Monetization on Web3; Lens Protocol announces new tool restricting content – Money Times

Lens customers can now specify entry situations when a consumer creates a new closed publish (Picture: Lens Protocol/Twitter)

lens protocol, social community Decentralized, introduced a new tool that enables content creators to restrict publications to solely those that have sure token, According to the group, the novelty may enhance monetization on the social community.

social community Works with a connection to the consumer’s digital pockets Decentralized Applications (DApps) Built on the Polygon Blockchain (MATIC). When the consumer logs in to the community with the pockets, a nft made it up.

This NFT represents the “deal with”, or id of the consumer’s profile. All different interactions are recorded on the blockchain and consumer posts are additionally NFTs. An instance is the publication archive. Here, the consumer can create a nft To you that represents the content shared by your buddy.

Furthermore, the second a consumer provides one other to their Friendship Network, or “Garden” as it’s nicknamed, an NFT “deal with” of the added consumer is distributed on to the pockets of the one who added them. Verification of friendship between the 2 is being enabled.

Another utility of content possession advocated by Lens is straightforward migration from social networks. The Lens Protocol seeks to create a number of social platforms the place profiles migrate from one platform to a different, with a single digital pockets connection.

Understand how the tool works from lens protocol

The Lens protocol was created by the identical group as Aave, and continues to be below growth. See the information announcement revealed by the official profile of the venture on social networks:

The above publication, which can be registered on the blockchain, states that the new tool will search to allow the one who publishes it to restrict it to solely their followers, the NFT holders of their profile. verify commercial Twitter From lens:

Lens customers can now specify entry situations when a consumer creates a new closed publish. Access management signifies that decryption of publication supplies and media will solely be out there to (for instance):

  • Users who collected your posts
  • your followers
  • Users who personal any NFT from a particular assortment (eg: a DAO Membership NFT, an NFT from a Collected Publication posted to Lens, a DAO Noun NFT, and so forth.).
  • Users who’ve an NFT with a sure token ID or vary of token IDs (eg: your first 100 followers)
  • Owner of particular lens profile or EOA addresses for unique content.
  • Users who’ve some stability of ERC20 tokens (eg: individuals who personal greater than X stETH or who’ve Y quantity of DAO governance tokens)
  • You may also mix the above utilizing boolean AND and OR situations.

As introduced by Lens, this means to create gated experiences permits use instances to dam and monetize your content within the Lens ecosystem, giving creators and publishers extra management over how their content is consumed. Get extra management.

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