Crypto giant Aave Companies has acquired metaverse developer Sonar in an undisclosed takeover, cementing the DeFi and NFT platform’s place in the Web 3 arena.
Aave already boasts several crypto projects after launching in 2017, and the acquisition of Sonar will see the metaverse platform’s co-founders Ben South Lee and Randolph Lee join forces with Aave.
We are thrilled the Sonar team is joining our Lens team to accelerate our social media and mobile app strategy.’
The Sonar Mojis resemble typical emojis and generally come in a colorful design, and are made up of a body, a mouth, eyes, and accessories.
They come alive in Sonar and can make friends with other Mojis through voice and text.
The takeover will give Aave Companies the engineering insight to build more familiar social-mobile applications and allow users to port their NFT-stored content from one platform to another.
Source: NFTNewsToday.com