Mask Founder Responds to Taking Over Lens: Adhering to a Product with Weak Finance and Strong Social Features is the Future Direction of Crypto

marsbitPublished on 2026-01-21Last updated on 2026-01-21

Abstract

In a landscape where decentralized social networks are often considered disproven, with early projects stalling despite millions in funding and even leading platforms like Farcaster pivoting to wallets, the announcement that Mask Network will take over Lens Protocol stands out as a significant move. Lens Protocol, created by Aave founder Stani Kulechov, claims around 110,000 active users. Mask Network, known for its expansive presence in decentralized social ecosystems—including acquiring the second-largest Mastodon server and developing the popular Firefly client—aims to reinforce its vision of a crypto future centered on "low-finance, high-social" products rather than purely financial applications. This takeover highlights a continued belief in decentralized social infrastructure, even as major centralized platforms like X and Threads dominate user attention.

In the eyes of most people, the decentralized social track seems to have been disproven. Projects that raised tens of millions of dollars years ago have made no progress. Even the leading Farcaster has announced a pivot to wallets, and Nostr, beloved by Twitter founder Jack Dorsey, no longer sees any users. Everyone is increasingly concentrating on platforms like X and Threads.

Against this backdrop, Mask Network's announcement of taking over Lens Protocol appears exceptionally rare.

Lens is another creation of Stani, the founder of the top DeFi project Aave, with official reports of 110,000 active users. The acquiring party, Mask Network, has an extensive presence in the social field, having previously acquired the second-largest server of the decentralized social platform Mastodon and developed Firefly, the largest third-party client in the decentralized social space.

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Foresight News8m ago

A Country That Mined Bitcoin for 8 Years Has Built Its Own Dedicated Crypto Bank

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marsbit31m ago

Unveiling the Whales of the World Cup Prediction Market: Smart Money Stumbles on the Pitch, 'Buy No' Outperforms 'Buy Yes'

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marsbit34m ago

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2.7k Total ViewsPublished 2024.03.29Updated 2026.06.02

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