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Overview
What Mask Network and MASK aim to do
Mask Network is a browser extension that adds Web3 features to the social platforms people already use. With Mask active on sites like X (Twitter), Facebook, Instagram, Minds, and Mirror, users can post end‑to‑end encrypted messages, send crypto, view NFTs, and interact with decentralized apps without leaving their timelines. The goal is simple: blend Web2 convenience with Web3 ownership and privacy. (mask.io)
MASK is the network’s governance and utility token. It is an ERC‑20 asset first issued on Ethereum, with bridged versions available on other chains. Within the ecosystem, MASK powers voting in MaskDAO and can unlock or streamline certain in‑app features. The extension also surfaces Web3 tools like Snapshot voting, Gitcoin grants, and security checks directly inside social feeds. (coinbase.com)
Why it matters
Mask lowers the barrier for everyday users to try Web3. Instead of switching apps or learning new interfaces, people can keep using the social sites they know while gaining private messaging, wallet actions, identity tools, and dapp access through a lightweight overlay. That makes Web3 feel less distant and more practical. (mask.io)
Price, Market Position, and Liquidity
As of 2/13/2026 00:00 UTC, Mask Network (MASK) trades at $0.451 with a +4.17% move over the last 24 hours.
The market capitalization stands at $45M, placing it at rank #467 by market value.
Daily trading volume is $9.6M. Mask Network (MASK) has moved +3.38% over the past seven days and -34.98% across the last 30 days.
History & Team
Origins and leadership
Mask Network was founded in 2017 by Suji Yan, an entrepreneur focused on open, user‑owned internet experiences. Yan leads the project’s broader push into decentralized social, identity, and developer tooling. Over time, the team has supported and operated large Mastodon communities such as mstdn.jp and mastodon.cloud, and in December 2022 an affiliated entity acquired Pawoo.net, one of the largest Mastodon instances. (prnewswire.com)
Building a decentralized social portfolio
Beyond the browser extension, the project has grown a network of products and partners. In January 2026, Mask Network announced it would steward the next chapter of Lens, a leading open social protocol originally incubated by Avara (from the Aave team). This move signaled a shift from “infrastructure only” toward consumer‑ready apps in decentralized social. (prnewswire.com)
Backers and venture arm
Mask has drawn support from well‑known investors over multiple rounds. Coverage highlights backers such as Digital Currency Group, Alameda Research, Binance, Animoca Brands, and others. In 2022, the team launched Bonfire Union, a venture arm with an initial $42 million fund to invest in Web3 social and infrastructure; later updates reported that Bonfire Union’s funds reached a combined $100 million. (techcrunch.com)
Technology & How It Works
The extension architecture
Technically, Mask functions like a programmable layer on top of social websites. It uses standard web‑extension components:
- Background service for cryptography and non‑UI tasks.
- Content scripts to render UI widgets inside social feeds.
