Aave Announces Acquisition of Social Metaverse Developer ‘Sonar’

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  • The Aave Companies is the parent company of many different crypto initiatives.
  • Sonar is an iOS gaming app that lets users create and explore virtual spaces.

Software development business Aave Companies today announced the purchase of Sonar. It is a San Francisco-based metaverse developer. Where users may construct worlds and interact with user-created areas utilizing non-fungible tokens (NFTs).

The Aave Companies is the parent company of many different cryptocurrency initiatives. Such as the Aave lending and borrowing protocol, the Lens Protocol social network, and the GHO stablecoin.

Social-mobile Apps Powered by the Lens Protocol

Several members of Sonar’s team, including co-founders and brothers Ben South Lee and Randolph Lee, will be joining Aave Companies as part of the purchase. They will work on developing social-mobile apps powered by the Lens Protocol, a decentralized social media protocol that is built on the Polygon blockchain and allows users to save their content as NFTs.

Furthermore, launched in the summer of 2020, Sonar is an iOS gaming app developed by Y-Combinator. It lets users create and explore virtual spaces. And participate in activities like playing games, listening to music, and chatting with other users. Through the use of custom “moji” NFTs purchased from the Opensea marketplace.

In Sonar, “mojis are sometimes cute, sometimes weird, but always entertaining collection of playable 3D avatars.” These can communicate with each other through voice and text, share emotions via facial expressions, and build their own worlds out of emojis.

Each Moji has a body, a mouth, eyes, and accessories, and is accompanied by a gem of varying rarity (diamond, ruby, sapphire, emerald, amethyst, and quartz). Ben South Lee stated that the team can “figure out the right combinations that are approachable and familiar to anyone” with the aid of the Lens Protocol after it is integrated into Sonar.

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