Rise with the tide: Mask Network offers staking to further engage decentralized social network communities

The pioneer decentralized social network ecosystem, Mask Network, is about to offer staking programs to give back to the community and $MASK token holders.

The bold move shows our commitment to the development of decentralized technology and social media solutions, as well as our belief in supporting the community, partners, and projects within the ecosystem.

We invite wide community participation and welcome user integrations into the growing Mask Network ecosystem. Through the staking of $MASK tokens, participants will have the opportunity to receive additional tokens from core partners and fast-growing projects under our ecosystem as an incentive.

The design of this staking and reward mechanism will roll out accordingly. By offering additional token rewards, we would like to create abundant opportunities for people to explore blockchain services and applications. The Mask Network team is dedicated to building the supportive and collaborative ecosystem, paving the way for the future of decentralized social networks.

Founded in 2017, Mask Network aims to build a user-friendly bridge from Web 2.0 to Web 3.0 decentralized apps. It has grown into a Web3 social conglomerate investing and building decentralized social apps, developer tools, protocols, and creative content for a world of people joining Web3.

This January, Mask Network launched the 2nd fund of its venture arm, the Bonfire Union, marking a total of US$100 million for two funds since its establishment in 2022 to strategically invest in decentralized social networks and infrastructure. To date, more than 120 projects have joined the Mask Network ecosystem including some of the fastest growing Web3 projects.