By creating a profile in NFT form, following other users and collecting publications, users can build their social presence. The project, funded by FTX Ventures, aims to give users more control over their profiles and how they monetize them.
Lens Protocol is currently testing an invitation system within its ecosystem. Early entrants have been given the right to invite new users, and if the test results are positive, the invite system will be expanded to allow more community members to invite friends to join. This approach aims to foster community growth and involvement within the social ecology of Lens.
In the past seven days, the bottom price of Lens Protocol Profiles NFT has dropped significantly by more than 60%, possibly due to the recent launch of the test invitation system. Some users may have sold their NFTs out of concern or anticipation of changes within the ecosystem.
Coinbase Wallet, one of the leading self-custodial crypto wallets, is also making strides in improving user interaction. It is launching a direct messaging feature that allows users to communicate with each other through the platform.
Initially, this messaging feature will be available to the Lens protocol community and users can access it through the QR codes of active users. Each inbox is associated with a single wallet address, allowing users with multiple crypto wallet addresses to have multiple inboxes on Coinbase Wallet.
The integration of direct messaging within crypto wallets offers great potential for the crypto ecosystem. It eliminates the need for third-party messaging platforms and streamlines communication between users. This development marks an important step towards improving user experience and convenience within the crypto space.
DISCLAIMER: The information on this website is intended as general market commentary and does not constitute investment advice. We recommend that you do your own research before investing.
