Ripple’s RLUSD stablecoin has gained momentum in decentralized finance (DeFi), attracting significant supply to Aave’s V3 Ethereum Core market, with a notable amount in loans taken. 

Daily top performer — Sui Network (SUI)

The S&P 500 gained 1.67% on easing trade tensions and Fed reassurance, but pared gains after tariff cut hopes were downplayed. Gold fell from its $3,500 high, signaling a bearish reversal. Key support lies near $3,167, with further downside possible. The Coindesk Indices, which tracks the broader crypto market, fell 0.53%, with Bitcoin and Ether up 2.19% and 5.92%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is SUI, up 7.3%, following OVERTAKE's partnership with Sui to build a scalable and trustless game asset trading platform.

Sui Network (SUI), founded in 2022, is a Layer 1 blockchain by Mysten Labs, built to improve web3 scalability, speed, and security. It aims to reduce smart contract latency and support innovative NFT gaming, like Sui Monstar, with a developer-friendly environment. 

, efficient game asset trading platform. Leveraging Sui’s object-centric architecture, parallel execution, zkLogin, and modular infrastructure, OVERTAKE aims to enable trustless trading, verified in-game assets, and a real, on-chain game economy.

Check out the latest prices, charts, and data of 

 has gained momentum in decentralized finance (DeFi), attracting significant supply to Aave’s V3 Ethereum Core market, with a notable amount in loans taken. Initially slow, the stablecoin's growth has accelerated after its debut on Aave. RLUSD has a market cap close to $300 million and a supply cap, with borrowing limited to a specific amount. Ripple aims for RLUSD to become a top-five stablecoin by year-end. Ripple's collaboration with Chainlink enhances RLUSD’s utility across both institutional and DeFi applications.

Yesterday, BTC spot ETFs saw $273.8M in total inflows, all from non-GBTC funds.

, with 10% of MILK’s 1B supply allocated for eligible users—mPoint holders, oolitia NFT holders, and milkINIT testers. Opt-in is required for CEX claims; wallet claims need no action. Pre-deposits close April 26, 12 PM UTC.

Beginner

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Ripple’s RLUSD stablecoin gains momentum with Aave integration and growing DeFi presence

VanEck’s BNB Spot ETF proposal could bring BNB to U.S. markets, expanding access and marking a key milestone for BNB Chain's growth in regulated finance.

After the US Securities and Exchange Commission (SEC) approved spot exchange-traded fund (ETF) products based on 

 (ETH) in 2024, a flurry of new altcoin ETF applications emerged in early 2025. Many prominent asset management firms are vying for the approval of their ETF products, based on coins like 

 (AVAX) and others. Even some smaller-cap meme coins, specifically Pudgy Penguins' 

, have joined the SEC's ETF waiting list.

Given that most top cryptos already have their ETF applications filed with the country's financial regulator, it's little surprise that BNB Chain's 

, the fifth-largest cryptocurrency by market capitalization, has joined the bandwagon. In late March 2025, the New York–based global investment management giant VanEck registered a trust entity named VanEck BNB ETF in the US state of Delaware. The registration is an early sign that the acclaimed investment manager is planning to lodge a BNB ETF application with the SEC.

If approved, it will be the first US-based BNB ETF product on the market, likely leading to significant growth within BNB Chain's already well-established ecosystem.

On Mar 31, 2025, one of the leading asset managers in the world, VanEck, registered a trust named VanEck BNB ETF in the US state of Delaware. This is the strongest imaginable indicator that the company plans to subsequently launch an application with the SEC for the ETF’s approval. If approved by the regulator, the product will be the first spot ETF in the US to track BNB coin. As of the time of this writing (Apr 23, 2025), VanEck hasn't formally applied with the SEC, but this step is likely imminent.

