Aave Businesses, a software development company, has revealed the acquisition of San Francisco-based Sonar, a developer of a metaverse where players can construct worlds and interact with user-created areas using non-fungible tokens (NFTs).
Aave Companies is the parent company of a number of cryptocurrency projects, such as the lending and borrowing protocol Aave, the social platform Lens Protocol, and the stablecoin GHO.
The terms of the deal are unknown, but Sonar’s co-founders, brothers Ben South Lee and Randolph Lee, and a few other team members will enter Aave Companies to work on building social-mobile apps powered by the Lens Protocol, a Polygon-based decentralized social media protocol that allows customers store their content as NFTs.
“We love Aave’s approach to social media through the Lens Protocol. It just became clear to us that all the building blocks to truly transform the way we connect online are right there on Lens,” Ben South Lee, who is assuming the role of the Senior Vice President of Product and Design at the Aave Companies, said in a statement.
Sonar, an iOS gaming app published in the summer of 2020 as a product of Y-Combinator, enables consumers to create and discover digital spaces and participate in activities including listening to music, playing games, and interacting with other users via custom “moji” NFTs available on the Opensea marketplace. It is recommended to follow Metaverse news to know all the conditions of the Sonar game
Aave’s Lens provides room for ‘mojis’
According to Sonar’s website, “mojis are a sometimes charming, sometimes strange, but always fascinating collection of playable 3D avatars” that can form voice and text-based pals, express emotions, and create emoji-based worlds. Mojis are comprised of a body, a mouth, eyes, and accessories and come with a gem that signifies the combined rarity of its constituent pieces.
Integrating the Lens Protocol into Sonar will help the team to “figure out the right combinations that are approachable and familiar to anyone,” added Ben South Lee.
“Ben, Randolph and the Sonar team bring exceptional creativity and decades of valuable mobile, engineering, product design and market growth experience in social as well as their innovative product,” Stani Kulechov, CEO of Aave Companies, said in a statement. “We are thrilled the Sonar team is joining our Lens team to accelerate our social media and mobile app strategy.”
The Sonar group expects to develop further Web3 user applications for launch as early as next year.
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