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.
