Lens Protocol, the blockchain-based social media project from decentralized finance (DeFi) lender Aave, has acquired Sonar, a mobile app whose users pilot non-fungible token-linked avatars through digital worlds.
Lens declined to state the terms of the acquisition, Aave’s first foray into buying out other teams. It will integrate what it termed Lens’ decentralized profile system with Sonar’s avatars – cutesy emojis called “mojis” – to create a singular identity within its metaverse.
Players can log into the Sonar game using Lens, the companies said. The app claimed to have 20,000 monthly active users and thousands of NFTs owners, according to a press release shared with CoinDesk.
Sonar’s NFTs have seen 49 ETH in trading volume since launching in October 2021, according to its OpenSea page. The collection had just over 1,000 different owners at press time.
Along with the acquisition, the startup's executives will join Aave to build its mobile consumer-facing social applications powered by Lens, with other Web3 consumer applications launching in 2023. Aave declined to disclose more information on those plans.
Earlier in May, Aave launched Lens Protocol on Polygon blockchain, allowing developers to build their own decentralized social media applications and marketplaces where users can control their data. The acquisition helps Lens expand to the mobile application, accelerating its social media product strategy based on the Lens Protocol.
Related Quotes
AI platform Fetch.ai’s native token FET surged 80% in the past five days, according to data from CoinDesk Market Index.
A final vote on the law has been repeatedly pushed back, even though a deal was struck in June.
The former meme stock-turned-value-stock turned lower with U.S. peers as hopes for a SAFE Banking bill this year faded.
Viewing insider transactions for Verizon Communications Inc.'s ( NYSE:VZ ) over the last year, we see that insiders…
Microsoft today announced that it acquired Lumenisity, a U.K.-based startup developing "hollow core fiber (HCF)" technologies primarily for data centers and ISPs. Microsoft says that the purchase, the terms of which weren't disclosed, will "expand [its] ability to further optimize its global cloud infrastructure" and "serve Microsoft’s cloud platform and services customers with strict latency and security requirements." HCF cables fundamentally combine optical fiber and coaxial cable.
ChatGPT is unlikely to replace Google Search – for now.
Google could face disruption from ChatGPT, a new A.I. chatbot that provides straightforward, uncluttered answers to questions.
The world is becoming an increasingly dangerous place resulting in a number of billion-dollar companies springing up in the personal security industry. Ring LLC was sold to Amazon.com Inc. for over $1 billion, and Tile has raised over $140 million in funding. Life360 Inc. is worth about $1 billion dollars as a public company and recently purchased Jiobit from Tile for tens of millions of dollars. Even major players like Apple Inc. have gotten into the space with its Apple AirTags. But many of th
The latest offering from OpenAI, with its ability to immediately answer questions, could end our dependence on Google and its advertising model and force companies to use NFTs to generate revenue.
The company said users could subscribe to the revamped service that will allow subscribers to edit tweets, upload 1080p videos and get a blue checkmark post account verification, for $8 per month through the web but for $11 per month through Apple iOS. Twitter did not explain why Apple users were being charged more than others on the web but there have been media reports that the company was looking for ways to offset fees charged in the App Store. Twitter had initially launched Twitter Blue early in November before pausing it as fake accounts mushroomed.
It can be hard to tell — perhaps too hard, its creator OpenAI thinks, which is why it is working on a way to "watermark" AI-generated content. In a lecture at the University of Austin, computer science professor Scott Aaronson, currently a guest researcher at OpenAI, revealed that OpenAI is developing a tool for "statistically watermarking the outputs of a text [AI system]." Whenever a system — say, ChatGPT — generates text, the tool would embed an "unnoticeable secret signal" indicating where the text came from.
Apple and Ericsson have struck a deal that ends a years-long battle over LTE patents.
DJI's latest drone in a string of many new models has arrived, and it's aimed squarely at the prosumer market.
The Canadian firm said it would receive 5,800 machines by end-January, raking in upwards of 630 PH/s.
Yahoo Finance's Allie Garfinkle discusses how China lockdowns have impacted Apple production.
Following an unsuccessful first attempt at paid account verification, Twitter will start rolling out its revamped Blue subscription on December 12th.
Six months after researchers from Japan’s National Institute of Information and Communications Technology (NICT) set a new data transfer record of 1.02 petabits per second, a team of researchers from the Technical University of Denmark and Chalmers University of Technology in Sweden has shattered that record, hitting 1.84 Pbit/s with a new chip that uses just a single laser. That’s the equivalent of moving “twice the total global Internet traffic,” all in one second.
Broadcom reported fiscal fourth-quarter earnings and revenue that topped Wall Street's targets, despite slowing smartphone sales.
Five states have banned TikTok on government devices, citing national security concerns over the app's ties to China. Robert Anderson, chairman and CEO of Cyber Defense Labs, spoke to CBS News about the extent of those security concerns.
Just in time for the holiday shopping season, Amazon is taking notes from social media giant TikTok with its latest app feature — Amazon Inspire, an in-app shopping feed. The new feature allows…
Author
Administraroot
