Mask Network (MASK)

Mask Network provides a simple interface for using various Web3 apps, allowing users to swap assets using Uniswap and SushiSwap—all without leaving Twitter.

Basics

• Based in: Shanghai (17-11-2020)
• Started in / Announced on: 2018
• Mainnet release:
• Twitter privacy tool
• From Decrypt (27-2-2021):

"Mask Network, a browser extension that creates an easy-to-use bridge between Web 3 technologies and Twitter and Facebook"

Audits & Exploits

• Bug bounty program can be found [insert here].

Token

Launch

• From Decrypt (27-2-2021):

"Allowed users to send encrypted messages and trade tokens directly on social media, launched what it drolly called an Initial Twitter Offering. The “ITO,” which rolled out in three rounds to accommodate investors from all timezones, sold 3% of the $MASK coins it holds in reserve. According to Suji Yan, founder of Mask Network, the ITO sold out, raising nearly $3 million."

Utility

• Governance token (17-11-2020).

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on: Ethereum, Binance Smart Chain, and Polygon (28-10-2022)

Their Other Projects

• It also enables users to display non-fungible tokens (NFTs) on their social media profiles and make bids on marketplaces such as OpenSea or Rarible.

Roadmap

• Can be found [Insert link here].

Usage

• From CoinDesk (17-11-2020):

"The protocol currently has over 800,000 downloads across its product suite but only 30,000 active users."

Projects that use or built on it

• From CoinDesk (17-11-2020):

"Mask Network currently partners with companies such as Arweave to send encrypted files and MakerDAO for users to send DAI via Twitter “red envelopes,” which founder Ethereum founder Vitalik Buterin took advantage of this Chinese New Year."

Pros and Cons

Cons

• Had investment from bankrupt Alameda Research/FTX. This could mean fall-out risk. Turned out (8-12-2022) to have sold $50k worth of tokens to Alameda.

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].
• Suji Yan; founder

Funding

• AltLayer; part of the second round in 2 months of $14.4M (19-2-2024).
• INTMAX; part of their $5M seed round (13-3-2023).
• Made a 'strategic investment' in TON (17-5-2023)
• Mask Network has received investment from Binance (1-4-2021);

"This strategic investment is part of Binance’s $100 million accelerator fund for developers to build blockchain projects on Binance Smart Chain and Mask Network will work closely to build the Multi-Chain Universe."

• From CoinDesk (17-11-2020):

"Announced a $2 million funding round Tuesday co-led by HashKey and Hash Global. Other participants included Alameda Research, Sino Global and personal investors including Balaji Srinivasan, who touted the network back in September."

Partners

• Partnered with NEAR to integrate more NEAR DApps (16-3-2021).

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