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Cryptocurrency News Articles

Hey Social Media App Revolutionizes Creator Ownership with Web3 Licenses

Mar 22, 2024 at 11:04 pm

Hey, a social media app on the Lens web3 platform, has introduced three creator license codes: commercial use, personal use, and CC0 (no rights reserved). These licenses grant creators control over content ownership, usage, attribution, and revenue sharing. This move signifies a shift towards customizable and ownership-friendly social media, enabling users to shape how their content is used and distributed.

Hey Social Media App Revolutionizes Creator Ownership with Web3 Licenses

Hey Social Media App Embraces Creator Ownership with Web3 Licenses

The social media platform Hey has made a significant move towards empowering content creators by integrating three creator license codes on its platform Lens, which is built on the web3 paradigm. These licenses provide users with granular control over their digital creations, including commercial and personal use rights as well as no-rights-reserved (CC0) options.

The commercial use license enables creators to monetize their content through advertising or other revenue streams. The personal use license restricts usage to non-commercial purposes, such as sharing content with friends and family. The CC0 license, on the other hand, offers the most open permissions, allowing users to freely share and adapt the content without any restrictions on usage or attribution.

"These licenses represent a pivotal step towards a more programmable, interoperable, and ownership-centric social media experience," said Christina Beltramini, Head of Growth and Partnerships at Aave. "They are essential for fostering a future of collaborative content creation and creativity."

Lens, a project from Avara (formerly known as Aave Companies), launched its V2 on the Polygon blockchain network in November 2023. The update introduced on-chain metadata licensing, enabling users to specify usage terms and conditions for their content across the Lens ecosystem. This allows creators to retain ownership and control over their digital assets, ensuring their rights are respected and protected.

Lens operates as a decentralized "social graph," providing users with a permissionless platform where they can connect with others and own their social data. This data can be easily transferred and integrated with external applications, allowing creators to seamlessly move their content, followers, and other social assets across different platforms.

The integration of these creator license codes on Lens marks a significant advancement in the evolution of social media. It empowers creators to establish clear terms for content usage, protect their intellectual property rights, and participate in the emerging web3 economy where ownership and control over digital assets is paramount.

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