Mask Network is a technology company.
Mask Network has raised $2.0M across 1 funding round.
Mask Network has raised $2.0M in total across 1 funding round.
Mask Network is a Web3 portal and browser extension that bridges Web2 social media platforms like X (formerly Twitter), Facebook, Instagram, Minds, and Mirror with Web3 functionalities, enabling users to access encrypted messaging, decentralized payments, NFTs, file storage, and dApps without leaving their favorite apps.[1][2][4][5] It serves everyday social media users seeking privacy and Web3 features, solving the problem of siloed experiences by injecting decentralized tools—such as multi-chain wallets, DApplets (decentralized applets), and governance via the MASK token—directly into centralized platforms.[1][3][5] Growth momentum includes a 2.0 upgrade with multi-chain Mask wallet, MaskID for identity aggregation, and D.Market dApp store; partnerships with Uniswap, Arweave, and Nym; and a token trading at around $0.70 with $70M market cap as of late 2025, down from a $41 ATH in 2021 but with recent volume up 12.78%.[2][3]
Launched in 2019 as Maskbook, an Ethereum-based peer-to-peer encrypted messaging app for social networks, Mask Network evolved into a full Web3 bridge under CEO Suji Yan, emphasizing human-centric middleware for Web2-to-Web3 transitions.[2][4] The idea emerged from the need for privacy on platforms like Twitter and Facebook, initially focusing on end-to-end encryption and crypto tipping, then expanding to DApps and NFTs amid the 2020-2021 DeFi boom.[1][2] Pivotal moments include the February 2021 token launch, 2.0 iteration with wallet and identity tools, and collaborations like Nym for metadata-obscured messaging in 2023, raising $57.7M total and achieving chain-agnostic support for Ethereum, BSC, Polygon, and 15+ EVM chains.[1][3][5]
Mask Network rides the decentralized social media trend, capitalizing on growing demands for user-owned data, censorship resistance, and privacy amid Big Tech scrutiny and regulations like GDPR.[2][4] Timing aligns with Web3 adoption post-2021 bull market and X's 2023 rebrand/openness to crypto, enabling mass onboarding via familiar interfaces rather than requiring new apps.[1][5] Market forces favoring it include rising NFT/DeFi interest, multi-chain interoperability, and middleware demand (comparable to Chainlink/The Graph), while its influence expands the ecosystem through DApplets, subDAOs, and integrations that pull billions of Web2 users toward Web3 without friction.[1][2]
Mask Network is poised to deepen Web2-Web3 convergence with expanded platform support (e.g., more social apps), advanced wallet swaps, and dApp gateways, potentially capturing value as decentralized identities like MaskID become standard.[3][5] Trends like AI-driven privacy tools, regulatory pushes for data sovereignty, and socialfi growth will shape its path, evolving its role from bridge to essential infrastructure—especially if MASK rebounds from 2025 lows via governance incentives and partnerships.[1][2][3] As the portal blurring Web2-Web3 boundaries, it positions users to own their digital lives, fulfilling its founding vision of an open internet.
Mask Network has raised $2.0M in total across 1 funding round.
Mask Network's investors include Divergence Ventures, Hack VC, Tomahawk.VC, Alex Pack.
Mask Network has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Venture Round in November 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2020 | $2.0M Venture Round | Divergence Ventures, Hack VC, Tomahawk.VC, Alex Pack |