DWF Labs Invests $5M In Mask Network To Boost Web3 Social Layer, $MASK Jumps More Than 12%

DWF Labs has confirmed a strategic partnership and investment in Mask Network, the decentralised social protocol that bridges Web2 and Web3 experiences. 

The firm acquired $5 million worth of MASK tokens to support Mask Network’s vision for a user-driven internet and the growing decentralised social landscape.

Supporting Web3 Social Growth

Mask Network equips users to access encrypted messaging, NFTs, and decentralised finance directly from familiar social platforms. 

Through its venture arm, Bonfire Union and global grants, Mask Network has funded over 100 projects in Web3 social, infrastructure, and creative content over the past three years. DWF Labs’s investment highlights confidence in Mask Network’s ability to scale these innovations.

Leadership Perspectives

Andrei Grachev, Managing Partner at DWF Labs, emphasised the importance of Web3 social in building a more open and user-owned internet. He praised Mask Network’s track record of vision and execution, and expressed excitement for supporting their expansion. 

Suji Yan, Founder of Mask Network, noted that DWF Labs brings more than capital. She welcomed their global connections, ecosystem expertise, and long-term approach to fostering decentralisation.

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Shared Vision and Ecosystem

This collaboration adds DWF Labs to a roster of prominent Mask Network backers, including Arweave, HashKey Global, and Protocol Labs. Together, they share a commitment to digital autonomy, user sovereignty, and programmable social infrastructure. 

The partners aim to accelerate mainstream adoption by empowering creators, enabling secure data control, and fostering seamless value transfer across trustless systems.

$MASK Price Actions

Following the announcement, the MASK token climbed from $1.13 to $1.25, reflecting a 10% gain. As of the time of writing, the token traded at $1.19, up more than 12% in 24 hours. Its global market capitalisation reached $119.42 million, and trading volume jumped 147%. 

These figures underscore market confidence in both Mask Network’s roadmap and DWF Labs’s strategic support.

DWF Labs’ Global Expansion

In addition to the Mask Network deal, DWF Labs has strengthened its presence by opening a new office in New York City. This move into the United States marks a key step in the firm’s wider expansion strategy. 

The New York hub is expected to enhance DWF Labs’s global connectivity and better serve its growing portfolio of blockchain projects.

DWF Labs’s investment in Mask Network reflects the rising momentum behind decentralised social protocols.

By injecting capital and expertise, both organisations are set to advance user-centric internet services and push Web3 into the mainstream. 

As the MASK token responds positively, and DWF Labs widens its global reach, their joint efforts could shape how people interact, transact, and create online in the years to come.

Also Read: DWF Labs Secures 250 Million WLFI Tokens at $0.1, Doubling Second-Round Subscription Price