Mask Network has announced that it has accomplished an incredible breakthrough of donating $1.5 million to support the functioning of various Web3 projects and prominent universities. This manifests their dedication to promoting the expansion and evolution of the Web3 ecosystem.
Mask Network is a crypto platform that strives to enable users to access the Web3 landscape. It allows users to use dApps on social networks like Facebook and others, without having to abandon such platforms. Users can leverage Mask Network to encrypt messages, execute cryptocurrency transactions, and even interact with DeFi platforms directly from their social media channels.
Why Mask Network makes strategic investments in Web3
Mask Network’s specialization in helping Web3 projects coincides with its vision of developing a more accessible and easy-to-use Web3 ecosystem, including decentralized internet.
So far, Bonfire Union, a venture capital subsidiary owned by Mask Network, has made an investment in more than 120 potential Web3 platforms. Some of the most rapidly developing Web3 networks that the VC firm invested in include the likes of Scroll, Lens, RSS3, and others. Such investments enable the advancement of the Web3 ecosystem and the production of incomes that can be used to promote greater charitable/humanitarian activities elsewhere.
Besides that, Mask Network runs an academy, popularly known as the Mask Network Academy, which offers economic empowerment and tech assistance to major universities and journalistic commitments. This educational program focuses on advancing Web3 exploration and reporting, promoting the next-gen Web3 visionaries and specialists.
In addition, Mask Network proactively interacts with Web3 users through partnerships, contributions, and awards. Their dedication to helping the Web3 community has gained massive trust and friendship, reinforcing their presence as a dominant participant in the decentralized Web3 sector.
By continuously helping Web3 projects and making investments in education, Mask Network performs an essential role in redefining the next generation of the decentralized ecosystem. Its breakthrough of a $1.5 million donation acts as a demonstration of its commitment to developing a more decentralized, accessible, and global Web3 space for everybody.
Embracing the nextgen Web3
The web has advanced tremendously, leading to the emergence of disruptive technologies such as the decentralized internet. Such innovations are primed to revolutionize the digital space, providing users with extraordinary opportunities for growth.
By researching the power of Web3 use cases, Web3 pioneers and leaders can unleash how such applications can empower users to thrive in the digital economy. Users also can understand how to exploit new sources of income and stay ahead of the competition.
Web3 is the future of the internet, known for its attributes like accessibility, decentralization, transparency, and improved user applications. It is quite different from Web2 as it is not controlled by centralized companies, but functions on decentralized networks driven by blockchain technology. This decentralization ensures higher independence, transparency, and security for users.
One of We3’s advantages is the power to engage with smart contracts and dApps without reliance on intermediaries. This unleashes new opportunities for financial empowerment. Users can leverage web3’s potential by interacting with blockchain-based solutions, setting smart contracts for automated trading, using DeFi apps for growth, and others.
