exciting news coming from Urb; Company acquired sonar, a mobile gaming platform that uses NFT-backed avatars to navigate virtual environments. With this new acquisition, Aave plans to consolidate. lensadd your own social media protocols to your app.
How this acquisition will help Aave
One thing to note is that Lens has a unique decentralized profile. And since Sonar is built around NFT-backed avatars, it’s a great fit. There are reportedly plans to merge avatars and accompanying emojis to create a unified identity. A user across the metaverse.
Aave says this is done by logging into Sonar with a Lens account to access all of its features. It’s worth noting that Sonar has been very popular in the market since its launch, boasting over 20,000 users.
Arbfam is growing! It’s no secret that our team has been innovating on social media. Use Lens Protocol to give power back to users where it belongs.
To continue our mission, we are pleased to announce this acquisition. @Sonara mobile-first metaverse. pic.twitter.com/qlRTUFq1SO
Lens Protocol (@LensProtocol) December 5, 2022
In addition to this, Sonar-related NFTs have recorded a total of 49 ETH in sales on OpenSea, so there is no doubt that this new acquisition will only increase its visibility. But beyond this, the two companies can continue to work to provide users with a more streamlined web3 experience. This will be done in part by Sonar executives who now report to Aave.
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Tokoni Uti has written extensively on blockchain and cryptocurrencies over the years. Her work has been featured on sites such as BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.