The social curation protocol RARA's development team has been acquired by #Web3 project Mask Network, based to an announcement. Being a part of the Mask ecosystem of Web3 social builders, the team will continue to develop applications and developer tools for RARA.
The 2017-founded company #Mask aims to offer a simple transition between decentralized applications from the Web 2.0 and Web 3.0 eras. The team is in charge of the busiest Mastodon instances and was one of the first members of the community to join Jack Dorsey's Bluesky protocol.
Mask has spent $100 million in infrastructure, #decentralized social networks, and creative content to support its goal of becoming the Web3 social conglomerate creating content for the first billion Web3 users.
Mask's creator, Suji Yan, stated:
"When our team first encountered RARA, they were struck with their creative strategy for allowing outside parties to store more data on NFTs. As a result, the NFT goes with each person's curation and comment. Liberating individuals from the control of a single company and app is in line with the goals of our Mask. By creating and expanding the decentralized social network ecosystem, we can ultimately realize a new and open internet."
In social apps and #NFT markets, RARA reportedly enables users to contribute social remarks. Also, users can use free "RA" soulbound collectibles for curating! using like tokens, Web3 will greet visitors and personalize social feeds and NFT recommendations as per to each user's preferences.
One of the tokens with recent high performance is MASK. The coin saw a 25% gain and reached $7, sparking investor interest. When Voyager sent $150 million USDC to Circle in exchange for real money after converting $600 million in #cryptocurrency to USDC, certain token smart money addresses considerably benefited from buying at $2.5 and holding.
This news is republished from https://coinaquarium.io/
