Mask Network’s Whimsical Web3 Wonderland: A Tale of Transformation!

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Oh, gather ’round, dear friends, for a tale of twists and turns in the curious land of Mask Network! 🎩✨ This cheeky little network has decided to shake things up like a snow globe, spinning off three delightful web3 social projects — Next.ID, Web3.Bio, and Firefly — all under its whimsical umbrella! 🌈

On a rather ordinary day, February 21 to be precise, the Mask Network folks announced their grand plan on their Medium blog. They declared it was time for these sprightly projects to frolic freely, innovate like mad hatters, and chase after funding like it was a golden goose! 🦢💰

First up, we have Next.ID, the dashing hero of decentralized identity! This clever little creation gives users the power to decide who gets to play with their data across the vast web. Talk about a data diva! 💃

Then there’s Web3.Bio, the web3 version of LinkedIn, but with a sprinkle of magic! It combines identities from Lens, Farcaster, and ENS, making reputation scoring and identity searches as easy as pie! 🍰 Who knew networking could be so much fun?

And let’s not forget Firefly, the social butterfly of the bunch! It brings together all the cool kids from X, Lens, Farcaster, Gitcoin, and Snapshot into one snazzy user interface. It’s like a party where everyone is invited! 🎉

With this grand reorganization, these projects will be able to polish their tokenomics models and grow their user bases like a garden in springtime. 🌼 MaskDAO believes that letting them run wild and free will help them expand without being tied down by the big ol’ Mask Network structure.

Suji Yan, the mastermind behind Mask Network, likened this bold move to Tencent’s clever strategy of expanding its ecosystem through separate business units. “We’re like a Web3 social conglomerate, just like Tencent, but with more pizzazz!” he exclaimed. 🎊

“We have positioned ourselves as a Web3 social conglomerate similar to Tencent which has successfully expanded their ecosystem through different business units in investment, gaming, and other applications.”

— Suji Yan

Founded in 2017, Mask Network has been the bridge between the old and the new, mixing decentralized messaging, payments, and file storage with the mainstream social media platforms like X. With tens of thousands of users and over $100 million raised, they’ve certainly made quite the splash! 💦

And let’s not forget their love for decentralized social networks like Mastodon! Mask Network has been a generous supporter, keeping some of the largest Mastodon instances afloat and showering the platform’s team with donations. With this latest restructuring, they’re ready to take the web3 social space by storm! 🌪️

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2025-02-21 10:09