A company affiliated with the Mask network, an encrypted protocol for messaging and crypto transfers, has acquired Pawoo.net, the second largest Mastodon server.
The Social Coop Limited, a company, belongs to mask network, has recently bought Pawoo.net. Starting December 21, the new team will take over management of the second largest instance of Mastodon, with no disruption to existing users.
Pawoo.net started operating in Japan in 2017 and has been providing its services to many novelists, music enthusiasts, illustrators and anime fans. Currently, Pawoo.net has a user base of 800,000. in between, Mastodon There are 1.9 million monthly active users.
The Mask Network was created in 2017 and is developed as a Web 2.0 support for Web 3.0 decentralized applications and payment networks, secure social networking, and file storage.
Mask Network has raised over $50 million from investors. Its indigenous token (MASK) is currently trading at $2.27 on major exchanges.