- Injected scripts to safely interact with page elements when needed. This modular setup lets Mask add features like encrypted posting, wallet prompts, identity cards, and dapp “mini‑apps” without changing the host website. The codebase is open source under AGPL‑3.0. (docs.mask.io)
Privacy and encrypted posts
A core feature is end‑to‑end encrypted posts. When a Mask user writes a private update, only recipients with the right keys (and the extension) can decrypt and read it on the social site itself. For everyone else, the post appears unreadable. This keeps conversations private while preserving the familiar social flow. (mask.io)
Identity with Next.ID
Mask integrates Next.ID, a decentralized identity (DID) protocol that links a person’s on‑chain addresses with Web2 profiles like X, Discord, GitHub, and more. Next.ID builds “identity graphs,” stores verifiable changes on Arweave, and exposes a Universal Profile API used by apps such as Web3.bio. Mask uses this layer to show rich cross‑platform identity cards and to help users carry their reputation across apps. (docs.next.id)
Plugins and dapp access
Inside the extension, small apps surface common Web3 actions: token swapping and bridging, Snapshot voting, Gitcoin funding links, NFT rendering, file uploads to IPFS/Arweave, and contract approval management. A “Smart Pay” contract wallet on Polygon is designed so fees can be paid in MASK rather than the chain’s native gas token. (mask.io)
Tokenomics & Utility
Supply and standard
MASK is an ERC‑20 token deployed on Ethereum, with a fixed total supply of 100 million minted at creation. The audited token contract is publicly viewable on Etherscan. Bridged versions exist on other networks (for example, BNB Chain and Polygon), but the canonical token is on Ethereum. (ww6.etherscan.io)
Governance and participation
MASK holders are members of MaskDAO and can propose or vote on ecosystem matters—such as product direction, grants, and treasury usage—typically by staking tokens on proposal contracts during set voting windows. Some partners and platforms also reference staking or rewards programs tied to governance participation. (support.bitso.com)
Allocation approach
Public documentation and exchange research outline an initial distribution centered on community programs, reserves/treasury, early investors, and the team, with a capped supply of 100,000,000. Exact percentages vary by source and update, but the overall design emphasizes long‑term governance and ecosystem building rather than uncapped emissions. (support.bitso.com)
What MASK is used for
- Governance: voting and proposal rights within MaskDAO.
- Access and features: integration with in‑extension tools (e.g., Snapshot links, grants, and social utilities).
- Payments in Smart Pay: fee abstraction on Polygon via a contract wallet that accepts MASK for gas. (mask.io)
Ecosystem & Use Cases
Social features inside your feed
Mask overlays practical Web3 tools right where people already spend their time:
- Encrypted posts visible only to intended readers.
- NFT previews and profile badges.
- Snapshot voting links in‑line with social posts.
- Gitcoin grant campaign links for community funding.
- Security checks for token contracts and addresses. (mask.io)
Identity and reputation
With Next.ID and Web3.bio, users can connect ENS names, wallets, Lens or Farcaster profiles, and more into a portable identity. Apps can query these “universal profiles” to personalize experiences, filter spam, or reward long‑term community members. (docs.next.id)
Smart payments and files
The extension includes a simple swap/bridge interface, a contract wallet for gas abstraction on Polygon, and file services that write to IPFS or Arweave. That means a creator can share an encrypted file or tip a collaborator—without leaving the social app. (mask.io)
Stewardship of open social protocols
By taking stewardship of Lens in 2026, Mask committed to building consumer‑grade social apps on top of open protocols. This complements its history operating major Mastodon instances and points to a broader strategy: support the underlying rails and deliver approachable products on top. (prnewswire.com)
Advantages & Challenges
Advantages
- Familiar user experience: Web3 actions appear within X, Facebook, and other sites, reducing friction. (mask.io)
- Privacy by design: end‑to‑end encryption for posts and messages. (mask.io)
- Open source and auditable: the codebase and architecture are public, with an AGPL‑3.0 license. (github.com)
- Strong identity layer: Next.ID and Web3.bio unify Web2 and Web3 identities for richer profiles and less spam. (docs.next.id)
- Ecosystem support: Bonfire Union invests in projects across decentralized social and infrastructure, helping expand integrations and use cases. (chaincatcher.com)
Challenges
- Platform dependencies: feature availability can be affected by changes made by large social networks to their interfaces or policies. (mask.io)
- Network effects: private posts and some social features work best when both sides use the extension.
