Social leader Lens launches V2 version, showcasing five new features.
Social leader Lens launches V2 with five new features.
At the main venue of EthCC in Ethereum, Stani announced the launch of Lens Protocol V2 and introduced the detailed content.
Original author: Jaleel
On July 17th, 16:55, at the Web3 Encryption Feast in Paris, Stani Kulechov, the founder of the social leader protocol Lens Protocol, shared his views on social protocols and also shared his personal good news and joy of becoming a father.
At the same time, what is more important for users is that Stani announced the launch of Lens Protocol V2 and shared the detailed content of V2 on site.
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The preheating of Lens Protocol V2 started a few days ago, and the official Lens consecutively released related content.
Although the floor price of the Lens Protocol Profiles in the Lens Protocol ecosystem NFT has dropped to some extent due to the small-scale new invitation system test, it does not affect the community’s discussion.
The reason why the Lens V2 version is so valued by the community is not only because of the strong airdrop expectations and user experience of Lens itself, which makes the community’s enthusiasm highly relevant to every action of the official Lens, but also because the community once asked: “What is missing for Lens to launch the public beta?”
Stani’s concise and direct answer is: “V2”.
Although Stani did not mention the matter of open registration at the time of the launch of V2, it does not affect the explosiveness of this V2 version. Let’s take a look at the new features worth looking forward to.
Lens V2 is launched, what are the new features?
Based on the content announced by Stani at the EthCC in Paris, we can discover some new features of Lens V2: V2 brings greater control for builders, integrators, and people exploring web3-driven experiences. With the main focus on “open and composable, benefit sharing, trust and security,” users can now directly perform external smart contract operations in Lens publications, and the ability to interact with smart contracts within social media is also added to Lens V2. Lens V2 retains its unique open design space and provides choices for developers and integrators.
Introduction of ERC-6551
In the Lens V2 version, the value is accumulated to the configuration profile NFT instead of the wallet address, expanding the scope of application of ERC-721 non-tariff barriers. Enable new features such as new “follow” relationships. Support access to multiple communities and create unique operations for handles and NFTs.
V2 showcases the powerful functionality of composability by providing support between configuration files and ERC-6551. It offers NFTs their own social relationships, discourse power, and monetization opportunities. For example, CryptoKitty can have a Lens profile, follow other CryptoKitties, and publish content to create its own value chain.
Configuration files serve as the core identity for all operations. In V2, the “follow” relationship changes from the relationship between configuration files and wallets to the relationship between configuration files. This change means that all social operations occur between configuration files. This improves the developer experience with Lens operations by excluding wallet-based operations.
V2 introduces a new following architecture. In V2, the “follow” relationship changes from the relationship between configuration files and wallets to the relationship between configuration files. This change means that all social operations occur between configuration files.
NFT tokenization is now optional. All “follow” relationships are attached to profiles instead of followers. If you move your profile from one address to another, your social network will also move with your profile.
Open namespaces. With Lens V2, the handling of configuration files is different from handles. People can transfer their handles without transferring their profiles, and both are marked as NFTs.
Configuration files can be minted without handles, changed to another available handle, or attached to multiple handles, which can be in the canonical.lens namespace or any other namespace. In the future, open namespaces will be accompanied by namespace modules to create community interaction features based on handles.
In Lens V2, users can now enable and execute any external smart contract operations directly in Lens. This feature can even be extended to cross-chain operations with oracle support, such as operations on Ethereum and L2s. This includes joining whitelists, publishing music, crafting music, crafting NFTs, buying and selling ERC-20 or NFTs, joining a DAO, donating to Gitcoin, voting on proposals, etc.
Open operations: “Open operations” create a more native user experience for Lens applications that want to directly execute external operations on Lens. With open operations, users and developers can “bring their own smart contract” to enable any external smart contract operation on Lens publications – this can even be extended to cross-chain operations with oracle support (such as operations on Ethereum and L2s).
For example, with the OpenSea “Mint” open action, users can simply click “Mint” on a Lens post, and it will directly mint an NFT through the OpenSea contract on Lens. Applications can integrate with various third-party markets and protocols to execute as open operations within user-created posts.
All operations can be inserted into the Lens collective value-sharing chain to share value among individuals, applications, algorithms, or other services that add distribution, amplification, curation, or other types of value. By inserting any web3 social application and supporting bidirectional integration, Lens open actions expand the composability and modularity of Lens itself. Therefore, various types of innovative Internet projects and monetization models can be developed, where social network collaboration increases the total value of their audience and content and rewards each other.
