Aave has formally refocused its strategy on decentralized finance (DeFi) by transferring stewardship of the Lens Protocol to Mask Network, marking a strategic realignment rather than a full exit from social infrastructure. The move places Mask Network in charge of consumer-facing development, while Aave steps back into a technical advisory role centered on protocol infrastructure.

The transition clarifies operational responsibilities without changing the core nature of Lens. According to statements from the teams involved, Lens remains open-source, permissionless, and infrastructure-first, with no transfer of ownership, governance rights, intellectual property, or treasury assets.

KulechovĀ saidĀ in an X post;

Under the new structure, Mask Network assumes responsibility for execution at the application layer, including product strategy, user experience, and daily operations for Lens-based social apps. This includes guiding the roadmap for consumer products such as Orb and improving how Lens-powered applications reach and retain users.

Aave, meanwhile, will provide protocol-level guidance, offering input on technical decisions while no longer leading front-end or product development. This narrows Aave’s involvement to what it does best: building and maintaining DeFi-grade infrastructure.

Buterin alsoĀ commentedĀ on decentralized social platforms;

From its launch, Lens was designed as shared social infrastructure, enabling users to own profiles, connections, and content directly onchain. The protocol’s architecture—covering profiles, follows, social graphs, and smart contracts—will continue operating as a neutral base layer that any application can build upon.

The stewardship change also drew attention from Ethereum co-founder Vitalik Buterin, who emphasized that shared data layers enable meaningful competition and healthier online discourse. He highlighted that decentralized social tools allow anyone to build clients on top of the same network, reinforcing Lens’ long-term relevance in the evolving Web3 ecosystem.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

logo

blockto.io

info@blockto.io

Blockto.io Copyright Ā© 2025, All rights reserved

News
Rates
Buy
More
We use cookies to personalize content and ads, provide social media features, and analyze our traffic. In accordance with GDPR/AVG and EU cookie regulations, data is processed only with your consent. We may share information about your use of our website with our social media, advertising, and analytics partners, and you can manage or withdraw your consent at any time. View more
Cookies settings
Accept
Privacy & Cookie policy
Privacy & Cookies policy
Cookie name Active

Privacy Policy

At BitxJournal.com, we respect your privacy and are committed to protecting your personal data. This Privacy Policy explains how we collect, process, store, and protect personal information in accordance with the General Data Protection Regulation (GDPR) and AVG (EU privacy legislation).

1. Data Controller

BitxJournal.com acts as the data controller for all personal data processed through this website.

2. Personal Data We Collect

We may collect and process the following categories of data:

Personal Data

  • Name and email address (when you subscribe to newsletters or contact us)

Technical & Usage Data

  • IP address, browser type, operating system

  • Device information

  • Pages visited, referral sources, and interaction data

This data is collected via cookies, log files, and analytics technologies.

3. Legal Basis for Processing

We process personal data only when a lawful basis exists, including:

  • Consent – when you explicitly agree (e.g., cookies, newsletter sign-up)

  • Legitimate interest – to operate, secure, and improve our website

  • Legal obligation – when required by applicable laws

You may withdraw your consent at any time.

4. Purpose of Data Processing

Your data is processed for the following purposes:

  • Operating and maintaining the website

  • Improving content, usability, and performance

  • Sending newsletters or updates (only with consent)

  • Analyzing traffic and user behavior

  • Responding to inquiries or support requests

5. Cookies & Consent Management

We use cookies and similar technologies in compliance with EU Cookie Law.

  • Non-essential cookies are placed only after explicit user consent

  • Users may accept, reject, or manage cookie preferences at any time

  • Consent can be withdrawn without affecting prior lawful processing

Detailed cookie information is available in our Cookie Settings panel.

6. Third-Party Data Processing

We may share limited data with trusted third-party service providers, including:

  • Analytics providers (e.g., Google Analytics)

  • Advertising partners (for personalized or non-personalized ads)

These third parties act as data processors and process data only under contractual obligations compliant with GDPR/AVG.

7. International Data Transfers

Where data is transferred outside the European Economic Area (EEA), we ensure appropriate safeguards are in place, such as Standard Contractual Clauses (SCCs) or equivalent legal mechanisms.

8. Data Retention

We retain personal data only for as long as necessary to fulfill the purposes outlined in this policy or as required by law.

9. Data Security

We implement appropriate technical and organizational security measures to protect personal data against unauthorized access, alteration, disclosure, or destruction.

10. Your GDPR Rights

Under GDPR/AVG, you have the right to:

  • Access your personal data

  • Rectify inaccurate or incomplete data

  • Request data erasure (ā€œright to be forgottenā€)

  • Restrict or object to processing

  • Data portability

  • Withdraw consent at any time

  • Lodge a complaint with a supervisory authority

11. Changes to This Privacy Policy

We reserve the right to update this Privacy Policy at any time. Any changes will be posted on this page with a revised effective date.

12. Contact Information

For privacy-related inquiries or GDPR requests, contact:

šŸ“§ Email: support@blockto.io
🌐 Website: https://blockto.io

Save settings
Cookies settings