Dubai, United Arab Emirates, April 23rd, 2025, Chainwire
DWF Labs is proud to announce its strategic investment and partnership with Mask Network, the leading decentralised social protocol pioneering the bridge between Web2 and Web3. As part of this collaboration, DWF Labs has acquired $5 million worth of $MASK tokens, signaling a strong commitment to the growth of the decentralised social layer and the broader Web3 ecosystem.
Mask Network is at the forefront of developing tools that empower users to seamlessly access Web3 experiences, such as encrypted messaging, NFTs, and decentralised finance, while bridging from traditional social platforms. Through its venture arm Bonfire Union and global grants programs, Mask Network has backed over 100 projects in Web3 social, infrastructure, and creative content over the past three years.
“Web3 social is an essential building block of a more open and user-owned internet,” said Andrei Grachev, Managing Partner at DWF Labs.“Mask Network has consistently demonstrated both vision and execution in this space. We are excited to support their journey as they scale access to decentralised technologies, empower creators, and pioneer the future of digital interaction.”
As a next-generation market maker and Web3 investment firm with a global presence, DWF Labs is uniquely positioned to support foundational infrastructure projects like Mask Network. This partnership aligns with DWF Labs’s mission to accelerate adoption of permissionless, composable technologies that unlock value for users and builders worldwide.
“DWF Labs brings more than just capital to the table. They bring global connectivity, ecosystem depth, and a long-term mindset,” said Suji Yan, Founder of Mask Network. “We’re thrilled to work with a partner that shares our belief in empowering the decentralized social space.”
With this partnership, DWF Labs joins an esteemed group of Mask Network backers including Arweave, HashKey Global, and Protocol Labs, contributing to a shared vision of digital autonomy, user sovereignty, and programmable social infrastructure.
This strategic alignment underscores the growing momentum around Web3-native social networks as a critical entry point for mainstream adoption. Together, DWF Labs and Mask Network aim to catalyse a more open internet, one where users control their data, creators are fairly rewarded, and value flows freely across trustless systems.
About DWF Labs
DWF Labs is the new generation Web3 investor and market maker, one of the world’s largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges. Learn more here.
About Mask Network
Mask Network is a leader in the vibrant decentralized social network ecosystem. With its venture arm, Mask strategically invests in decentralized social networks, infrastructure, and creative contents with the goal of making Web3 more accessible to all.
Contact
VP, Comms
Lynn Chia
DWF Labs
[email protected]