Lens V2 has created an open operation that allows creators to directly mint NFT collectibles on Lens, showcasing the benefits brought by builders in web3, who can benefit from the shared network. Lens V2 allows users to create an open operation that can be used throughout the Lens network in the application and make your innovations visible. Open operations can be proposed and built together as LIPs.
Collective value sharing realizes new network effects that grow with each interaction. The value chain rewards the contributions of individuals, applications, algorithms, and networks. Individual contributors and the ecosystem share the benefits. Lens believes that the value chain can reward the positive contributions of individuals, applications, algorithms, and networks.
With Lens V2, Lens adds opportunities for value sharing between users, algorithms, curators, and applications. Everyone can share revenue and reward collaborative actions. For example, someone can post on Orb; another user can comment, and another user can collect it – perhaps on another application like Buttrfly, where the algorithm presents the content to curators, who bring more viewers. In this case, the original publisher may want to share revenue to reward users, applications, and algorithms that contribute to every step of the value chain, thus strengthening the value chain and enhancing ecosystem partners and their business models.
This new programmable monetization layer can be expanded to reward any user or application that adds value to actions. It allows people to choose to implement monetization models that reward beneficial and altruistic behavior, which in turn supports collaboration between networks and sustainable ecosystem growth on shared networks.
Access to Asset Management
In the Lens V2 version, users can delegate operations to any wallet, following the relationship between the connected profile and the wallet. Or store the profile directly on a hardware wallet and use it with another wallet. When one or more addresses are used, DAO or community profiles can be stored on multiple signatures. The improved profile manager provides stronger security.
In the Lens V2 version, the new profile manager feature allows Lens profiles to delegate social operations to different wallets. The profile manager improves the security layer of Lens profiles, allowing users to store their profiles directly on a hardware wallet and use them with any other wallet. This feature also allows DAO or community profiles to be stored in smart contracts and used from one or more other addresses. Social operations can be delegated to applications to improve the user experience of gasless and signatureless transactions. Users can also set an address that follows the account abstraction standard as the profile manager, unlocking exciting new use cases for profile management.
Some security-related features (such as burning profile and profile transfer requiring asset management) are excluded from the profile manager to include an additional layer of security. The profile manager allows you to build different configuration presets, provide rules for different use cases, and switch between them. These rules can be adjusted through LIP proposals.
In addition, Lens V2 has the following new features:
Improved profile security. LIP-4 introduces profile guardian, which enhances profile security and minimizes the risk of phishing profile takeovers. V2 also adds native reference publication, facilitating greater participation and creating a simplified standard for the entire protocol. It is equivalent to referencing tweets. V2 introduces on-chain blocking. Blocked profiles cannot follow, comment, mirror, quote, collect, or perform any open actions on their content. This can be enforced in the Lens application, and by default, they will comply with the on-chain blocking standard.
Lens V2 will also host a public Code4rena smart contract security competition, inviting the community to discover errors and improvements in the protocol and directly share their findings on Lens. For more information about the Lens Protocol V2 architecture, please visit the documentation.
Lens aims to return social capital to users
Since Elon Musk introduced the limited flow policy, Twitter users have been temporarily restricted from reading tweets. Shortly after, Mark Zuckerberg launched Threads, a new application that rivals Twitter. Lens seems to be anxious and taking frequent actions.
From announcing the launch of the Optimistic L3 scaling solution Bonsai, which handles large-scale transactions, to securing a new $15 million funding round with Tencent Global as a participant, to releasing the LIP-4 proposal to introduce the “Profile Guardian” to help Lens users guard against phishing and initiating tests for a new invitation system, the most important recent news is the release of Lens V2. Lens has made rapid progress in recent times.
In an episode of the Decrypt “gm” podcast, Stani explained in detail the use of the Lens protocol and compared it to Bitcoin: “With Bitcoin, users essentially have their own money and their own value storage. With the Lens protocol, users can have their own social capital and their own social presence.” Stani believes that financial capital is something most people have, but social capital is something that everyone in the world has.
Today, Stani continues to practice returning social capital to users on Lens. The details of the released Lens Protocol V2 also seem to bring Lens closer to their original vision of establishing an open and decentralized social layer for the internet, benefiting all stakeholders in social media (builders, users, creators, and brands).