What is Mask Network (MASK)?

Deep Dive

1. Purpose & Value Proposition

Mask Network addresses the gap between centralized social media (Web2) and decentralized ecosystems (Web3). It allows users to:
- Send encrypted messages on platforms like X, visible only to recipients with the Mask extension (CoinMarketCap).
- Trade tokens, tip creators in crypto, and display NFTs within social feeds.
- Access decentralized storage and crowdfunding (e.g., Gitcoin grants) without switching apps.

This bridges privacy concerns with Web3 functionality, letting users retain their existing social networks while adopting decentralized tools.

2. Technology & Key Features

The protocol operates through a browser extension that overlays Web3 tools on social platforms:
- Mask ID: A decentralized identity system for cross-platform logins and verifiable credentials.
- SocialFi: Combines social media with financial incentives, rewarding content creation and interactions using $MASK (Dan John).
- DApplets: Mini-applications for DeFi swaps, NFT minting, and DAO voting embedded in social feeds.

3. Tokenomics & Governance

The $MASK token powers:
- Governance: Voting on protocol upgrades and treasury allocations.
- Ecosystem access: Unlocks premium features like advanced privacy tools.
- Staking rewards: Incentivizes network participation.
With a fixed supply of 100 million tokens, all are already in circulation, aligning incentives among holders.

Conclusion

Mask Network reimagines social media by embedding Web3 utilities where users already spend time, prioritizing privacy and ownership. Its success hinges on mainstream adoption of decentralized identity and seamless integration—can it become the default gateway for Web3 social interactions?