Lens will give users ownership of their data and a chance for monetization when the mainnet launches early next year.
Lens, a layer-2 blockchain developed by Avara, has raised $31 million in a funding round led by Lightspeed Faction. The funds will go to scaling the network infrastructure ahead of its mainnet launch early next year.
Lens is designed for SocialFi use cases. According to a description of its Version 3 developer preview, it has customizable plug-and-play features including accounts, usernames, graphs, feeds and groups, as well as monetization capabilities, that developers can add to any app on the chain.
The Lens mainnet is expected to launch on Ethereum in early 2025. Lens founder Stani Kulechov said:
