Injective Protocol is strategically partnering with Maskbook, the cryptographic tool that allows users to post and send encrypted messages on social networks.
Maskbook came to the forefront earlier this year when Ethereum founder Vitalik Buterin tweeted to his followers to use Maskbook in order to receive red packets (a monetary gift distributed during Chinese New Year). We have been speaking to the Maskbook team, especially Maskbook founder Suji Yan, to devise new avenues for users of Injective to trade on decentralized derivatives markets.
We aim to collaborate with Maskbook on decentralized network data analysis and research. These efforts will enable us to continue on our mission of building a robust decentralized derivatives ecosystem with innovative derivative markets. From a technical standpoint, we plan to delve into deeper forms of data collaboration, ECIES (Elliptic Curve Integrated Encryption Scheme), and other hybrid encryption schemes.
The Maskbook team will be providing various forms of data support to help establish new linkages among emerging trading markets. We will utilize the data collected by Maskbook to create a new form of data-level price feed, which will retrieve social media data points for the development of new binary options.
Maskbook is an open-source browser extension that enables all Internet users to create encrypted posts on social networks such as Facebook and Twitter. Maskbook, as a privacy focused browser extension, supports decentralized social networking, borderless payments, decentralized file storage and sharing, and so on.Users are able to own rights to their data without having to limit their use of social media. Most importantly, users have the creative freedom to create unique features on top of the Maskbook platform.
About Injective Protocol
Injective Protocol is the first layer-2 decentralized exchange protocol that unlocks the full potential of decentralized derivatives and borderless DeFi. Injective Protocol enables fully decentralized trading without any restrictions, allowing individuals to trade on any derivative market of their choosing. Injective Protocol is backed by a prominent group of stakeholders including Pantera Capital, one of the most renowned venture capital firms in the world, and the leading cryptocurrency exchange, Binance.
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