Mask Network

Mask Network, primarily known as a pioneering Web3 protocol enabling users to bridge traditional social media with decentralized applications, has significantly expanded its footprint into the venture capital landscape. Recognizing the need to foster innovation within the burgeoning decentralized internet, Mask Network launched a dedicated investment arm. A pivotal move in this strategy was the establishment of a substantial $100 million developer fund in March 2022, specifically earmarked to catalyze growth across the Web3 ecosystem. This fund underscores Mask Network's commitment to nurturing the next generation of decentralized technologies and applications.

The investment focus of Mask Network's venture arm is strategically aligned with its core mission: supporting projects that contribute to the development of Web3 social platforms, foundational infrastructure, and decentralized finance (DeFi) solutions. As an active participant in early-stage funding rounds, Mask Network typically acts as a strategic investor, contributing capital and expertise to promising startups. By early 2022, prior to and coinciding with the fund's launch, Mask Network had already invested in over 30 projects, demonstrating a proactive approach to ecosystem development. Notable investments include contributions to the seed rounds of prominent Web3 entities like RSS3 and CyberConnect, showcasing their interest in foundational layers and social graph protocols.

While specific first cheque sizes are not always publicly disclosed, Mask Network's participation in seed and Series A rounds, coupled with the scale of its $100 million fund, suggests a typical investment range. Given their role as a strategic participant rather than a lead investor in many instances, their initial contributions likely fall within the range of $250,000 to $2,000,000. These investments are designed to provide crucial early-stage capital, helping nascent Web3 projects scale their operations and accelerate product development. Mask Network's investment strategy is deeply integrated with its broader vision of building a more open, decentralized internet, leveraging its capital to cultivate a robust and interconnected Web3 landscape.