A quick overview of the five new features of the social leader Lens V2

Author: Jaleel

At 16:55 on July 17th, on the main stage of the Ethereum EthCC venue, the Web3 encryption feast in Paris, Stani Kulechov, the founder of the leading social protocol Lens Protocol, shared his views on social protocols, and also shared his personal opinions again. Great news and the joy of being a father.

At the same time, more importantly for users, Stani announced the launch of the Lens Protocol V2 version, and shared the details of V2 on the spot.

The warm-up of the Lens Protocol V2 version started a few days ago, and Lens officials have released relevant content one after another.

Although the floor price of the Lens Protocol ecological NFT Lens Protocol Profiles has dropped to a certain extent due to the launch of a very small-scale new invitation system test, it does not affect the discussion in the community.

The reason why this version of LensV2 has received so much attention from the community is that, in addition to the strong airdrop expectations of Lens itself and early adopters of users, the popularity of the community has a strong correlation with every official action of Lens. The most important reason is that the community once asked: "Lens has not opened the public beta yet because what is missing?"

Stani replied succinctly and directly: "V2".

Although Stani did not mention the public registration when the V2 version was launched, this does not affect the explosion of the V2 version. Let's take a look at the new features that are worth looking forward to.

Lens V2 is online, what new features?

Based on Stani's live announcement at Ethereum's EthCC in Paris, we can spot some new features for LensV2: V2 brings greater control to builders and integrators and those exploring web3-powered experiences. Focusing on "openness and composability, benefit sharing, trust and security", users can now directly execute external smart contract operations in Lens publications, and at the same time add smart contracts in social media to Lens V2. The ability to interact. Lens V2 retains its unique open design space, giving developers and integrators options.

Introduce ERC-6551

Under the LensV2 version, the value is accumulated to the configuration file NFT instead of the wallet address, thus expanding the scope of application of ERC-721 non-tariff barriers. Enable new features like new "follow" relationships and more. Support access to multiple communities and create unique actions for handles and NFTs.

V2 demonstrates the power of composability by providing support between configuration files and ERC-6551. Provide NFT with its own social connections, voice and monetization opportunities. For example, a CryptoKitty could have a Lens profile, follow other CryptoKitties and post content, creating its own value chain.

The configuration file serves as the core identity for all operations. The "follow" relationship in V2 changed from a relationship between profiles and wallets to a relationship between profiles. This change means that all social actions happen between profiles. This improves the developer experience with Lens operations by excluding wallet-based operations.

V2 introduces a new attention architecture. The "follow" relationship in V2 changed from a relationship between profiles and wallets to a relationship between profiles. This change means that all social actions happen between profiles.

NFT tokenization is now optional. All "follow" relationships are attached to the profile, not followers. If you move your profile from one address to another, your social network will also move with your profile.

Open the namespace. With Lens V2, profiles are treated differently than handles, and people can transfer their handles without transferring personal data, both of which are tokenized as NFTs.

Profiles can be minted without a handle, changed to another available handle or attached to multiple handles, be it the canonical.lens namespace or any other namespace. In the future, open namespaces will be accompanied by namespace modules to create community interaction functionality based on handles.

Open Operation

Under the LensV2 version, users can now enable and execute any external smart contract operations directly in Lens. This functionality can even be extended to cross-chain operations with oracle support, such as those on Ethereum and L2s. Including joining the whitelist, publishing music, building music, building NFT, buying and selling ERC-20 or NFT, joining a DAO, donating gitcoin, voting proposals, etc.

Open Action: Open Action creates a more native user experience for Lens apps that want to perform external actions directly on Lens. Through open operations, users and developers can "bring their own smart contracts" to enable any external smart contract operations on Lens publications - this can even be extended to cross-chain operations with oracle support (e.g. on Ethereum and L2s) operate).

For example, through the OpenSea "Mint" open action, users only need to click "Mint" on the Lens post, and it will directly mint NFT through the OpenSea contract on Lens. Apps can integrate with various third-party marketplaces and protocols to perform as open actions on user-created posts.

All operations can be plugged into the Lens collective value-sharing chain to share value between people, applications, algorithms, or other services that add distribution, amplification, curation, or other types of value. Lens Open Actions extends the composability and modularity of Lens itself by plugging into any web3 social application and supporting bi-directional integration. As a result, many types of innovative Internet projects and monetization models can be developed in which social networks collaborate, increase the total value of their audiences and content, and reward each other.

