Re-examining the Emerging Forces in the Web3 Social Domain

In the Web3 space, there is a project that, although born in 2021, has products and development momentum that feel like a brand new project. Let's take a fresh look at this browser extension called MASK.

MASK supports multiple mainstream browsers and can be used on social media pages after installation. Surprisingly, MASK has developed into a feature-rich product ecosystem.

Social Media Enhancement Features

News Aggregation

MASK has added an information section to the top right corner of the social media page, allowing users to browse news, events, and NFT-related content simultaneously, providing a convenient information retrieval experience.

Web3 business card

Many projects have a small MASK icon next to their social media avatars. When you hover over it, detailed information about the project will be displayed, including market cap, circulating supply, official website, community links, price, and exchange data. This allows users to view relevant market information while browsing project news, and they can even connect their wallets to trade.

For some mainstream cryptocurrencies, MASK also supports direct purchases with fiat currency, accepting various payment methods.

Individual users can also showcase their Web3 footprint and receive tips through MASK, enhancing social interaction.

Privacy Protection

MASK allows users to send encrypted messages, with options for public visibility, self-only visibility, or visibility to designated contacts, protecting user privacy.

Red Packet Function

Similar to traditional social software, MASK supports sending red envelopes using various tokens or NFTs, with options for random amounts or equal distribution.

Wallet and Other Applications

multifunctional wallet

MASK comes with a powerful built-in wallet that supports importing multiple mnemonic phrases, allowing users to view balances and NFT assets across multiple networks simultaneously.

Cross-platform support

In addition to the major social platforms, MASK also supports connecting other social network accounts.

Utility Toolkit

MASK provides a range of practical Web3 tools, including cross-chain bridges, authorization management, contract security checks, DEX trading, fiat deposits, savings, and other features, as well as innovative applications such as Web3 file services and blind boxes.

Project Development Status

code contribution

The main code repository of MASK shows that 78 contributors have submitted a total of 11,030 code commits. Since the token's launch, the team and community have remained active, particularly in 2023 when code submissions peaked, demonstrating the project's ongoing development momentum.

Financing Status

According to data platform statistics, MASK Network has raised a total of $10 million, with investors including several well-known institutions and projects. It is noteworthy that the project still secured additional funding during the market downturn, which provides strong support for its ecosystem development and market expansion.

token release

Currently, the circulating supply of MASK tokens has exceeded 96% of the total supply, and the remaining available amount for release is relatively small, which reduces the risk of future selling pressure to some extent.

Summary

MASK, as an important project in the Web3 social field, has achieved multiple practical Web3 functions through deep integration with mainstream social platforms. The project has continued to advance product iterations during the bear market, received additional financing support, and most of the tokens have entered circulation, all of which together constitute MASK's unique advantages.

As the Web3 field continues to develop, "quasi-new" projects like MASK, which combine the vitality of new projects with the stability of mature ones, may have greater development space and potential in the future market.