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BCH $511.74 +0.46%
LINK $8.40 -0.82%
HYPE $30.67 +1.19%
AAVE $110.77 +0.99%
SUI $0.9181 -1.05%
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lens

Mask Network announces takeover of the decentralized social protocol Lens Protocol

Decentralized social protocol [Mask Network](https://www.rootdata.com/zh/Projects/detail/Mask Network?k=Mjk0 "Web3 portal") and [Lens Protocol](https://www.rootdata.com/zh/Projects/detail/Lens Protocol?k=MjA3Nw== "Social layer of Web3") jointly announced that Mask Network has become the new steward of Lens Protocol. In the future, the focus of Lens Protocol will shift from protocol experimentation to consumer-facing user experience, product design, and global distribution."Mask's mission is to make decentralized social features easy to use, intuitive, and able to meet the needs of everyday users, which aligns perfectly with Lens's next phase of development," said Suji Yan, founder of Mask."As Mask leads this important phase, our role will shift from daily product development to consulting. In this role, we remain committed to making open, scalable, user-owned social networks a core pillar of the future internet. We are dedicated to the long-term success of Lens, its developers, its community, and Suji and the Mask team," Lens stated in an official blog.According to RootData, Lens Protocol has raised over $46 million, with investors including Tencent, Robot Ventures, Variant Fund, and others. Last June, media reported plans for a new funding round at a valuation of $500 million. Mask Network has previously raised over $57 million, and its token MASK currently has a FDV of $60 million.

Mask Network has completed the strategic acquisition of the Lens chain native social application Orb.club

ChainCatcher news, according to official sources, the decentralized social pioneer Mask Network has completed a strategic acquisition of the Lens chain's native social application Orb.club. This acquisition marks a key step for Mask Network's social ecological matrix MaskDAO in building a user-driven internet ecosystem, reshaping the value flow of the creator economy by integrating the most vibrant social layer of the Web3 era.It is reported that as the mobile social application with the largest user base on the Lens protocol, it surpassed 50,000 monthly active users in early 2025, firmly ranking first among Web3 native social applications. After joining the MaskDAO ecological matrix, Orb will form a synergistic effect with core components such as Next.ID (decentralized identity), Web3.bio (on-chain profile search), and Firefly.social (Web3 all-in-one application), collectively building a "Web3 version of Tencent" social landscape.Mask Network builds a bridge connecting Web2 and Web3 by allowing users to directly use decentralized applications, encrypted communication, and payment tools on traditional social platforms. Its ecosystem is governed by MaskDAO and includes a series of applications such as Next.ID, Web3.bio, Firefly.social, and the new member Orb.club. Through the venture capital firm Bonfire Union, Mask continues to invest in decentralized social networks and infrastructure, aiming to make Web3 technology accessible to users worldwide.
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