The Mask Network has made a major reorganization of its Maskadao ecosystem, spinning three web3 social projects – Next.ID, Web3.Bio, and Jugnu – under its umbrella.
The latest ecosystem update, which was Announced On 21 February on its medium blog, each of the three projects has to provide to grow, innovate and give safe money to each of the three projects.
next.
Web3.Bio serves as a web3-native linkedIn, combining the identity from the lens, farcaster, and ensures to ensure the reputation scoring and identity search in the decentralized location.
On the other hand, the web 3 natives together combine the web 3 native by combining platforms such as firefly, X, lens, farkaster, guitcin, and snapshots.
Reorganization will enable projects to improve their tokenomics models and increase their user bases. According to Maskadao, working autonomously will allow them to expand without limiting the large structure of the mask network.
Suji Yan, the founder of the Mask Network, described the decision as an important step towards creating more open internet. He compared a change in the TENCENT’s approach to expand his ecosystem through separate business units in investment, gaming and applications.
“We have deployed ourselves as a web3 social group similar to Tencent, which successfully expanded its ecosystem through various business units in investment, gaming and other applications.”
Suji Yan
Established in 2017, Mask Network has deployed itself as a bridge between Web2 and Web3, integrating decentralized messages, payments and file storage, with a project with social media platforms of mainstream, a project to three thousands of users like X. Has attracted and raised over $ 100 million. Its venture arm, Bonfire Union support.
The Mask Network has also been a strong backer of decentralized social networks such as Mastodon. It has maintained some of the largest mastodon examples and supported the stage team with donations. With the latest reorganization, the Mask Network aims to strengthen its position in the web 3 social space.
