Injective Collaborates with Maskbook to Build New Forms of Binary Options

Injective is strategically collaborating 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). The Injective community has been communicating with the Maskbook team, especially Maskbook founder Suji Yan, to devise new avenues for users of Injective to trade on decentralized derivatives markets.

This collaboration with Maskbook will center on decentralized network data analysis and research. These efforts will enable Injective to continue on the mission of building a robust decentralized derivatives ecosystem with innovative derivative markets. From a technical standpoint, it will be important 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. Injective 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.

About Maskbook

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

Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.