Source: news.google.com
Aave has expanded its Web3 plans following the acquisition of social metaverse company Sonar. DeFi protocols have been expanding their Web3 focus in recent months.
Aave joins other DeFi protocols in expanding its Web3 plans following Sonar acquisition. Aave’s acquisition of Sonar was announced on December 5, with the latter being a company that works in a metaverse and NFTs. Its social mobile metaverse allows players to “build worlds and interact with user-created spaces using NFTs.”
With the acquisition complete, Sonar plans to integrate the Lens Protocol. Several Sonar members will join Aave with the intention of helping develop mobile social applications and other Web3 consumer applications. Sonar co-founders Ben South Lee and Randolph Lee will join Aave as SVP of…
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