Following the SEC filing, BNB coin will join a long list of other leading cryptocurrencies whose spot ETF applications have been lodged with the US regulator. Over the past few months, the SEC has received spot ETF applications for Solana, 

The VanEck BNB Spot ETF will track BNB coin, allowing holders to invest in the asset without directly holding it. While BNB is among the most popular assets in the crypto market, many investors are eschewing it and other cryptocurrencies due to their unregulated nature. Upon approval, the ETF product would be available for trading on regulated stock exchanges.

The exact composition of a crypto ETF product is usually unknown before its application is filed with the SEC. Therefore, we can assume that at this stage the ETF will be based entirely upon tracking BNB coin. Any additional components, such as minor holdings of other assets such as cash equivalents, could theoretically be included, but this will only be known upon VanEck’s formal application to the SEC.

VanEck itself is among the leading ETF issuers in the finance industry and is a pioneer of crypto ETFs. The firm already offers approved 

, and has filed applications with the SEC for spot ETFs based on several other cryptocurrencies, including a 

Currently, there’s no ETF in the US based on the BNB coin. In that respect, VanEck’s registration is the first serious effort to introduce such a product. Internationally, there is one exchange-traded product (ETP) that tracks BNB — the 21Shares Binance BNB ETP (ABNB), listed on the Swiss Stock Exchange. This ETP is offered by 21Shares, a leading digital asset management firm based in Zurich, Switzerland.

. ETPs may be based on various assets, such as stocks, bonds, commodities or cryptocurrencies. However, ETFs often offer better liquidity, lower fees and greater tax efficiency than other types of ETPs.

In short, despite the presence of the ABNB ETP on the market, the BNB ETF landscape remains an empty niche, as the 21Shares product isn’t a full-fledged ETF and has no regulatory approval in the US.

Current impact of BNB ETF applications on the crypto market

VanEck’s BNB ETF application — or, to be precise, its registration in Delaware — has so far had no immediate impact on the coin’s market price. In fact, BNB coin is currently trading at $615.68, barely different from its price of $600 in the early days of April when news of the ETF’s registration first surfaced.

BNB is a major cryptocurrency featuring at least one billion dollars in daily trading volumes. The news of VanEck's initiative is unlikely to seriously affect BNB’s price. However, if the ETF ultimately gains approval from the SEC, such a development may have a significant positive impact on the crypto's future price.

What will it mean if a Spot BNB ETF application is approved?

If the SEC approves the Spot BNB ETF, it will likely lead to higher demand for BNB coin — as demand from investors for the product rises, VanEck will need to source more BNB to back its ETF shares. This increased demand would push the price of BNB higher. As noted above, BNB is one of the market's largest cryptos and features substantial trading volumes. Therefore, it's unlikely that a Spot BNB ETF would cause drastic rises in the coin’s price. However, a certain positive price effect is a safe bet, and the magnitude of the effect will be directly related to the popularity of the ETF among investors.

Additionally, the ETF will improve the visibility of the BNB ecosystem, potentially leading to more 

 (DApps) and projects launched on its blockchain.

If approved by the SEC, the Spot BNB ETF by VanEck would usher in a new era for the coin. For the first time ever, BNB as a financial asset would become available through the regulated environment of US stock exchanges. This would not only help support the coin’s price and expand the chain’s ecosystem, but would also be a major reputational gain for Binance, the world’s largest crypto exchange and the corporate entity behind BNB Chain.

Over the years, Binance has had its fair share of troubles and arguments with US regulators. A fully approved spot ETF based on Binance’s own coin would, therefore, send a signal to the crypto market that the major components of the Binance ecosystem — BNB crypto, BNB Chain’s blockchain and the Binance crypto exchange — aren’t as risky to deal with as some Americans may believe.

Intermediate

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BNB Spot ETF: A new gateway as BNB Chain evolves

In this article, we explore liquid staking protocol StakeStone's key features, the STO token launch, tokenomics and how to trade STO on Bybit.

