Reunderstanding MASK NETWORK: A Promising WEB3 Social Project

Although MASK issued its token in 2021, its product system and functional design demonstrate the vitality and innovation of a new project. As a plugin that supports multiple mainstream browsers, MASK offers a wealth of WEB3 features on social media platforms.

Main Features Highlights

Social Media Enhancement

1. Information Aggregation: Directly display news, events, and NFT information on the social platform interface.

2. WEB3 Business Card: Provides detailed on-chain information display for projects and individuals, including key data such as market capitalization and circulation.

3. Encrypted Posts: Support sending encrypted content with different visibility settings.

4. Digital Red Packet: Allows the use of various tokens or NFTs to send red packets.

multifunctional wallet

• Support importing multiple mnemonic phrases
• Display asset balances across multiple networks simultaneously
• Integrated NFT display feature

Expand Applications

• Cross-chain tools: Provide cross-chain bridges, authorization management, and other functions
• Financial services: including DEX trading, fiat deposit, and savings options.
• Other useful tools: such as Web3 file services, etc.

Project Development Status

1. Active code contribution: The main code repository continues to maintain high-frequency updates, especially reaching a new peak in 2023.

2. Financing Support: A total of approximately $10 million in funding has been raised, with investors including several well-known institutions. Additional investments were secured during the bear market, demonstrating the continued confidence of investors.

3. Token Distribution: The current circulation has reached over 96% of the total amount, indicating less pressure for future release.

Development Prospects

MASK Network is one of the important projects in the WEB3 social field, with the following advantages:

1. The product system is complete, and the functions are continuously iterated.
2. The development team is proactive, and code updates are frequent.
3. Obtaining continuous financing support helps to expand the market.
4. Token circulation is sufficient, reducing future selling pressure.

In summary, MASK Network exhibits the characteristics of a "quasi-new project"—combining the stability of a mature project with the innovative vitality of a new one. This unique positioning gives it significant development potential and market space in the WEB3 social track.