Software development company Aave Companies announced today the acquisition of Sonar, a San Francisco-based metaverse developer where players can build worlds and interact with user-created spaces using non-fungible tokens (NFTs).
Aave Companies is the umbrella entity for various crypto projects, including lending and borrowing protocol. aavethe up-and-coming social platform Lens Protocol, as well as the GHO stablecoin.
While terms of the deal are not disclosed, the acquisition will see Sonar co-founders brothers Ben South Lee and Randolph Lee, as well as several other team members, join Aave Companies to focus on building social mobile apps. powered by the Lens Protocol. , a Polygon-based decentralized social media protocol that allows users to store their content as NFTs.