StakeStone (STO) is a next-gen omnichain liquidity infrastructure protocol designed to optimize yield and cross-chain liquidity. Its introduction of liquid yield-bearing versions of ETH and BTC — STONE and STONEBTC — enables users to earn sustainable yield while enhancing capital efficiency. This article explores StakeStone’s architecture, core assets, founding team, tokenomics and recent market performance.

 is a decentralized liquidity infrastructure protocol that issues liquid, 

-bearing assets like STONE (Ethereum) and STONEBTC (Bitcoin). Designed for omnichain integration, it empowers users and protocols with composable 

 solutions and efficient cross-chain liquidity.

Launched in 2024, StakeStone was built to address the fragmented and capital-inefficient nature of ETH and BTC staking by introducing secure, flexible and modular primitives. StakeStone’s mission is to maximize on-chain yield while ensuring deep liquidity across ecosystems.

StakeStone was founded in 2023 by a team of DeFi-native builders led by Charles K, a crypto veteran with over 10 years of experience in centralized exchanges (CEXs), hardware wallets and DeFi infrastructure The core team includes Rose Li, Chief Strategy Officer, and Ivan K, Chief Marketing Officer.

The project has secured funding from notable crypto funds, including Polychain Capital, Binance Labs, OKX Ventures, Amber Group, HashKey Capital and Bankless Ventures. These backers not only provide capital but also strategic ecosystem access — positioning StakeStone as a serious player in omnichain liquidity and yield infrastructure.

StakeStone converts ETH and BTC into liquid, yield-bearing assets — STONE (ETH) and STONEBTC (respectively) — through a modular and omnichain framework. When ETH is staked, it flows into the StakeStone Vault and is allocated to the Strategy Pool, and STONE is minted via the Minter.

Yield is generated through strategies such as:

Users can deploy STONE across chains via the 

 (LP) rewards, with optional LP locking for enhanced returns. SBTC is the liquid BTC asset mirroring Bitcoin’s value, with STONEBTC adding a yield layer to BTC and unlocking passive income without sacrificing liquidity.

StakeStone implements key security measures, including the following:

STONE (ETH): Omnichain yield-bearing asset

 derivative. It’s minted when users stake ETH, and is backed by underlying yield from stETH, EigenLayer restaking and additional DeFi strategies.

STONE supports seamless cross-chain bridging, enabling deployment across supported networks and STONE-Fi Pools for additional rewards. Users benefit from passive yield, cross-chain utility, governance participation and on-demand liquidity.

SBTC is a liquid Bitcoin asset that mirrors BTC’s value and enables seamless use within EVM-compatible chains. STONEBTC, on the other hand, enhances SBTC by adding a yield layer, empowering users to earn yield from BTC-based strategies while preserving liquidity.

 utility by unlocking native BTC liquidity and enabling new use cases, such as cross-chain lending and borrowing, LP participation in BTC-based DeFi pools and composable integration across multichain DeFi protocols.

Together, SBTC and STONEBTC aim to position Bitcoin as an active capital layer across Ethereum and beyond.

 of StakeStone, with a total supply of 1 billion. It underpins protocol governance via OPAP proposals, voting-escrowed STO (veSTO) staking and 

Emissions are set to taper gradually until 2031, aligning incentives with long-term ecosystem growth.

According to CoinGecko, as of Apr 24, 2025, 

with a market cap of over $25 million. The token has recently shown strong momentum, rallying 85.4% over the past two weeks. Furthermore, StakeStone’s value could benefit from various catalysts, such as the rise in demand for 

 the STOUSDT Perpetual futures contract in the Innovation Zone, with up to 20x leverage.

 a Bybit account, complete identity verification and fund your 

 using crypto deposits or fiat currencies. 

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StakeStone (STO): Cross-chain liquid staking protocol

The MANTRA (OM) token’s wild crash on Apr 13, 2025, shocked the crypto world. Discover the causes, fallout, and what’s next in MANTRA’s road to recovery.

In the morning and daytime hours of Apr 13, 2025, the MANTRA blockchain's native token, OM, sat at a respectable market cap of $6 billion, making it the third-highest-ranked cryptocurrency in the 

 (RWA) category, the area the platform specializes in. Everything seemed like smooth sailing for the token.

