Mask Network announces acquisition of Nametag, a decentralized identity and gaming extension. This strategic acquisition strengthens Mask's expanding ecosystem.
"The integration of Nametag into Mask's ecosystem marks an important milestone in our journey to provide a comprehensive decentralized identity solution," said Suji Yan, founder of Mask Network. "Nametag's cutting-edge technology in the DID space and its vibrant user base will enable us to advance Web3 identity management and create a smooth experience for users as our products migrate to Layer2."
Nametag is a decentralized identity extension platform that has been growing rapidly in the DID space. The platform allows users to create and manage personalized tags on social platforms, adding a gamification element to identity management. Nametag has integrated nearly 100,000 accounts on major platforms such as Google, X Platform, and Discord. Its Chrome browser extension and product lines such as "Tagify" and "Nametag Genesis" provide users with greater flexibility, control, and security.