Mask Network’s Bold Move: Three Projects Unleashed in the Web3 Wild!

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Ah, Mask Network! The digital equivalent of a magician pulling rabbits out of hats, except these rabbits are actually three shiny new Web3 projects: Next.ID, Web3.Bio, and Firefly. In a move that can only be described as a corporate version of a family reunion, these projects have spun off into their own independent entities while still being managed by the ever-watchful MaskDAO. It’s like sending your kids off to college but still keeping their laundry basket in your basement.

Now, you might be wondering what this means for the future of the internet. Well, it means that each project can now expand its team, develop new ideas, and explore fundraising options—because who doesn’t love a good bake sale? Mask Network, in cahoots with its partner Bonfire Union (which sounds like a cozy place to roast marshmallows), will continue to support the Web3 community, technology, and digital content. Accessibility is the name of the game, folks!

Expanding Web3 Identities and Social Networks

First up, we have Next.ID, a tool that’s like a Swiss Army knife for developers. It provides a reliable identity framework for building decentralized applications. Think of it as the bouncer at a club, making sure only the right people get in while giving users more control over their data. Because who doesn’t want to be the bouncer of their own digital life?

Then there’s Web3.Bio, which launched in 2023 and is essentially the “Web3 LinkedIn.” It connects various identity systems like ENS, Farcaster, and Lens to create detailed user profiles. With its Profile API and user-friendly search tools, it’s like having a personal assistant who knows all your digital secrets. Just don’t ask it to fetch coffee.

And let’s not forget Firefly, the all-in-one platform for Web3 users. It’s like the Swiss Army knife of social media, bringing together platforms such as X, Lens, and Farcaster, along with Mirror, Gitcoin, Snapshot, and NFT feeds into one tidy interface. Firefly retains full X functionality while playing nice with decentralized networks. It’s the social media equivalent of a potluck dinner where everyone brings their best dish.

With this spinoff, these three projects are now free to frolic independently in their own focus areas. It’s a digital emancipation, if you will!

Mask Network’s Vision for a More Open Digital Space

Founded in 2017, Mask Network has been on a mission to connect the dots between Web2 and Web3 decentralized applications. Suji Yan, the mastermind behind Mask Network and MaskDAO, has grand visions of creating a more open digital space. He likens their approach to Tencent, which has grown its ecosystem through a delightful mix of investments, gaming, and other digital services. Because if you can’t beat them, might as well join them, right?

“We are one step closer to achieving a new and open internet through building and growing the decentralized social network ecosystem,” he declared, sounding like a tech prophet. “We have positioned ourselves as a Web3 social conglomerate similar to Tencent.” So, basically, they’re aiming to be the cool kids on the block.

Mask Network has attracted tens of thousands of users and secured over $100 million in funding through its venture arm, Bonfire Union. That’s right, folks—$100 million! They’re not just playing in the kiddie pool; they’re diving into the deep end of decentralized social networks. The team proudly stated:

“To help build the next phase of decentralized social networks, Mask has obtained tens of thousands of users and has raised over US$100 million from private and institutional backers via its venture arm, Bonfire Union.”

Since December 2022, Mask Network has been managing Pawoo.net, one of the largest Mastodon instances. They believe that expanding decentralized social networks is essential to building a more open internet. And who could argue with that? After all, the more, the merrier—especially when it comes to the wild world of Web3!

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2025-02-21 16:51