Mask Network aims to bridge Web 2.0 and Web 3.0 making it possible for users on Twitter and Facebook to use Web 3.0 features. Some features include payment & tipping, trading on a decentralized exchange, decentralized file storage or buying and selling NFTs - all without leaving the social network site.
Mask Network has partnered with leading projects (such as CoinMarketCap, Uniswap, Arweave and more). The project is chain agnostic, and supports, amongst others, Binance Smart Chain, Ethereum and Polygon.
MASK is the native utility token of the platform and is used in the following functions:
Protocol Incentivization: Active users of the Mask Network functionalities will be rewarded with MASK tokens.
Planned use cases to be released include:
DApplet Development on Mask Network: DApplet development (DApp running within Web 2.0) on Mask Network will require a MASK token stake.
Premium Functionalities: Users will also require MASK tokens to use premium functionalities in Mask Network, such as cross-chain smart wallets (in Mask 2.0) and social profiles.
Mask Network consists of the following major components:
On-chain smart contracts: Red Packets, ITOs and other on-chain modules are provided by the Mask core team or the DApplet developer ecosystem. These smart contracts will be deployed on multiple EVM compatible chains such as BSC and Ethereum.
Multiple storage/ dCDN layers: Integration of multiple decentralized storage blockchains, such as Arweave, and integration of decentralized CDN for speeding up content fetching.
DApplet (Plugin) layer: DApplet layer contains the DApplet / Plugin store for registered DApplets such as Snapshot voting, Gitcoin donation and more.
Web 3.0 integration on Web 2.0: Mask Network uses SES (Secure ECMAScript), ShadowDOM and various related technologies to ensure the integration of Web3.0. The team is working within the standard committee of these standards to push the development of Web 3.0 technologies. Through these integrations, DApplets can be injected into platforms such as Twitter.
The project has raised around 49.2MM USD from the following token sales:
Four rounds of private token sales and one angel round, where 28.45% of the total token supply has been sold to raise 7MM USD in aggregate.