Thrilling information coming from Aave; the corporate has acquired Sonar, a cell gaming platform utilizing NFT-backed avatars to navigate digital environments. With this new acquisition, Aave intends to combine Lens, its personal social media protocol, into the app.
How This Acquisition Helps Aave
One factor to notice is that Lens options decentralized profiles of its personal, and since Sonar is constructed round NFT-backed avatars, it should match proper in. Reportedly, there are plans to combine the avatars and their accompanying emojis to create a unified id for customers throughout its Metaverse.
This shall be achieved, Aave says, by logging into Sonar utilizing their Lens accounts and accessing all of its options. It’s price noting that Sonar has been fairly fashionable available in the market since its launch, boasting over 20,000 customers.
The Aave Fam is rising! It’s no secret that our workforce has been innovating in social media, with Lens Protocol to deliver energy again to customers, proper the place it belongs.
To proceed our mission, we’re thrilled to announce the acquisition of @Sonar, a mobile-first metaverse. pic.twitter.com/qlRTUFq1SO
— Lens Protocol ? (@LensProtocol) December 5, 2022
On prime of this, the NFTs related to Sonar have seen a mixed 49 ETH in gross sales on OpenSea and little doubt this new acquisition will solely increase its visibility. However greater than this, the 2 firms can proceed to work in direction of giving customers a extra streamlined web3 expertise. This shall be achieved partially by the executives of Sonar who will now work below Aave.
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Tokoni Uti has written extensively on blockchain and cryptocurrency for years. Her work has appeared on websites like BTCmanager and Blockchain Reporter. She has a level in Company Communications.