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Since Myspace burst onto the scene in 2003, mainstream social media networks have skyrocketed in popularity. According to a 2021 study, 82% of Americans had a profile on at least one form of social media, up 2% from the previous year. However, as these vanguards of Web 2.0 have grown, so has opposition to some of their practices.
Among other violations, these social media giants restrict freedom of speech, experiment on users using closed-source algorithms and give advertisers excessive power. Despite Elon Musk's acquisition of Twitter for $44 billion and his pledge to address these issues, little has changed. However, there is hope on the horizon with emerging players like Mask Network, striving to improve social networks and bring about the next revolution in social media by promoting an open internet for all.
Key Takeaways:
Mask Network is a decentralized chain-agnostic protocol that seeks to bridge the gap between Web 2.0 and web3 through social media.
Mask Network allows its users to enjoy features such as decentralized social messaging, and decentralized file sharing and storage on Web 2.0 social networks such as Twitter.
The MASK token is the governance token of MaskDAO, the decentralized autonomous organization of Mask Network.