LensV2 created an open operation that allows creators to mint NFT collectibles directly on Lens to demonstrate the benefits this feature brings to builders in web3 who can benefit from a shared network. LensV2 allows users to create an open action that can be used across the entire Lens network in the application and make your innovation visible. Open operations can be proposed as LIPs and built together.

Shared Value

Collective value sharing enables new network effects that grow with every interaction. A value chain that rewards the positive contributions of people, applications, algorithms and networks. Individual contributors and the ecosystem share benefits. Lens believes in value chains that reward the positive contributions of people, applications, algorithms, and networks.

With Lens V2, Lens increases opportunities for value sharing between users, algorithms, curators, and applications. Everyone can share revenue and reward coordinated actions. For example, someone could make a post on Orb; another user could post a comment, another user could collect it—perhaps on another app like Buttrfly, where an algorithm presents content to a curator, who brings more viewers. In this case, the original publisher may want to share revenue to reward users, applications and algorithms that contribute to each step of the value chain, thereby strengthening the value chain and strengthening the ecosystem partners and their business models.

This new programmable monetization layer can be scaled to reward any user or application that adds value to an action. It gives people the option to implement a monetization model that rewards beneficial and altruistic behavior, which in turn supports collaboration between networks and sustainable ecosystem growth on the shared network.

access asset management

Under the LensV2 version, users can delegate operations to any wallet, following the relationship between the profile and the wallet connected to it. Or store configuration files directly on the hardware wallet and use it with another wallet. When used by one or more addresses, a DAO or community profile will be able to be stored on multiple signatures. Improved profile manager provides stronger security.

Open Namespace

Under LensV2, the new profile manager feature allows Lens profiles to delegate social operations to different wallets. Profile Manager improves the security layer of Lens profiles by allowing users to store their profiles directly in hardware wallets and use them with any other wallet. This feature also enables DAO or community profiles to be stored in a smart contract while being available from one or more other addresses. Social operations can be delegated to applications to improve the user experience for airless and signatureless transactions. Users can also set up an address that follows the account abstraction standard as a profile manager, unlocking exciting new use cases for profile management.

Some security-related features, such as burning profiles and profile transfers that require asset management, were 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, the new features of Lens V2 are:

Improved configuration file security. LIP-4 introduces Profile Protector, which improves profile security and minimizes phishing profile takeovers. V2 also adds native citation publications, facilitating greater participation and creating a simplified standard for implementation across the protocol. It's the equivalent of quoting a tweet. V2 adds on-chain blocking. A blocked profile cannot follow a profile, comment, mirror, quote, collect or perform any open actions on its content. Enforceable within the Lens app, they will obey on-chain blocking standards by default.

LensV2 will also host an open Code4rena Smart Contract Security Competition, inviting the community to discover bugs and improvements in the protocol and share findings directly on Lens. To learn more about the Lens Protocol V2 architecture, please visit the documentation.

Lens hopes to return social capital to users

Since Elon Musk introduced the limited traffic policy, Twitter users were temporarily restricted from reading tweets. Immediately after Zuckerberg launched Threads, a new application that rivals Twitter, Lens seemed anxious and moved frequently.

From announcing the launch of the beta version of the Optimistic L3 scaling solution Bonsai, which will handle ultra-large-scale transactions; to obtaining a new round of financing with the participation of Tencent Global of 15 million US dollars; to releasing the LIP-4 proposal, which intends to introduce "Profile Guardian" Help Lens users prevent phishing, and start the new invitation system test and the most important news in the near future - the release of Lens V2. The recent progress of Lens is very rapid.

In a podcast with Decrypt "gm", Stani elaborated on using the Lens protocol and comparing it to Bitcoin: "When using Bitcoin, the user basically owns their own money and their own store of value. Using the Lens protocol, users can have their own social capital and their own social presence." Stani believes that financial capital is something that most people have, but social capital is something that everyone in the world has.

Today, Stani is still practicing on Lens to return social capital to users themselves. The announced details of Lens Protocol V2 also seem to bring Lens closer to their original vision of building an open and decentralized social layer for the web, enabling all social media stakeholders (builders, users, creators and brands) benefit.

Reference document: "Introducing LensV2"