Consensys CEO hints at upcoming launch of MetaMask token

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The CEO of Consensys, Joe Lubin, hinted at the upcoming launch of the MetaMask token, reigniting years of speculation about the development of a digital asset specifically for this popular cryptocurrency wallet.

MetaMask, a widely used cryptocurrency wallet and browser extension, currently serves over 30 million active users monthly worldwide. This wallet allows access to decentralized applications on Ethereum and compatible networks.

Rumors about the MetaMask token have been circulating since 2021. This potential token is part of the trend of wallet providers developing digital assets to decentralize governance and reward user participation.

Consensys, a blockchain software company specializing in tools on the Ethereum platform, operates a significant portion of the Ethereum infrastructure through MetaMask and the Infura service. The company supports transaction volumes of up to billions of dollars on layer-2 networks, including Linea and Base.

Recent integrations of MetaMask include native wallet stablecoins and payment cards, reflecting the effort to bring cryptocurrency closer to mainstream users. These developments are also in line with the overall industry trend of rewarding token holders and expanding participation in the ecosystem.

Thạch Sanh

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