Mask Network's third round of Web3 social ecological project inventory

Mask Network's Web3 Social Fund, valued at $100 million, supports projects that promote decentralization, empower users, and foster community ownership in the Web3 social ecosystem.

Feb 09, 2025 at 12:54 am

Mask Network's Third Round of Web3 Social Ecological Project Inventory

Key Points:

• Comprehensive overview of Mask Network's third ecosystem fund.
• Detailed analysis of selected projects in each category.
• Insights into the Web3 social ecosystem and its future.

Selected Projects:

1. Decentralized Social Networks:

• Mastodon: A decentralized microblogging platform that provides users with control over their data and privacy.
• Steemit: A blockchain-based social media platform that rewards users for creating and curating content.
• Hive: A blockchain-based social media platform that is forked from Steemit and incorporates a reputation system.

2. Social DAOs:

• Seed Club: A decentralized autonomous organization (DAO) that invests in Web3 startups and provides mentorship to entrepreneurs.
• Socialstack: A DAO that aims to build a decentralized social media platform owned and governed by its users.
• Bright ID: A DAO that develops a decentralized identity verification protocol for online communities and platforms.

3. Social NFTs:

• POAP: Proof-of-Attendance Protocol NFTs that provide users with verifiable proof of their participation in events.
• Lens: A decentralized social media protocol that enables users to own and control their social graph data as NFTs.
• Ethereum Name Service (ENS): A decentralized naming system that allows users to easily create human-readable addresses for their blockchain addresses and NFTs.

4. Social Gaming:

• Axie Infinity: A blockchain-based game where players can collect, breed, and battle fantasy creatures known as Axies.
• SAND: The native token of the Sandbox, a blockchain-based game where players can build virtual worlds and experiences.
• Decentraland: A blockchain-based virtual world where users can purchase, develop, and monetize land parcels.

Other Notable Projects:

• Sweatcoin: A mobile app that rewards users with cryptocurrency for walking and exercising.
• Audius: A decentralized music streaming platform that allows artists to own their music and fans to support them directly.
• Roll: A decentralized social media platform that focuses on user privacy and anonymity.

FAQs:

Q: What is Mask Network's Web3 Social Fund?
A: The Web3 Social Fund is a $100 million fund established by Mask Network to support the development of Web3 social projects. The fund invests in projects that align with its mission to empower users and build a decentralized, user-owned social ecosystem.

Q: What are the criteria for selecting projects for the fund?
A: Mask Network considers several factors when selecting projects for investment, including the team's experience, the uniqueness and potential impact of the project, and its alignment with the fund's values of decentralization, user empowerment, and community ownership.

Q: How will the fund support the selected projects?
A: Mask Network provides various forms of support to its portfolio companies, including seed funding, mentorship, access to resources and networks, and marketing and business development assistance.

Q: What is the future of the Web3 social ecosystem?
A: The Web3 social ecosystem is evolving rapidly, with the emergence of new projects and technologies that empower users and challenge the dominance of centralized platforms. The future of the ecosystem is likely to be characterized by increased decentralization, user ownership, and privacy preservation.