EXCLUSIVE: Aave's Stani Kulechov Seeks $50 Million for Lens Protocol at $500 Million Valuation

Stani Kulechov, the founder and CEO of Aave, is seeking to raise $50 million for Lens Protocol, which would bring its valuation to $500 million. The primary objective of this fundraising effort is to support the development of the upcoming Lens Network, a local network built on the ZKsync technology stack. This move comes in the wake of a significant capital raise by Farcaster, another player in the decentralized social networking space. Kulechov is shopping Lens Protocol around to VCs.