Get Ready! MetaMask Crypto Wallet Will Launch Its Own Token, When Is The ICO?

MetaMask is getting ready to launch its own token. (MetaMask)

JAKARTA – MetaMask, a crypto digital wallet that uses the Ethereum network, is reportedly launching its own token. This information was confirmed by Joseph Lubin, CEO of ConsenSys as reported by CryptoPotato.

In addition, the development team also plans to launch a Decentralized Autonomous Organization (DAO) which will be used as a funding mechanism for the growth of MetaMask.

In this regard, MetaMask has to compete with MyEtherWallet and Coinbase Wallet which consumers use to interact with Web3. In addition, individuals and institutions can use the wallet to request NFT, access DeFi, and so on, both on the Ethereum network and other networks.

Until now MetaMask has 30 million monthly active users. MetaMask crypto wallet users have skyrocketed by more than 40 percent since November last year.

Reporting from Decrypt, Lubin stated that MetaMask is pursuing “progressive decentralization” while prioritizing security and improving the interface in the MetaMask wallet.

“There is a great user interface that we will be rolling out soon,” said Lubin in an interview with Decrypt.

“There is a DAO being formed right now in the context of MetaMask,” added Lubin. “It will not set up MetaMask, but will allow the creation of new chunks of MetaMask to be funded.”

ConsenSys, the owner of the MetaMask wallet, managed to raise 450 million US dollars or equivalent to Rp. 6.4 trillion in the series D funding round. However, ConsenSys did not provide more detailed information regarding the MetaMask token that will be released.