Mask's founder responded to the takeover of Lens: it's Crypto's future to insist on weak financial social products
"Friend Tech had a $20-$30 million income at the time, but they finally sold $1 million to someone else."
The drive to go to the center of socialization seems to have been perjured in most eyes, with no progress on the tens of millions of funded projects a few years ago, even the lead Farcaster said the transition wallet, and the Twitter founder Jack Dorsey's favorite Nostr no longer seeing users, with a growing concentration on the X, Threads platforms。
In this context, Mask Network announced the takeover of Lens Protocol, which is unusual。
Lens is another product of DeFi's top Aave founder Stani, officially indicating 110,000 active users. The take-over, Mask Network, has a huge social field map, has acquired the second largest server, Mastodon, and has become the largest third-party client in the social field。
On this "acquisition", the move Block Beats and Mask founder Suji Yan shared his views on Lens' options and the future of social products。
Q: Can the details of the acquisition be disclosed, since Lens program has been financed before。
Suji Yan:it is not exactly an acquisition, but it is more understandable, but it is complicated. we had a long discussion about the word, and the final choice of "steward" was more like leadership。
Q: So is Stani still on the team
Suji Yan:He'll focus more on Aave's DeFi business, and be a consultant in Lens。
Question: The biggest question for many people is why to take over Lens, because in most people's concepts Lens is almost gone, even the so-called de-centre socialization is almost gone, Farcaster is about to transform, and Vitalik seems to be less useful。
Suji Yan:If from the point of view of failure, I personally think Web3 narratives are failures. In Facebook, for example, everyone knows that they spent a lot of money on AI, but at the time they spent no less money than they did on AI, the stabilization money, Libra, NFT, DID, the wallet, which was actually all done on Facebook, and then everything was cut off and nothing left。
Lens is mainly in contrast to Farcaster, which we've studied in a variety of algorithms, both of which are more than a million users, and Lens's data are better, but it seems to me that it's not only Lens, but also Lens's product data, including a lot of big wallets。
I'm more insistent that social products are weak financial, but strong social, not completely unfinancial, but weak, which is the hope of Crypto to move forward. Mask is also Lens' investor, and Stany and I are familiar with what he is. Lens didn't have any secrets with any big platform, so I chose Lens。
This track was a lot of money, and it made money. Farcaster also sold the old stock. I don't think it's in the right hands。
Q: What exactly should Lens do after
Suji Yan:Few more social products are still being made, one hand counts, and less light finance is in it. Base is doing Creator Coin, for example, which is completely wrong. A long time ago, the Rally, Whale, the tweets turned into NFTs, they all failed. So these products have already told us that we must not go any further and sift out what might be right, and we are not sure what is right, but what is wrong now。
On the product, first we're open. I took the example of Twitter, which was 140 words before, and then 280 because of the support for Japanese. Why do you support Japanese because, with the exception of the United States, the largest Twitter user area is Japan? We will do the same, open-ended, for example, by supporting multi-chain, multilingual and prognostic markets。
Next, we can't leave the roots of Web2, we're not from the original Web3 generation, and now 10 years later, most of the data from the previous generation was on Web2 and not even online, and their data are on the telephone, radio, Twitter, Twitter, and whatsapp. So it's impossible for you to let these people go directly to Web3 so we'll do Web2 data mapping. This has, in fact, passed over for some time, not necessarily directly to authorize, but to understand and integrate。
And finally, I think we're a team that can make good products, and we're not gonna be like companies that get too much money but still can't。
Q: What do you think of Twitter's recent series of reforms on the platform? It doesn't seem to be a light financial direction。
Suji Yan:I don't know Nikita Bier, and I now understand that his tactics have been successful, but the strategy has failed. The smart labels are powerful, but the strategic question is, for example, whose wallet you're using, the Twitter application, the money transferr license in over 50 states, how do we solve it? Personally, I don't understand his thinking in the direction。
Q: Has Lens been expecting any money
Suji Yan:There is no clear expectation of issuing currency. And I don't want users to interact to brush, not to encourage furry, and we encourage real socialization。
