June 18 According to DLNews, Avara founder and CEO Stani Kulechov is seeking to raise $50 million from US venture capital to fund the social media platform Lens Protocol, which will value Lens Protocol at $500 million, according to people familiar with the matter
When asked about the token issue of Lens Protocol, Kulechov said that "it has not come to this step yet." The main target for the moment is the upcoming Lens Network, a local network built on the ZKsync technology stack Four weeks ago, rival Farcaster was valued at $150m at $1bn.