S.F. Web3 app Sonar acquired for undisclosed sum

Canada News News

S.F. Web3 app Sonar acquired for undisclosed sum
Canada Latest News,Canada Headlines
  • 📰 SFBusinessTimes
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 68%

The app is certainly one of the more unique social media experiences out there, where users can create music together as little emojis.

Sonar, a local Y-Combinator startup, managed to build a unique social media experience, where users could buy emojis as NFTs and interact with others in a virtual grid, creating music together or playing games.

Now the San Francisco-based Web3 startup is being acquired by the social media wing of London crypto company Aave for an undisclosed amount. Aave's Lens Protocol offers decentralized identities for users that are stored on the blockchain so they can control access to their own data. Other social media apps can build on top of the Lens Protocol and use one identity across different applications.

Lens will integrate Sonar into its ecosystem following the acquisition, and Sonar users will have 14 days to create a new account identity on Lens.was bored the other day and decided to commission a

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SFBusinessTimes /  🏆 78. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Aave acquires web3 social gaming app Sonar to expand Lens ProtocolAave acquires web3 social gaming app Sonar to expand Lens ProtocolAave acquired web3 social mobile gaming app Sonar to integrate decentralized identities via Lens Protocol, targeting a launch in 2023.
Read more »

Web3 Crypto Onboarding Platform Transak Integrates With Coinbase Wallet – Wallets Bitcoin NewsWeb3 Crypto Onboarding Platform Transak Integrates With Coinbase Wallet – Wallets Bitcoin NewsThe Coinbase wallet integration 'eases [the] onboarding' of users in Southeast Asian countries like Thailand and the Philippines. coinbasewallet web3 transak
Read more »

How fashion brands are breaking into web3 | Anushree at MarketWatchHow fashion brands are breaking into web3 | Anushree at MarketWatchGucci, Nike, D&G, Tiffany's and so many other brands have been experimenting with nonfungible tokens, gaming, and augmented reality. This week, Anushree goes through a few of these and explains how they work.
Read more »

Investors cool on 'anti-sexy' esportsInvestors cool on 'anti-sexy' esportsOver-hyped valuations + venture capital firms more excited by web3.
Read more »

Ryan Watt - From Working for YouTube to Working in the Web3 Space | HackerNoonRyan Watt - From Working for YouTube to Working in the Web3 Space | HackerNoonOne year ago, Polygon hired the former head of gaming at YouTube, Ryan Wyatt, as the CEO of Polygon Studios. - web3 web3gaming
Read more »



Render Time: 2025-02-27 01:16:59