According to ChainCatcher, decentralized social protocol Mask Network and Lens Protocol jointly announced that Mask Network has become the new steward of Lens Protocol. In the future, Lens Protocol's focus will no longer be on protocol experimentation, but on consumer-oriented user experience, product design, and global distribution.
“Mask’s mission is to make decentralized social features easy to use, intuitive, and meet the needs of everyday users, which aligns perfectly with Lens’ next phase of development,” said Suji Yan, founder of Mask.
"As Mask leads this important phase, our role is shifting from day-to-day product development to consulting. In this role, we remain committed to our mission of making open, scalable, user-owned social networks the core pillars of the future internet. We are dedicated to the long-term success of Lens, its developers, its community, and the Suji and Mask teams," Lens stated on its official blog.
According to RootData, Lens Protocol has raised over $46 million in total, with investors including Tencent, Robot Ventures, and Variant Fund. Last June, media reports indicated plans for a new round of funding at a $500 million valuation. Mask Network has previously raised over $57 million, and its token MASK currently has a FDV of $60 million.
