TechFlow news — Mask Network (Mask), the decentralized social network protocol, has announced the launch of the second fund under its venture capital arm Bonfire Union. Since its inception in 2022, the two funds have raised a total of $100 million.
Bonfire Union aims to strategically invest in decentralized social networks and infrastructure. To date, over 120 projects have joined the Mask Network ecosystem under Bonfire Union, including some of the fastest-growing Web3 projects such as RSS3, Lens, and Scroll.
Suji Yan, founder of Mask Network, said: "Mask Network has consistently contributed to and supported the decentralized social network community through various grants and donations. With this new fund, even more initiatives can benefit from our support."
