Mask Network acquired Pawoo.net, a Mastodon instance with 800,000 users.
Mask Network says this is a milestone toward building a “decentralized social media network.”
The news comes as Twitter faces increasing criticism from crypto natives.
Twitter is in chaos, so the time could be right for competitors to emerge. One company is seizing the moment with an acquisition that could be a major milestone for decentralized social media.
Mask Network, a Web3 social media company, announced the acquisition of Pawoo.net on Wednesday. Pawoo.net is one of the largest instances of a decentralized social media network, Mastodon.
The Social Coop Limited, an entity affiliated with Mask Network, will be the new owner of Pawoo.net.
Pawoo.net is the second-largest instance of the decentralized social media network Mastodon. The instance is prevalent in Japan and numbers 800,000 users.
“The Pawoo acquisition marks another milestone of the Mask team towards the building of a decentralized s
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