Then, just after 6 PM UTC, the price of the OM token suddenly began to free-fall, declining from nearly $6 to about $0.50 in the space of just two hours.

A project that started the day as one of the top players in the RWA field was now worth 90% less as the evening approached. OM's abrupt, sharp crash immediately caught the market's attention, with speculation of a 

However, MANTRA's CEO, John Patrick Mullin, immediately sprang into action for PR damage control on social media, reassuring the public that the team members weren’t dumping OM tokens at all. Instead, MANTRA's founder and CEO alleged that deliberate actions of some 

 (CEXs) had caused the catastrophic plunge.

As of our coverage date of Apr 23, 2025, this is a developing story. In this article, we’ll establish what actually happened, who's involved and what awaits the OM token in the foreseeable future.

 decentralized network dedicated to RWA tokenization and utilization in compliance with real-world regulatory requirements.

 It features high scalability and low transaction fees. The project is one of the earliest initiatives dedicated to RWA use via blockchain technology. Originally, MANTRA debuted as a 

 (ETH) in August 2020. In October 2024, the project migrated to its own dedicated Layer 1 platform, the MANTRA Chain. The MANTRA blockchain is based on the Cosmos SDK framework, and is part of the wider 

The MANTRA ecosystem's main products include MANTRA DEX, a 

 (DEX); a digital identity (DID) management tool; a compliant token development and management solution; and a comprehensive compliance and permissioning system. MANTRA has also partnered with global powerhouses like Google Cloud, and with DAMAC Properties, one of Dubai's most prominent developers, to propel innovative solutions for 

Starting in late 2024, right after its own dedicated mainnet launch, MANTRA had become a significant player in the RWA corner of 

 (DeFi). By late February 2025, the platform’s native OM token had climbed to a value of nearly $9, with its market cap peaking at around $8.2 billion. Before the fateful events of Apr 13, 2025, OM was the third-highest-capped crypto in the RWA category, trading at $6.27, with a market cap of slightly over $6 billion, according to the CoinGecko portal.

In the evening hours (UTC time) of Apr 13, 2025, OM began to lose its value precipitously, dive-bombing from over $6 to about $0.52 in the space of two hours. The token’s market cap fell to slightly under half a billion dollars — a loss of more than 90%.

CEO John Mullin was quickly online, reassuring the crypto community that no team member had sold their OM holdings, and that this wasn’t a case of the bad ol’ rug pull. Instead, Mullin alluded that after OM tokens were moved to two leading CEXs (Binance and OKX) to use as collateral, the exchanges initiated a cascade of 

 of positions backed by the token. Both exchanges refuted the allegations, and connected OM’s price collapse to its recent unusually high price 

, and significant tokenomics changes made to OM in October 2024 that greatly undermined its value.

As a chain of liquidations took place, the token’s price started to plummet, causing significant panic that quickly led to further price drops. The situation only stabilized closer to the end of the day, with OM’s price remaining under $1. As of Apr 23, it’s trading at $0.5543 — a far cry from its rate of over $6 just two weeks ago.

After investigating, crypto analytics firm Lookonchain concluded that 17 wallets had deposited 43.6 million OM tokens (4.5% of the token's circulating supply) into the implicated exchanges. Two of these wallets are believed to belong to Laser Digital, one of MANTRA's investors. Another investor in the project, Shorooq Partners, is also suspected to be among the 17 wallets. Both Shorooq and Laser Digital have denied the allegations.

Although the price plunge was immediately compared to the 2022 collapse of the 

 (LUNA) blockchain, many analysts point out that the two crashes are fundamentally different. Terra's crash resulted from structural abnormalities in the 

 regulating UST, the project's stablecoin. In contrast, OM's fiasco is suspected to be the direct result of market-driven manipulation by 

, and possibly exchanges. No security breach, disruption to services or data, or other adverse structural events have occurred on the platform.

