Mask Network is a protocol that empowers users to transmit encrypted messages and engage with decentralized applications (DApps) on social media platforms like Twitter and Facebook. It essentially serves as a conduit linking the conventional internet with a decentralized network functioning on top.. Here is some key information about Mask Network:
- Features and Use Cases:
- Encrypted Messaging: Mask Network enables users to send encrypted messages on social media platforms, ensuring privacy and security.
- Decentralized Applets (DApplets): Users can access various DApps, including crypto payments, decentralized finance (DeFi), decentralized storage, e-commerce (digital goods/NFTs), and decentralized organizations (DAOs), all within the existing social media networks.
- Funding Gitcoin Grants: Mask Network allows users to directly fund Gitcoin grant campaigns from Twitter.
- Peer-to-Peer Payments: The protocol plans to offer peer-to-peer payment functionality.
- Decentralized Storage: Mask Network aims to provide decentralized storage solutions.
- Funding and Development:
- Funding Rounds: Mask Network raised $2 million in a funding round in November 2020, co-led by HashKey and Hash Global. It further raised $3 million in a funding round in February 2021 with participation from Digital Currency Group and Fundamental Labs.
- Development Roadmap: The protocol has been continuously expanding its capabilities and aims to provide users with a decentralized portal to access various Web3.0 services.
- Vision and Philosophy:
- Ownership Economy: Mask Network believes in the ownership economy, where individuals have control over their data, attention, and the virtual space they contribute to.
- Regaining Control: The project invites everyone to join them in the mission of regaining control over personal data and contributing to a more decentralized and user-centric internet.
