CDS Collaboration DWF Labs Strategic $5M Investment in Mask Network
Collaboration

DWF Labs Strategic $5M Investment in Mask Network

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DWF Labs Strategic $5M Investment in Mask Network

Global digital asset management firm DWF Labs announced a $5 million investment and strategic partnership with Mask Network.

Investment Highlights

DWF Labs realized its investment by purchasing $5 million in $MASK tokens. The investment will be used to make the platform more accessible to Web3 and support ecosystem sustainability. As a decentralized social network pioneer, Mask Network actively supports decentralized social networks such as Bluesky and Mastadon, founded by Twitter co-founder Jack Dorsey.

Mask Network’s investment and collaboration will enormously facilitate the platform’s Web3 ambitions. The investment firm has already invested in many outstanding Web3 projects. The investment and partnership show that DWF Labs is committed to supporting Mask Network’s goal of creating a free open internet.

Mask Network&DWF Labs
Mask Network&DWF Labs

Connection with Other Investments

Last year, DWF Labs backed the TON blockchain, founded in 2017 by the Durov Brothers, founders of Telegram Messenger. The company invested a total of 10 million dollars in the TON ecosystem in November 2022. Mask Network and TON are working together. Many protocols and applications in the Mask ecosystem will integrate with the TON ecosystem in the future.

About DWF Labs

DWF Labs is a global digital asset management and multi-stage Web3 investment firm. The company is established in several global markets, including Singapore, Switzerland, South Korea, the BVI, and the UAE. Focusing on Web3 projects, the company provides support to its investee projects, including advisory, liquidity provision, cybersecurity, smart contract audit processes, and treasury management.

About Mask Network

Mask Network is a decentralized social networking protocol that aims to bridge Web2 and Web3 users. The company offers a Mask extension that brings the decentralized application ecosystem to traditional social networks. With the Mask extension, users connect to social media networks such as Facebook and Twitter while securing the data of their actions on the platforms. Thus, the platform helps users take control of their personal data.

References

www.masknetwork.medium.com

www.mask.io

Written by
oguz

The author is a political science and public administration student at Kocaeli University. He is also studying Management Information Systems at Anadolu University. He met Blockchain technology and Cryptocurrencies for the first time in 2019. Interested in cryptocurrencies for over 2 years. In addition he provides E-commerce and social media marketing services.

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