The Mask Network protocol serves as a bridge for Web 2.0 users to access Web 3.0 benefits. With the Mask extension, users can create secure, decentralized, and social personas on platforms like Facebook and Twitter.

In addition to decentralizing communication on social media, Mask Network provides decentralized file storage services powered by Arweave Network. Users can store content permanently in a censorship-resistant infrastructure, leveraging the transparency and immutability of blockchain technology.

Mask Network brings the best of the crypto market and Web 3.0 to leading Web 2.0 platforms. Users can send encrypted messages, access accurate price data of crypto assets, create Web3 profiles, verify NFT avatars on-chain, and more using the Mask extension service.

$MASK is the native crypto asset governing the Mask Network ecosystem. It acts as the governance token for MaskDAO, allowing $MASK holders to vote on key proposals shaping the project's future.

Mask Network is a free, open-source, blockchain-based decentralized web solution developed by Dimension. It offers various services to users:

Send Encrypted Messages on Web 2.0 Social Networks

Users can send encrypted messages exclusively to their target audience on supported social media sites using the Mask extension. Currently, it supports Facebook, Twitter, and Minds.com.

Launch New Crypto Projects Via ITO

Mask Network enables users to launch their crypto projects and digital assets through an initial Twitter offering (ITO). It supports Ethereum, Polygon, BNB Smart Chain, and Aribtrum networks.

Social Trading

Mask Network provides widgets that integrate into social networks, allowing users to view real-time crypto asset prices without switching tabs. This feature is powered by Uniswap, SushiSwap, Oz, and dHEDGE.

Verify NFT Avatars

Users can verify and use their owned NFTs as profile pictures on social media. Mask Network supports easy on-chain verification of NFT images.

Create Web3 Profiles

Mask Network offers a centralized location to manage all Web3 activities. Users can create Web3 profiles and gain oversight of their dApp and decentralized service activities, including NFTs, POAPs, and donation records.

Trade NFTs on Marketplaces

Users can buy and sell NFTs directly from their social media profiles through the Mask extension, powered by OpenSea and other NFT marketplaces.

Decentralized File Storage

Mask Network provides cloud-based file storage using a decentralized network infrastructure powered by Arweave. Users can store files permanently in a censorship-resistant manner.

Users can install Mask Network as a browser extension or mobile app, create Mask IDs, and connect their digital wallets to interact with Web 2.0 websites and integrate them with popular Web3 services.

The Mask Network protocol was founded by Suji Yan in 2019 as Maskbook and later rebranded. The Mask extension was developed to enable social media users to access blockchain-powered decentralized services, including encrypted messaging, cryptocurrency transfers, and dApp interactions.

The protocol launched its governance token MASK in February 2021. MASK token holders have voting rights in the MaskDAO, with each token representing one vote.

Mask Network operates on the Ethereum blockchain. The MASK crypto is an ERC-20 token on Ethereum and a BEP-2 token on the BNB Smart Chain.

The roadmap for 2022 focuses on building a robust ecosystem, driving mass adoption, supporting multi-chain integration, integrating with Instagram, developing social graph functionalities, enhancing decentralized governance, and more.

Mask Network is a project with significant potential for returns if you wish to invest in it. It acts as a bridge between Web2 and Web3, providing a convenient way for users to onboard. By entering the decentralized world while maintaining its presence on leading social networks, it offers the best of both worlds.

The price of Mask Network could increase as the platform integrates with more services and dApps, offering greater versatility. More use cases for the Mask extension would encourage higher on-chain activity and support the MASK to USD price in the market.

Moreover, the growing interest of investors and end-users in the Web3 market could also drive up the price of Mask Network. Projects like Mask Network could become even more attractive, and as the demand for its crypto increases, it could boost the MASK price statistics.

Although it is impossible to offer an accurate MASK coin price prediction based solely on its price history, there are key factors that could influence price action in the Mask Network token:

Level of Adoption

As more users sign up for accounts on the Mask Network, the value of MASK crypto could rise. Investors may also become more interested in the token as the project gains traction among end-users.

More Integrations and Features

Announcements of additional integrations with existing Web2 apps can boost investor confidence in the cryptocurrency, driving up the price of MASK. Furthermore, the introduction of more features and services could also contribute to the upward trajectory of the Mask Network coin price.

Market Sentiment

In addition to the outlook towards Web3, the overall sentiment in the crypto market plays a vital role in determining price trends in $MASK. Positive market sentiment or a risk-on mood in the global financial markets encourages higher buying activity, which could support the price of Mask Network. Conversely, a bearish mood or risk-off sentiment leads to sell-offs that could weaken the value of Mask Network and its market cap.

$MASK is the governance token of the Mask Network and serves the following purposes:

Governance Token

$MASK token holders can become members of the MaskDAO. The DAO is responsible for voting on critical decisions concerning the future evolution of the Mask Network protocol.

Crypto Asset for Trading and HODLing

Trade MASK against other assets to profit from changing market conditions. You can buy or sell Mask Network against other cryptocurrencies or hold it long-term if you believe in the future potential of the protocol. Before trading Mask Network, check the current price of Mask Network, MASK market cap, circulating supply, 24-hour trading volume, and analyze the MASK price chart.

Earn Passive Income on BYDFi

You can grow your crypto portfolio by holding $MASK via the BYDFi Crypto Lending service. Head to this section of our platform to lend liquidity for MASK and earn attractive daily interest over seven days, 14 days, or 28 days. It offers a safe and risk-free way to grow your investment in MASK tokens.

Although the Mask Network does not have an official staking program of its own, you can stake $MASK on other cryptocurrency exchanges to earn attractive APYs and grow your holdings. Here's how:

1. Perform an online search to find the platforms that support staking MASK crypto.

2. Select the right option based on the APYs on offer, lock-in period, and reputation. Create an account on the platform.

3. Fund your account by purchasing $MASK tokens and navigate to the Staking section of the platform.

4. Enter the number of MASK tokens you wish to stake, select the desired duration, and confirm the transaction.

5. Sit back, earn rewards, and watch your holdings grow from staking $MASK.

As of November 2022, Mask Network has formed partnerships and gained support from various organizations, including Hashkey Capital, Maker, Arweave, ChainIDE, Digital Currency Group, Alameda Research, Binance, and OKX. Other renowned names that have partnered with the project include Filecoin, Protocol Labs, NYM, Animoca Brands, and more.