Mask Network

Mask Network facilitates the integration of Web3 services into mainstream social media platforms, enhancing user experience through features like encrypted messaging and NFT profile pictures. Mask Network, founded in 2017 and headquartered in Champaign, US, provides a platform that connects traditional social media with Web3 services. The company was established by Suji Yan and Hehe S. In February 2021, Mask Network raised USD 3 million in venture funding from investors including 3Commas Technologies OU, Animoca Brands, and Digital Currency Group, bringing the total amount raised to USD 3 million across two deals.

Mask Network's core product is a browser extension that integrates Web3 services into popular social media platforms, including X (formerly Twitter), Facebook, and Instagram. This extension supports encrypted messaging, decentralized profile management, and the use of NFTs as profile pictures, allowing users to access Web3 functionalities while using familiar platforms. The client base primarily consists of social media users interested in enhanced privacy and decentralized features, especially in regions like North America, Europe, and parts of Asia. Mask Network's revenue model is based on its Web3 services offered through the browser extension.

Users can engage in token swaps, decentralized file storage, and smart contract capabilities, with potential transaction fees or subscription-based access for premium features. Revenue is generated through user transactions on the platform and partnerships with other Web3 projects, providing a complete suite of decentralized tools while prioritizing user security and experience. Following the funding round in February 2021, Mask Network aims to utilize the USD 3 million raised for further expansion and innovation. The company plans to launch new products that enhance user engagement with Web3 technologies and expand into emerging markets, specifically targeting regions with increasing cryptocurrency adoption.

This strategic growth is expected to bolster Mask Network’s position in the evolving digital landscape.