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

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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.

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