While this development is unprecedented for the project, MANTRA has been embroiled in other controversies throughout its history. One of these was its 

, first announced in August 2024 and then delayed multiple times. Around 50% of the wallets believed to be bots were cut off from the airdrop list. However, many considered the bot-culling process to have been conducted without much proof.

There have also been reports of vote rigging in the project's governance system in a bid to obscure MANTRA’s centralized model of profit allocation. Additionally, some analysts have accused the project of "forced bridging" to manipulate the market price. Platform users had to migrate their Ethereum-based OM tokens to MANTRA's native OM tokens via 

, which would increase gas fees and allow the project team to control the token's circulation pace.

How is MANTRA (OM) headed toward recovery?

MANTRA’s CEO rapidly reassured users that the team is now working hard to jump-start the token’s recovery. On Apr 14, 2025, Mullin unveiled plans to initiate a buyback scheme, along with the intent to burn all OM tokens held by the project team. The team's supply totals 300 million tokens, representing about 17% of the total supply.

He also denied factually incorrect assertions circulating online that the team effectively controls 90% of OM's supply. Mullin further assured the public that no large-scale selling events by investors have occurred.

As OM’s value has stayed firmly under $1, it remains to be seen how these PR efforts — as well as the planned buyback and burn — will affect the token’s future.

 as a swap pair with USDT, or on the Derivatives market as the 

Naturally, given the ongoing situation with the OM token, buying OM is at your own discretion, as right now the token is truly for the adventurous and brave at heart.

As of Apr 23, 2025, the OM token is trading at $0.5543, 93.8% lower than its ATH of $8.99 on Feb 23, 2025, and 3,138.8% higher than its ATL of $0.01726 on Oct 12, 2023.

Curiously, most crypto price prediction portals are optimistic about the OM token's long-term prospects. DigitalCoinPrice 

 of $1.81 in 2027 and $2.82 in 2030, whilePricePrediction 

It's hard to verify all the allegations flying around regarding the involvement of exchanges and key investors in the MANTRA OM incident. What matters at this stage is that the project team has been quick and proactive in injecting transparency and clarity into the situation.

The free fall in the token's price seems to be over by now. In fact, OM’s decline was over within hours of the incident. Moreover, unlike Terra's LUNA and UST coins, OM hasn't become worthless. All these factors point to potential stabilization and recovery ahead. The question now is: Will the pace and magnitude of the recovery be enough to save the project in the long term? At this early stage after the collapse, few people could answer the question with confidence. We'll eagerly await the developments over the next few weeks to see if MANTRA finds its way out of the woods. 

mantra om crypto.png

MANTRA (OM): Understanding its wild ride and road to recovery

Bybit Learn

DeFi

Lens Protocol is a composable, decentralized social graph that empowers creators and puts them in control of their content and data. Find out about it here.

 that has a low carbon footprint and an established web3 team behind it. Each user retains ownership over their profile and the content they create. You can set up a 

 account, monetize your content and transfer your data. More web3 tools are to come, as the team believes in constantly working on innovation and serving the community.

, a decentralized lending platform, is the 

, the founder and CEO of Aave, felt inspired to create Lens Protocol from discussions about the importance of having control over your digital identity. He’s a critic of the way Web 2.0 social media platforms determine what information users get to view and don't view, sell user data and limit their users’ abilities to take their content onto another platform.

 in 2021 when he discussed the evolution and revolution of the social media ecosystem. The team later posted an open letter calling out the problem of companies owning and monetizing their users’ content. It describes Web 2.0 social media platforms as antiquated, centralized systems and web3 as the hope for giving users ownership over their own content and profile. Over 10,000 people have signed the letter.

Lens Protocol was first available on Polygon’s Mumbai testnet and transitioned to Polygon Mainnet in May 2022. Before Lens Protocol went live on the Mainnet, the platform received a PeckShield audit. The community was also allowed to investigate and report on the code. You can 

The team strives to mirror real-life social interactions without confining people to policies and algorithms. They’re giving power back to the users down to the right to monetize their own content as they see fit.

