Mask Network Has Raised $3M from DCG and Other Top Investors
Today, we are pleased to announce the successful completion of the latest $3 million funding round,with participation from Digital Currency Group, Fundamental Labs, Longling Capital, Animoca Brands, and 3Commas. Prominent individual investors are also present, such as Raymond Wang (ele.me’s co-founder), and Qiufan Chen (science fiction writer, columnist, and scriptwriter), Max Webster, Qiao Wang, Imran Khan. The funding would allow Mask Network leverage its role as a pioneer in the industry and lays the groundwork for its further expansion and innovation.
Just 4 months ago, Mask Network finished a $2 million funding round co-led by HashKey and Hash Global.
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The new round of financing was built on an outstanding year for Mask Network, which saw an accelerated execution of an ambitious roadmap including DeFi integration, decentralized storage, fiat-on-ramp, etc. Since its launch in 2017, Mask Network has evolved and developed the product extensively and has grown into a portal to an open and decentralized Internet for billions of existing social media users. The close of funding comes on the heels of another notable development: Mask Network will launch $MASK, the governance token of Mask Network. The unveiling of $MASK will be implemented in our exclusive format: Initial Twitter Offering, with airdrops to our users and supporters.
More details will be released within 1 day.
Introducing the $MASK Token
NOTE：$MASK is not launched yet and not traded anywhere.
“In 2020, we’ve finished the core of Mask Network and has been partnering with more and more great projects (such as MakerDAO, Uniswap, CMC, Loopring, Solana, NEAR Protocol) for a decentralized and open web. We also supported many other web decentralization efforts, such as Mastodon. The fund raised in this round will be used to further grow our developer community and further refine our social + finance approaches to bringing together Web 2.0 and Web 3.0.” said Suji Yan, founder & CEO of Mask Network.
“Mask is taking a unique approach to bringing Web3 applications to some of the largest social networks. We’re excited about its potential to foster greater levels of decentralization, censorship resistance, and monetization methods for its users.” said Matt Beck, Director of Investments at DCG.
With the solid backing of both capital and years of proprietary technology development, we will not fail the expectations of our community. Mask Network will continue to partner with top ecosystem players in DApp integration and introduce more innovative and much-needed features, all to bridge the gap between Web 2.0 and Web 3.0 for netizens.
About Mask Network
Mask Network is the core product of Dimension, which is positioned to become the bridge that connects internet users from Web 2.0 to Web 3.0. The foundational technology of Mask Network is a peer to peer encrypted messaging application, with new functions continuously being created around this foundation. We at Mask Network are strong believers in the ownership economy. People should own what they produce, people should own their data, their attention and the virtual space they choose to contribute to.
Mask Network integrates decentralized social messaging, borderless payment network, and decentralized file storage and sharing to provide a safe and convenient portal for users to jump right into the continent of decentralized finance and then the new world of Web 3.0.