MaskDAO, a community-driven decentralized autonomous organization (DAO), has announced an exclusive buyout.As per MaskDAO, it is purchasing Orb.club, the biggest Lens-native social app, to expand the ecosystem of decentralized forums to improve creator economy. The platform revealed this groundbreaking development on its official social media account.
MaskDAO Buys Orb.club to Expand Decentralized Social Sphere and Creator Economy
MaskDAO’s buyout of Orb.club aims to enhance the creator economy with the expansion of decentralized platforms. Mask Network, which is a well-known Web3 social platform to bridge the gap between the Web2 interfaces and the on-chain technology, has confirmed Orb.club’s buyout. The acquisition deal takes into account the purchase of the rapidly expanding mobile app Orb, which is developed on Lens Protocol.
After this buyout, Orb will be incorporated into the ecosystem of MaskDAO. With a per-month active consumer base of more than 50,000 users, Orb is counted among the leading platforms when it comes to decentralized social media. It offers cutting-edge creator tools for community engagement via drops of viral stickers, collectible content, and tokenized clubs.
Founded back in the year 2017, Mask Network started its services in the form of a browser extension, letting consumers interact with latest Web3 features from conventional platforms like Facebook and Twitter. However, over time, it turned into a wider infrastructure provider backing decentralized content creation, identity, and governance. For this purpose, it unveiled exclusive initiatives like MaskDAO and Bonfire Union (its investment branch).
Orb.club’s integration into MaskDAO underscores a key milestone for ecosystem advancement with unique tools. They take into account Next.ID (for identity infrastructure), Firefly.social (an inclusive Web3 app), and Web3.bio (a suite of cutting-edge search and profile-related tools). These endeavors attempt to improve consumer experience in the Web3 world.
Establishing Decentralized Social Ecosystem with Consumer-Owned, Monetizable, and Expressive Internet
According to MaskDAO, Orb’s hallmark notable features deal with advanced mobile experiences, tipping systems, and tokenized clubs. These features reintroduce a community-led social experience. With the latest buyout, MaskDAO’s infrastructure permits the Orb team to redefine community ownership and mobile innovation. Overall, the purchase denotes a new phase in the wider decentralized social ecosystem where consumers act as stakeholders in a consumer-owned, monetizable, and expressive internet.
