ChainCatcher message, Aave founder Stani Kulechov tweeted that the team will release innovative contracts on the modular social feature network Lens Network. This includes social (expanded information flow, groups, charts, username rules), ICO/crowdfunding, ERC20 New flavour, Novel bonding curves, new ERC721 contracts, governance, points system, and revenue plans. All content will be open source, and users can use it freely.

ChainCatcher news, according to DLNews, informed sources revealed that Avara founder and CEO Stani Kulechov is seeking to raise $50 million from American venture capital firms to fund the social media platform Lens Protocol, which will bring Lens Protocol's valuation to $500 million.When asked about the token issuance of Lens Protocol, Kulechov stated, "we haven't gotten to that point yet." The current main goal is the upcoming Lens Network, a native network built on the ZKsync technology stack.

ChainCatcher news, according to CoinDesk, Lens Lab is a project led by Aave founder Stani Kulechov and is the team behind the Web3 social platform Lens Protocol built on Polygon PoS. They announced that they are now developing their own blockchain network, Lens Network, which will be built on Matter Labs' ZK Stack and supported by zkSync on Ethereum.