Web Monetization3; Lens Protocol announces a new tool that restricts content – Money Times

When a person creates a new closed put up, Lens customers can now set entry circumstances (Image: Lens Protocol/Twitter)

The lens protocol, social community decentralized, introduced a new tool that permits the content creator to restrict posts to solely those that have sure tokens. The novelty may improve monetization on the social community, based on the staff.

THE social community works from the person’s digital pockets reference to decentralized utility (dApp) constructed on the Polygon (MATIC) blockchain. When the person logs into the community with the pockets, a NFT It is being created.

This NFT represents the “deal with” or identification of the person profile. All different interactions are recorded on blockchains and person posts are additionally NFTs. An instance is a assortment of posts. Here the person can create a NFT to you, which is the content shared by your pal.

Additionally, the second a person provides one other to their friendship community, or “backyard” because it’s known as, the added person’s NFT “deal with” is shipped on to the pockets of the one who added them. Enable friendship verification between the 2.

Another good thing about content possession beneficial by Lens is straightforward migration from social networks. Lens Protocol goals to create a number of social platforms the place with a single digital pockets hyperlink the profile migrates from one platform to a different.

Find out how the tool works by Lens Protocol

The Lens protocol was created by the identical group as Aave (AAVE) and remains to be underneath improvement. See the information revealed by the official profile of the venture on the social community:

The put up above, which can be logged on the blockchain, explains that the new tool will search to allow the particular person posting one thing to restrict it to solely their followers who personal the NFTs on their profile. Check the advert twitter from Lens:

When a person creates a new closed put up, Lens customers can now set entry circumstances. Access controls imply that put up and media content decryption will solely be accessible to (for instance):

  • Users who collected your put up
  • your followers
  • Users who personal NFTs from a particular assortment (examples: DAO membership NFT, NFT from a assortment revealed to Lens, DAO noun NFT, and so on.).
  • Users who’ve an NFT with a sure Token Id or vary of TokenIds (instance: Your first 100 followers)
  • The proprietor of a particular lens profile or EOA deal with for unique content.
  • Users who personal a recognized ERC20 token steadiness (Example: People who personal greater than X stETH or who personal Y quantity of DAO token to handle)
  • You can even mix the above utilizing Boolean AND and OR circumstances.

As introduced by Lens, this skill to create gated experiences allows use circumstances to dam and monetize your content throughout the Lens ecosystem, giving creators and publishers extra management over how their content is consumed.

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