funding

    Bitcoin Rollup project Citrea has raised $14 million in Series A financing, led by Peter Thiel's Founder Fund, with angel investors Erik Voorhees and Balaji Srinivasan also participating. Citrea raised $2.7 million in seed funding in February in a round led by Galaxy. The company uses the BitVM computing paradigm to allow Ethereum-style smart contracts to be used on Bitcoin.

  • A whale who was long on ETH/BTC exchange rate was liquidated after the Aave loan health rate broke 1

    According to on-chain analyst Yu Jin's monitoring, with last night's decline, the ETH/BTC exchange rate fell to a minimum of 0.047. Six hours ago, a whale who has been longing for the ETH/BTC exchange rate since March 2023 experienced liquidation again as the health rate of the loan in Aave fell below 1, and liquidated 2701 ETH (worth about 8.74 million US dollars) to repay the 123.7 WBTC loan. Currently, the whale's loan health rate in Aave is 1.01, still on the edge of the liquidation line. If the ETH/BTC exchange rate continues to decline, its collateral will continue to be liquidated.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company