Mask Network Makes Strategic Investment in TON

Mask Network, one of the leading decentralized social networks globally, has made a strategic investment in TON as part of its efforts to expand its ecosystem and introduce innovative solutions across networks. Founded in 2017, Mask Network aims to connect decentralized applications from both the Web2 and Web3 eras in a user-friendly manner. The team behind Mask Network has played a significant role in managing active Mastodon servers. Suji Yan, creator, envisions creating a more accessible internet by expanding the reach of decentralized social networks.

TON to Revolutionize the Future by Merging Blockchain

TON is a groundbreaking technology that has the potential to merge blockchains with the Web2 internet. It can form a unified decentralized system. Since 2020, the Telegram has been an open-source initiative with the ambitious goal of onboarding billions of users onto the Web3 platform. TON seeks to transform communities into self-sustaining economies while fulfilling essential social functions.

In December 2022, The Verge reported that Telegram’s Fragment platform, built on the TON blockchain, generated over $50 million in revenue within just one month of selling anonymous phone numbers. This success demonstrates the potential of TON as a powerful blockchain infrastructure.

Trending Now: Victim Falls Prey to Counterfeit Trezor Wallet, Bitcoin Stolen

Mask Network aligns with the ownership economy philosophy and has developed Next.ID, an open-source protocol. It links and verifies individuals’ digital footprints while granting them full control over their identities. Mask’s Web5.bio leverages Next.ID to provide a list of suitable identities when someone searches for a Twitter handle, Ethereum address, and ENS domain.

Mask Network Expands Its Reach: Acquires RARA Social and Pawoo.net

The goals of Mask Network and TON are dependent, aiming to revolutionize the decentralized social network space. As part of its future ecosystem, Mask Network plans to integrate further with TON. It offers Decentralized Identifier (DID) solutions to their combined communities.

Mask Network envisions constructing a Web3 social firm that will cater to the first billion users. With over $100 million in capital, the Mask team has invested in distributed systems, social networks, and media production. Additionally, they recently acquired the team from the popular NFT protocol RARA Social and purchased Pawoo.net, a prominent Mastodon instance. Keep visiting for more updates.