Mask Network
20 Gemmill Lane, Singapore, Central Region, 069256
Overview
Mask Network build the bridge between Web 2.0 (Platforms such as Twitter) and Web 3.0 - By letting users send encrypted messages to friends, send and receive cryptocurrency and share files, and interact with DApps, all on a decentralized level. Mask Network offers the ability to fund Gitcoin grant campaigns directly from Twitter, as well as plans to offer p2p payments and decentralized storage functionality. It is a decentralized portal that also allows users to use DApps like crypto payments, decentralized finance, decentralized storage, e-commerce (digital goods/NFTs) and decentralized organizations (DAO) over the top of existing social networks without migrating, creating what is referred to as a decentralized Applet (DApplet) ecosystem.
- Total investments
- 36
- Lead investments
- 1
- Investments · 12mo
- 2
- Active investors
- 3
Sector focus
- Blockchain
- Cryptocurrency
- Privacy
- Security
- Social Network
- Software
Investment portfolio
- TBook
Participated · Equity · Jan 2026
TBook’s core product is an embedded RWA liquidity layer designed to streamline how real-world-asset issuers reach vetted users. Its infrastructure relies on a proprietary three-layer stack: an Identity Layer featuring Incentive Passports and vSBTs, an Intelligence Layer powered by the WISE credit-scoring engine, and a Settlement Layer called TBook Vault. Together, these layers provide identity verification, credit assessment, and secure settlement for on-chain RWA transactions. The company has attracted a broad investor base—including SevenX Ventures, Sui Foundation, Mask Network, HT Capital, VistaLabs, Blofin, Bonfire Union, LYVC, and GoPlus—resulting in cumulative financing of more than $10 million and a valuation topping $100 million. TBook plans to hold a Token Generation Event (TGE) in the first quarter of 2026, signaling an eventual move toward token-enabled functionality and community ownership. Although specific revenue or user metrics were not disclosed, the sizable valuation and multi-layer architecture suggest an ambition to become foundational infrastructure for RWA liquidity in Web3.
- Depinsim
Participated · Equity · Oct 2025
Depinsim is building the Free Mobile Internet Protocol, an open protocol layer that lets users earn value for every byte of mobile data they consume. By fusing eSIM connectivity with on-chain incentive mechanisms, the company enables users to ‘mine connections,’ earning rewards that can top up data plans or be exchanged for the stablecoin $PIN. Its ecosystem offers three earning paths—activating specialized mining devices, completing tasks, or simply using data—thereby turning routine connectivity into a revenue stream. At the application layer, Depinsim’s Task Incentive Platform allows Web2 and Web3 companies to distribute data packages as user rewards, driving low-cost, high-quality customer acquisition. This approach positions Depinsim as a bridge between mainstream mobile usage and Web3 value capture, making online activity measurable and monetizable. No revenue, user, or location metrics were disclosed in the article.
- Party Icons
Participated · Seed · Nov 2024
Party Icons centers on Miragio, a customizable interactive island that serves as the Partyverse hub and gateway to three playable modes—Party Heist, Party Brawl, and Carnival Clash—with more modes planned. The platform blends traditional Web2 game design with Web3 features: mintable higher-rarity Hero Icons and weapons, Mirship NFTs, and a Party-as-a-Service (PaaS) live-ops model that decentralizes economic and operational control to guilds, streamers, and players. A secret fourth mode, God Mode, is reserved for OGX̅ NFT holders and enables game-master mechanics; a spectator role that lets viewers influence live streams is slated for rollout and testing in 2025. Sessions are built for ‘bite-sized’ play (most under 12 minutes) and the game emphasizes social and competitive experiences with upgradeable Party Talents, weapons, and player-driven clubs. The company says it will use new funding to accelerate development of gaming and social experiences, expand Web3-enabled functionality and infrastructure, and fuel global expansion into key markets in 2025. Total known funding is now $20 million.
- Moonveil Entertainment
Participated · Series A · Aug 2024
Moonveil Entertainment is a Web3 game studio founded in 2022 and based in the Cayman Islands. The company is developing flagship titles including AstrArk (a tower defense mobile game) and Bushwhack, and plans to host third-party Web3 games on its platform. Moonveil is building on a ZK-powered Layer 2 chain using Polygon CDK technology and aims to create an aggregated multi-game metrics ecosystem across its own and external games. It is preparing a $MORE token Play-to-AirDrop event tied to its gaming ecosystem. The studio emphasizes infrastructure-level innovation through its Polygon CDK integration and aggregation layer chain solution to accelerate Web3 adoption in gaming. The team includes industry veterans with backgrounds at Riot Games, Tencent, Netease, Funplus, and CARV and experience on titles like League of Legends, Valorant, Minecraft, and EVE Online.
- Chainbase
Participated · Series A · Jul 2024
Chainbase is a blockchain data network. The company provides infrastructure focused on blockchain data. It announced a $15M Series A round led by Tencent Investment Group and Matrix Partners China. Other investors included Folius Ventures, Hash Global, JSquare, Mask Network and Bodl Ventures. The company said the round was completed in the fourth quarter of last year and was structured using a mix of equity financing and token warrants. With this financing its total funding to date is $18M; the company declined to comment on valuation.