Bonfire Union, a subsidiary of Mask Network, has raised a total of US$100 million and is about to launch its second fund

On February 19th, Mask Network announced that its investment firm, Bonfire Union, will launch its second fund. In addition, since its establishment in 2022, the total amount raised by Bonfire Union's funds has reached $100 million. Bonfire Union aims to strategically invest in decentralized social networks and infrastructure. So far, over 120 projects have joined the Mask Network ecosystem under Bonfire Union, including RSS3, Lens, and Scroll. Additionally, Mask Network and its social aggregation application, Mask X-Firefly App (Firefly), have jointly launched a $10 million builder program, dedicated to further accelerating the development of decentralized social protocols through subsidies.