What is Mask Network & its crypto’s price prediction?


Can Web 3.0 (Web3) Replace Existing Web 2.0? The latter, Web3’s backers claim, is reeling from the unwarranted dominance of tech giants. The newest version, Web3, could decentralize the Internet with powers distributed among users.

But what if a project wants to reinforce the Web 2.0 ecosystem with decentralized functions, without having to completely migrate to Web3? One such platform is the Mask Network, which could decentralize existing platforms like Facebook and Twitter through a simple browser extension.

Let’s know more.

What is Mask Network?

The main offer of the project is the encryption of messages sent through popular social networking sites. On his official website, Mask claims that by simply adding it as a browser extension, Web 2.0 websites like Twitter can be injected with Web 3.0 attributes.

The project further claims to be an enabler in the fields of decentralized finance and non-fungible tokens (NFTs). Mask Network can help users to exchange NFTs on social networks, for which the project uses the services of OpenSea.

Mask may enable cryptocurrency trading on a DeFi-style network, as well as help launch new blockchain-based assets directly on Twitter, according to the project’s official website.

also read: Canada Emergencies Act: Cryptocurrencies are subject to “terrorist financing” laws

crypto MASK

Like most other blockchain projects, Mask Network is also a Decentralized Autonomous Organization or DAO. To do this, MASK crypto acts as a governance token for the project. The network claims that it is free for users, as well as being open source. This means that MASK crypto might have no use in paying fees.

MASK crypto price

The MASK cryptocurrency has yet to become a high-cap crypto asset, but with over US$175 million in market cap, it still ranks in CoinMarketCap’s top 300 cryptocurrency list. As of now, the MASK cryptocurrency is trading at almost 6 US dollars.

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MASK crypto price prediction

Mask Network claims to have a unique ability to bridge the gap between the two versions of the Internet. If Mask can really infuse decentralization into Web 2.0 platforms like Twitter, the linked MASK crypto may win.

The price of the MASK cryptocurrency swung into double-digit territory earlier this year, but reflected the same decline that crippled most other cryptocurrencies due to factors such as impending rate hikes by central banks and the sell-off. riskier assets such as stocks.

also read: BTT, SHIB and XEC: Top 3 Cheap Cryptocurrencies with a Market Cap of Over $1B

If Mask Network can find users for its browser extension service, and if it can help users trade cryptocurrencies and NFTs on regular social media platforms, the MASK cryptocurrency may increase in demand, which may lead to the price increasing. reach almost US$20 by the end of 2022.

MASK cryptocurrency price in 2022

Data provided by CoinMarketCap.com

also read: Bitcoin Price Prediction 2025: Can Web 3.0 Catapult BTC to $300,000?

Bottom line

Mask Network has an interesting utility. While other blockchain platforms want to become a key player in Web3, Mask envisions a bridge between the centralized and decentralized versions of the Internet. MASK token price is still an interesting watch.