- Fragmentation in decentralized social: users and developers must coordinate across many emerging protocols and identity systems; Mask’s strategy with Lens and Next.ID aims to simplify this, but the landscape continues to evolve. (prnewswire.com)
Where to Buy & Wallets
Exchanges
Mask Network can be purchased on Coinbase, Binance.US, Kraken, and OKX. These platforms list MASK for spot trading in supported regions. (coinbase.com)
MASK is also available on decentralized exchanges on Ethereum such as Uniswap, as the protocol supports ERC‑20 tokens. (docs.uniswap.org)
Wallets
MASK is an ERC‑20 token, so it is compatible with major self‑custody wallets. Users commonly store MASK with MetaMask or Coinbase Wallet, and can also manage assets using the project’s own Mask Wallet within the extension, which supports 15+ EVM chains and integrates identity features. Hardware wallets can connect through those interfaces for added control. (mask.io)
Regulatory & Compliance
General regulatory posture
MASK is a utility and governance token for an application layer that enables encryption, identity, and dapp access on social media. It is listed on major U.S.‑based platforms, including Coinbase and Binance.US, which indicates that exchanges have assessed the asset for their compliance frameworks. Coinbase’s 2021 listing note also specified regional availability restrictions (for example, not available in New York at launch), reflecting local licensing rules rather than a change to the token itself. (coinbase.com)
Mask Network publishes legal and policy documents for its software, and the open‑source code allows outside review. The project is not a privacy coin; it offers client‑side content encryption for social posts and messages while interacting with public blockchains for transactions. As with many utility tokens, treatment can vary by jurisdiction, but there has been no special classification announced by regulators specific to MASK. (legal.mask.io)
Halal/Shariah considerations
From an Islamic finance perspective, Mask Network is generally viewed as halal because the token’s primary functions—governance participation, access to software features, and community incentives—do not involve interest (riba), gambling (maysir), or prohibited goods. Its purpose is to enable private communication, decentralized identity, and payments on existing social platforms. As with many technologies, personal or local guidance may differ, but the protocol’s design aims at utility rather than speculation or lending with interest.
Future Outlook
What to watch
- Consumer‑grade social apps: With Lens stewardship, expect a stronger focus on everyday experiences that make decentralized social feel as smooth as mainstream apps. (prnewswire.com)
- Identity‑driven features: Next.ID and Web3.bio will likely keep expanding data portability, reputation signals, and anti‑sybil tools that help communities curate high‑quality interactions. (docs.next.id)
- Seamless payments: Fee abstraction and integrated swaps/bridges point toward simpler “send value with a post” patterns that are usable by non‑experts. (mask.io)
- Ecosystem investment: Bonfire Union’s funds can continue seeding new social protocols, developer toolkits, and integrations that make the Mask overlay more useful. (chaincatcher.com)
Big picture
Mask Network’s path blends three layers: a friendly Web2 overlay (the extension), open social rails (Lens and Mastodon work), and a portable identity fabric (Next.ID). Together, these can lower adoption hurdles and give users control over data, identity, and value—without asking them to leave the sites they already use. (mask.io)
Summary
Mask Network brings Web3 to familiar social feeds. Through a browser extension, it adds encrypted posts, wallet actions, identity cards, and dapp shortcuts into platforms like X and Facebook. The MASK token underpins community governance and can tie into features such as fee abstraction on Polygon via Smart Pay. Around the extension sits a growing ecosystem: Next.ID for decentralized identity, Web3.bio for profile search, a venture arm that funds builders, and stewardship of Lens for open, user‑owned social. For readers learning about MASK, the key idea is usability—Mask tries to make privacy, identity, and crypto actions feel natural on the sites people already visit every day. (mask.io)
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
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Binance (CEX) | 747K | 46K/63K |
![]() MEXC (CEX) | 244K | 11K/22K |
OKX (CEX) | 229K | 22K/22K |
Gate.io (CEX) | 212K | 37K/36K |
Bybit (CEX) | 169K | 6.4K/8.9K |
![]() MEXC (CEX) | 56K | 21K/23K |
Uniswap V2 (Ethereum) | 42K | 11K/11K |
Binance (CEX) | 16K | 3.8K/2.6K |
KuCoin (CEX) | 16K | 5.8K/4.8K |
Bitget (CEX) | 16K | 48K/50K |
Kraken (CEX) | 3.6K | 22K/17K |
