ChainCatcher news, the decentralized social network protocol Mask Network (Mask) announced the launch of its second fund under the venture capital arm Bonfire Union. Since its establishment in 2022, the total fundraising amount for both funds has reached $100 million.The goal of Bonfire Union is to strategically invest in decentralized social networks and infrastructure. So far, over 120 projects have joined the Mask Network ecosystem under Bonfire Union, including some of the fastest-growing Web3 projects such as RSS3, Lens, and Scroll.Mask Network founder Suji Yan stated, "Mask Network has been actively contributing to and supporting the decentralized social network community through a series of grants and donations. With the new fund, more initiatives can receive our support."

ChainCatcher news, NFT infrastructure platform Bonfire announced the completion of a $6.2 million seed round financing, with participation from NEA, Variant Fund, Palm Tree Crew Crypto, Libertus Capital, Collab Currency, Pear VC, Coinbase Ventures, Not Boring Capital, and Seed Club Ventures, as well as angel investors such as Cooper Turley, Lenny Rachitsky, Maya Bakhai, Trevor McFredries, and Cuy Sheffield.It is reported that Bonfire allows its partners to create custom NFT-integrated Web3 websites, enabling creators to attract fans by launching and publishing NFTs. The platform has currently completed its testing work. (source link)