Lens Protocol wants to "create better and more sustainable online social experiences." The social media platform considers its impact on the environment while working on developing its technology.

When you create a profile, you're creating a composable NFT. This dynamic NFT stores all your content, comments, likes and reposts. Your profile is tied to a 

. If you want to collect someone's publication, you would receive a tradable NFT. As a content creator, you have control over who can collect your publications. Lens Protocol allows for monetization of your social media. You could require others to pay a fee to obtain certain content. Setting up subscriptions is also possible.

Because Lens Protocol is on the Polygon blockchain, applications can be deployed to any chain. Polygon is 

Follow NFTs are a core component of the decentralized social graph. They contain built-in governance that allows them to complete several tasks, including power delegation, getting power at a specific block number, and getting total delegated supply at a specific block number.

This decentralized social network uses three layers of ERC-721 NFTs. Each layer is composable. A 

 upgradeable contract functions as the main entry point for most interactions. Almost all interactions begin and function as ERC-721 NFT contracts. When a profile is created, a profile NFT is minted. When the profile gets its first follow, the Follow NFT contract is initiated by minimal proxy cloning. The contract keeps track of follower positions.

Similarly, when a profile gets its first collect, minimal proxy cloning deploys the Collect NFT contract. It records collected publications.

To reduce the gas cost of creating a profile, Lens Protocol was set up to deploy only the Follow NFT and Collect NFT contracts upon the first follow and collect.

All aspects of the code are built in a way that allows for easy development in the future. Modularity is another key component of how Lens Protocol works because it supports an openness for further innovation. Modules are governance-whitelisted contracts that stick to an interface while providing unlimited scope within the interface.

This composable social graph uses three main types of modules: Follow, Collect and Reference. Follow Modules activate when you follow another profile. A Follow Module is linked to each profile. Likewise, a Collect Module is tied to each profile. Collect Modules activate when you save publications. Reference Modules are for handling mirrors.

. Content and interactions with that content are stored on the token. A wallet address can own more than one profile NFT, if you like to manage multiple social media accounts.

To prevent squatters, Lens Protocol allows only governance-whitelisted addresses to create profiles. If you're creating an application that needs to mint multiple user profiles, then contact the team at their Discord for assistance.

. It includes a rarity ranking and utility. One possible utility is voting rights, if the individual you’re following offers it.

 to refer to content. You can post videos, photos, music and text onto your Profile NFT. Posting directly to your Profile NFT helps ensure that all content created by you belongs to you. 

 based on the owner's regulations, such as price and time. Once the owner sets a Collect Module, followers can mint NFTs linked to the contentURI of each publication. This enables content curation over the blockchain.

 from others onto your feed. It's possible to earn a cut of the original owner's profits.

 is a feature that Lens Protocol offers. You can set up a social media account that allows followers to vote on key decisions.

 work on this decentralized social graph. A multisig wallet requires more than one signature to confirm transactions and permission requests. With this feature in place, users are assured their content is secure, and the protocol will continue to be developed as a robust and constructive network.

 to people who have a worthy idea for further developing the platform.

Areas the team would like to develop include:

All proposals are welcome even if they fall under a different category.

The team evaluates applications based on seven factors:

Things to Look Out for When Submitting a Proposal

In your proposal, it’s best to focus on only one specific idea at a time. The team disfavors attempting too many concepts in a single project. If you have more than one idea, first complete one, then submit another proposal for the other.

Lens Protocol has a strict open-source rule. The team will only accept proposals that agree for the code to stay open-source so everyone is able to view and work with it.

It's okay if another platform is doing something similar, but ideally, your idea should be unique. Strive to set your approach apart as much as possible to make it even better than a potential competitor's.

One of the most critical factors is your ability to execute your idea. In your application, prove to the team that you, or your team, has the ability to successfully complete the project. State the skills you have, as well as any past experience.

The Lens Protocol team prefers ideas that clearly benefit the existing ecosystem. It should be easy for you to explain how your concept provides value.

Public good is an important factor that the team keeps in mind when evaluating proposals. Only ideas that are in the best interest of users will be accepted.

