Mask Network Acquires Trendy DID Extension Nametag, Expanding Its Decentralized Social Ecosystem
Mask Network (Mask), a leading decentralized social protocol, has announced the acquisition of Nametag, a pioneering decentralized identity (DID) and gaming extension. This strategic move strengthens Mask’s expanding ecosystem, positioning it at the forefront of Web3 digital identity and social interaction.
Founded in 2017, Mask Network aims to build a user-friendly bridge between Web 2.0 and Web 3.0 decentralized apps. Over the years, it has grown into a Web3 social conglomerate, investing in and developing decentralized social apps, developer tools, protocols, and creative content, all with the goal of empowering people to join the Web3 world. The acquisition of Nametag aligns with Mask’s vision of empowering users to take control of their data and identity online.
“Integrating Nametag into Mask’s ecosystem marks a key milestone in our pursuit to deliver comprehensive decentralized identity solutions,” said Suji Yan, Founder of Mask Network. “Nametag’s unique approach to DID and its vibrant user base will empower us to push the boundaries of identity management in Web3, creating a seamless experience for our users as we continue our Layer 2 migration.”
Nametag, a cutting-edge decentralized identity extension, has made significant strides in the DID sector. The platform allows users to create and manage personalized tags across social platforms, adding a gamified element to identity management. With over 100K accounts integrated across major platforms such as Google, Twitter, and Discord, Nametag has built a loyal user base that benefits from its innovative decentralized identity solution. Its popular Chrome extension, along with product lines like “Tagify” and “Nametag Genesis,” has set it apart in the Web3 space by offering users flexibility, control, and security.
By integrating Nametag into its ecosystem, Mask Network aims to enhance its decentralized identity product, Next.ID, offering users more sophisticated control over their digital identities. Furthermore, Nametag’s technology will help accelerate Mask’s technical migration towards Layer 2 solutions, improving scalability and reducing transaction costs. In the broader context of decentralized identity, this acquisition represents a pivotal moment for Mask Network, as DID technology gains increasing adoption across Web3 projects, particularly in gaming, NFTs, and digital identity.
With this acquisition, Mask Network continues to solidify its position as a leader in the evolving Web3 landscape, offering powerful, scalable solutions for digital identity, interaction, and data sovereignty. The integration of Nametag’s promising technology paves the way for exciting developments within the Mask ecosystem, further establishing its influence across the decentralized social landscape.
About Mask Network
Mask Network is a leader in the vibrant decentralized social network ecosystem. In 2019, Mask extension started supporting Twitter users with secure, decentralized social messaging, payment networks, file storage and sharing upon the current mainstream social media networks. With its venture arm, Mask strategically invests in decentralized social networks, infrastructure, and creative contents with the goal of making Web3 more accessible to all. Learn more at Mask.io.
About Nametag
Nametag is an innovative decentralized identity (DID) and gamified identity extension that empowers users to create personalized tags and manage their digital identities across major platforms like Twitter, Google, and Discord. With an easy-to-use Chrome extension and seamless integration with Web3 technologies, Nametag offers a secure, flexible, and engaging way for users to interact and express themselves online. Learn more at https://nametag.org/.
