Aave Corporations Acquires Social Metaverse Developer Sonar

 Aave Corporations Acquires Social Metaverse Developer Sonar



Software program improvement firm Aave Corporations in the present day introduced the acquisition of Sonar, a San Francisco-based metaverse developer the place gamers can construct worlds and work together with user-created areas utilizing non-fungible tokens (NFTs).

Aave Corporations is the umbrella entity for numerous crypto initiatives, together with the lending and borrowing protocol Aave, the up-and-coming social platform Lens Protocol, in addition to the stablecoin GHO.

Whereas the phrases of the deal are undisclosed, the acquisition will see Sonar’s co-founders, brothers Ben South Lee and Randolph Lee, in addition to a number of different group members, be a part of Aave Corporations to deal with constructing social-mobile functions powered by the Lens Protocol, a Polygon-based decentralized social media protocol that lets customers retailer their content material as NFTs.

“We love Aave’s strategy to social media via the Lens Protocol. It simply grew to become clear to us that each one the constructing blocks to really rework the way in which we join on-line are proper there on Lens,” Ben South Lee, who’s assuming the function of the Senior Vice President of Product and Design on the Aave Corporations, mentioned in an announcement shared with Decrypt.

Sonar, which was launched as a product of Y-Combinator in the summertime of 2020, is an iOS gaming app that enables customers to create and uncover digital areas and be a part of actions, reminiscent of listening to music, enjoying video games, and interesting with different customers by way of customized “moji” NFTs available on the Opensea market.

Aave’s Lens makes room for ‘mojis’

In keeping with Sonar’s website, “mojis are typically cute, typically bizarre, however at all times entertaining assortment of playable 3D avatars” that may make mates via voice and textual content, emote, and create worlds with emojis.

Mojis are made up of a physique, a mouth, eyes, and equipment and include a gem—diamond, ruby, sapphire, emerald, amethyst, and quartz—that represents the rarity of its mixed components.

Integrating the Lens Protocol into Sonar will assist the group to “determine the suitable mixtures which can be approachable and acquainted to anybody,” added Ben South Lee.

“Ben, Randolph and the Sonar group deliver distinctive creativity and many years of precious cell, engineering, product design and market progress expertise in social in addition to their revolutionary product,” Stani Kulechov, CEO of Aave Corporations, mentioned in an announcement. “We’re thrilled the Sonar group is becoming a member of our Lens group to speed up our social media and cell app technique.”

The Sonar group mentioned it additionally plans to construct different Web3 shopper functions that may be launched as early as subsequent yr.

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