Tying into the public good concept, Lens Protocol wants to give grants to those who are kind to others. If you’ve been getting into serious conflicts and fighting aggressively with people, the team will be concerned. They’re more likely to work with someone who goes the extra mile to interact within the Lens Protocol community. You may want to offer support or mentor others in their community.

Lens Protocol doesn't provide grants for marketing or venture funding. Companies with venture capital are welcome to apply for grants, but the money can't be used as venture funding. It must be used in developing the proposed feature for Lens Protocol. The team doesn’t want people misusing their funds, so they’re skeptical of applicants who aren't genuinely interested in web3.

You don't need to worry about being censored when you own your own content on a decentralized platform. No one can delete your posts or deplatform you.

There’s no data harvesting on this social media network. You’re the one who's in full control of your data, including its monetization and where it's displayed, as long as the app is compatible with Lens Protocol.

Because there is no centralized authority overseeing the platform, the risk of people being treated unfairly is low.

Because the platform is open source, anyone can contribute to its growth. You may see new features added to the social network that are actually useful and in the best interest of the community. Web 2.0 companies are limited based on the professionals they hire for developing their platforms. They also tend to be more rigid in maintaining structure and a certain trajectory, rather than being open to adding tools that users would find helpful.

 for discovering and reporting vulnerabilities with the platform. Rewards are as high as $250,000. To report a bug, email Lens Protocol at 

Lens Protocol currently functions as a multisig web3 platform, but the team plans on transforming it into a DAO to allow users to have a say in decisions. They would be able to vote on proposed new features and modules.

A possible upcoming addition to the ecosystem is a native token. People would be able to buy and sell the token as a way of supporting the project.

Lens Protocol is indeed worth trying because it protects you from being deplatformed and discriminated against. You can build an audience without fear of being separated from them via your account being taken down. Taking the time to nurture an audience on the platform can reward you as well. You’re able to monetize your content in the way you want.

Lens Protocol is committed to improving its platform. In addition to a team of developers, it offers grants to other developers who have ideas to expand upon its existing capabilities. An established web3 company is behind Lens Protocol as well. Thus, it’s unlikely you’ll be left with an outdated social media network.

Web3 is the next phase of the internet, and social media isn't going to be left behind. Decentralization is the name of the game for web3. People have become increasingly unhappy with companies collecting data on them and selling it. Issues surrounding censorship and unfair treatment have also become hot topics. The blockchain and decentralization help resolve these problems.

Just as Web 2.0 social media was once in its early stages, web3 social media is in the beginning stages. You can expect far more innovation to come as developers use their imaginations to come up with creative solutions and platform features.

Web3 social media platforms also plan on bringing 

 technology into play. Metaverse technology is in its early stages of development. The two technologies will develop side by side over the years. Artificial intelligence, augmented reality and virtual reality are components of the metaverse. Some people mistakenly believe that the metaverse is owned by Facebook, but many different companies are creating their own metaverses. Facebook just happens to be a big name that got attention for working on this technology.

DAOs are going to become more popular because people want to have a say in a company's decisions. An increasing number of new platforms are choosing to go the DAO route. You may even have a few surprises in the future with existing businesses changing their structure to incorporate community voting. The blockchain makes voting more secure because of its transparency and inability to be hacked.

Decentralized social media platforms will likely evolve to allow profiles 

. Users may want to monetize their profile to earn some extra income. Tools may be released to make it easier for the average person to do this. Ads will be more genuine and targeted, because if a follower doesn't like what they see, they can always unfollow. Aside from ads on a person's profile that they themselves choose, they won't have to see the ads they view on Web 2.0 social media platforms.

Lens Protocol is a social platform that strives to bring back the genuine community side of a social network. It values the individual, and doesn't harvest their data. With a trusted team behind it, the app is likely to be sticking around for the long run.

Lens Protocol: A Composable & Decentralized Social Network

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Lens Protocol: A Composable & Decentralized Social Network

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