Decentralized finance giant Aave will launch an alternative to Twitter using Ethereum this year, the protocol’s founder told Decrypt.
Stani Kulechov, founder and CEO of DeFi lending protocol Aave, said that users will be able to monetize the content they post and govern the rules of the network.
“We believe that content creators should own their audiences in a permissionless fashion, where anyone can build new user experiences by using the same on-chain social graph and data,” he said.
Social media is entirely different from Aave’s main product, which lets users lend or borrow cryptocurrency via smart contracts—automatic computer code.
Aave is the largest DeFi protocol in terms of the amount of money running through its system—which currently stands at $10.92 billion, according to DeFi Pulse data.
Kulechov announced Aave’s social media project on Saturday. “Since Jack is going to build Aave on Bitcoin, Aave should build Twitter on Ethereum,” he tweeted.
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Źródło: https://decrypt.co/76278/defi-project-aave-to-release-ethereum-based-twitter-alternative-this-year
