Timothy Morano
February 21, 2025 14:59
MASK Network presents a serious restructuring that emits FireFly and Next.id in MaskDao to improve the growth of the decentralized social network.
Mask Network, a prominent player in the distributed social protocol space, has announced a pivotal restructuring of the ecosystem Maskdao. This strategic development, released on February 21, 2025, includes the injection of three major Web3 social projects: Next.id, Web3.bio and Firefly. The project is now operated under the maskdao umbrella to expand the team, innovate the product, and explore a new tokenomics model for fundraising.
Strategic rearrangement and growth
SUJI YAN, founder of Mask Network and Maskdao, said that it consists of achieving an open Internet through the growth of the decentralized social network ecosystem, emphasizing the importance of this movement. YAN compared the strategy to Tencent’s strategy, and this strategy compared the strategy of TENCENT, which successfully diversified its operation in various sectors. This restructuring aims to make the most of the potential of each project to reach a wider user base.
Background and vision
Founded in 2017, the Mask Network played an important role in closing the gap between Web2 and Web3 Distributors. By 2019, Mask Extension has secured tens of thousands of users by supporting Twitter users through safe and distributed social messaging and file sharing. The MASK Network has been raising more than $ 100 million through venture ARMs to further strengthen its efforts to improve the distributed social network.
Project details
Next .id: NEXT.ID, released in 2021, is a distributed ID protocol that improves data ownership and mobility by connecting user profiles of Web2 and Web3. It offers a comprehensive Identity database for developers to create innovative distributed applications.
web3.bio: Web3.BIO, developed in 2023, functions as ‘Web3 LinkedIn’ and provides comprehensive user profiles by integrating ID protocols such as ENS and FARCASTER. It is characterized by interactive identity graph and Web3 activity feed and simplifies identity navigation.
Firefly: Firefly, a comprehensive tool for Web3 Aboriginal people, integrates social networks and distributed applications into a single interface. It maintains the entire function by expanding into a distributed space proven by the guarantee of a person like Vitalik Buterin.
Future prospect
As the decentralized social network continues to appear, the mask network is doing its best to continue building the Internet. The team actively supports the leading distributed social network, MASTODON, and operates major cases such as Mstdn.jp and Mastodon.cloud. Under the Maskdao, these projects are a strategic stage for strengthening independent operation and promoting innovation in each area.
For more information, visit the MASK Network Medium Post.
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