Encrypted Messaging Protocol Mask Network Acquires Mastodon Server Pawoo.net

Pawoo.net is the second-largest instance on Mastodon with 800,000 users.

AccessTimeIconDec 21, 2022 at 8:01 a.m. UTC
Updated May 9, 2023 at 4:04 a.m. UTC

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.

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.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Oliver Knight

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.