Share this article
Encrypted Messaging Protocol Mask Network Acquires Mastodon Server Pawoo.net
Pawoo.net is the second-largest instance on Mastodon with 800,000 users.
Updated May 9, 2023, 4:04 a.m. Published Dec 21, 2022, 8:01 a.m.
Social Coop Limited, an entity affiliated with Mask Network, a protocol that allows users to send encrypted messages and cryptocurrency transfers across social media, has acquired Pawoo.net, one of the largest instances/servers on social media site Mastodon, according to a blog post.
The cost of the acquisition remains undisclosed but the new team will take over operations on Dec. 21, the blog post said.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Japan-based Pawoo is the second-largest instance, which is another term for an internet server, on Mastodon with around 800,000 users.
Mastodon has rapidly increased in popularity since Elon Musk took over Twitter in October. Musk controversially restricted users that promoted Mastodon and other social media websites, a decision that he admitted "was a mistake" during a Twitter spaces on Wednesday.
Mask Network, which said the acquisition will help build a "decentralized social network and a free, open internet," has raised almost $50 million from investors since its launch in 2017, according to Crunchbase.
The Mask Network's native token, MASK, is currently trading at $2.28 having dwindled by 1.08% over the past 24-hours, according to CoinMarketCap.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bhutan Debuts TER Gold-Backed Token on Solana
The Himalayan kingdom introduced TER, a Solana-based token backed by physical gold and issued through Gelephu Mindfulness City.
What to know:
- Bhutan introduced TER, a sovereign-supported gold-backed token issued via Gelephu Mindfulness City and custodied by DK Bank, offering a blockchain-based representation of physical gold.
- The token runs on Solana, giving international investors digital portability and on-chain transparency while mimicking the experience of traditional gold purchases.
- TER follows Kyrgyzstan’s USDKG launch, highlighting a growing trend of smaller nations issuing asset-backed digital currencies tied to audited reserves as part of broader economic and technological strategies.
Top Stories
