Aave’s Social Media Protocol Lens Acquires NFT Mobile Game Sonar – Yahoo Finance
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.
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…
GitLab Inc. (NASDAQ:GTLB) Q3 2023 Earnings Call Transcript December 5, 2022 GitLab Inc. beats earnings expectations. Reported EPS is $-0.1, expectations were $-0.15. Sharlene Seemungal: GitLabs Co-Founder and CEO, Sid Sijbrandij; and GitLab’s Chief Financial Officer, Brian Robbins will provide commentary on the quarter and the fiscal year. Please note, we will be opening up […]
Google could face disruption from ChatGPT, a new A.I. chatbot that provides straightforward, uncluttered answers to questions.
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.
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.
Brodmann17, an Israeli computer vision technology startup that developed a novel approach to take on a marketplace dominated by Mobileye, shut down this week. Brodmann17's co-founder and CEO Adi Pinhas posted a message on LinkedIn announcing the move, stating that while the company would not be able to bring its products to the mass market as hoped, "we do get comfort that our innovation will hopefully influence the market thinking and others will proceed in the mission of creating safer mobility to everyone." In a subsequent interview, Pinhas told TechCrunch that "there is a strong feeling of sorrow as we proved the technology, there is outstanding demand and we have customers in production."
A new study examining the effects of robots and automation on the Chinese labor market shows workers are under fire.
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.
The U.S. Defense Department declares Amazon (AMZN), Alphabet (GOOGL), Microsoft (MSFT) and Oracle (ORCL) as the winners of a multibillion-dollar cloud computing contract.
Yahoo Finance's Allie Garfinkle discusses how China lockdowns have impacted Apple production.
Looking for the perfect holiday gift for a young gamer? The Xbox Series S is just $240, including a controller.
ChatGPT is unlikely to replace Google Search – for now.
Yahoo Finance Live anchors Dave Briggs and Seana Smith discuss Amazon's new in-app shopping tool called "Inspire."
Broadcom reported fiscal fourth-quarter earnings and revenue that topped Wall Street's targets, despite slowing smartphone sales.
The FTC is suing Microsoft to block its deal to buy Activision Blizzard.
Congress is considering legislation that targets Google and Apple's app stores. The problem is, they're not monopolies, Jessica Melugin writes.
This new chatbot has a polarizing response.
Leave a Comment
You must be logged in to post a comment.