Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁 Enjoyed this article? Share it with your friends! Aave AAVE $157.38 , a decentralized finance (DeFi) protocol, has handed over the leadership of its social protocol, Lens, to Mask Network. The decision shifts responsibility for building user-facing applications to Mask, while Aave keeps its focus on decentralized finance. The update was confirmed by both Lens and Aave’s founder, Stani Kulechov. In a post on X, Kulechov said Aave will now provide technical guidance rather than lead development. Did you know? Want to get smarter & wealthier with crypto? Subscribe - We publish new crypto explainer videos every week! What is NEO in Crypto? Chinese Ethereum Explained (ANIMATED) SUBSCRIBE ON YOUTUBE Mask Network, known for adding blockchain tools to social and messaging apps, will guide Lens through its next phase. It will take charge of product planning, user experience, and daily operations for applications built on the protocol. These include social platforms like Orb, as well as other projects that use Lens to connect users via on-chain profiles. Although the transition was described as a change in "stewardship", both teams clarified that it was not a sale or ownership transfer. Its main parts, such as the social graph, profiles, follows, and smart contracts, will stay accessible to anyone who wants to build on them. There is no sign of a transfer involving governance, intellectual property, or treasury assets. Aave’s role will be limited to providing protocol-level advice, while Mask Network will handle everything related to the user side and app development. Recently, Chainlink announced plans to bring more of the US stock market onto blockchain networks. How? Read the full story. Aaron S. Editor-In-Chief Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers. Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners. Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova. Full Bio See Our Experts Thirsty for the Hottest Crypto News in Your Inbox? Get crypto-smart in just 3 mins a day with our newsletter! Join 120,000+ subscribers & get a juicy Daily Squeeze of the hottest, jargon-free news and insights straight to your inbox. Subscribe
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Aave передает управление своим социальным протоколом Lens компании Mask Network, сосредотачиваясь на поддержке и техническом руководстве, в то время как Mask Network берет на себя ответственность за разработку и управление приложениями на базе Lens, включая социальные платформы, такие как Orb. Это изменение не связано с передачей владения, интеллектуальной собственности или средств, а лишь с передачей ответственности за пользовательскую часть и разработку приложений.
