Social Coop Limited, a company closely associated with Mask Network, a decentralized protocol that enables users to send encrypted messages and cryptocurrency payments through social media, has announced the acquisition of Pawoo.net, one of the biggest servers on the social media platform Mastodon.
According to a blog post, the acquisition price has yet to be revealed, but the new team will begin operating Pawoo.net on December 21st.
This acquisition is a significant milestone for Social Coop and Mask Network as it expands its reach and influence within the social media space. Pawoo.net is a popular destination for Mastodon users, with a large and active community of users who engage in discussions on a wide range of topics. By acquiring Pawoo.net, Social Coop and Mask Network will be able to tap into this active community and potentially bring more users to their platform.
In addition to the acquisition, Social Coop and Mask Network have also announced plans to integrate their services with Pawoo.net, allowing users to easily access Mask Network’s encrypted messaging and cryptocurrency capabilities directly from within the Mastodon instance. This integration will provide Mastodon users with a seamless and secure experience, potentially driving further adoption of Mask Network’s services.
Mastodon has recently witnessed a surge in popularity, with many users flocking to the site in response to Twitter CEO Elon Musk’s controversial actions. Musk had unveiled a policy change that would restrict users who promoted Mastodon and other social media websites, a move that was met with widespread criticism. He did, however, admit that he had made a mistake.
Finally, this acquisition is a strategic move for Social Coop and Mask Network, as it allows them to expand their presence in the social media landscape and potentially attract a larger user base. With the integration of their services with Pawoo.net, they position themselves as key players in encrypted messaging and cryptocurrency transfers.
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