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Metamask Is Launching Its Token

Consensys is going for further decentralization of its projects.

Ethereum co-founder and the founder of Consensys, Joseph Lubin has announced that Metamask is going to have its own token called MASK.

In the conversation on Twitter, CoinDesk journalist Andrew Thurman argued that it might not happen because JP Morgan owns 10% of Metamask and is apprehensive of having tokens on its balance sheet.

But, Lubin emphasized that Consensys is driven by its employees collectively and is looking for further decentralization of the company’s projects.

Metamask is one of the premier non-custodial wallets used to interact with Decentralized Applications (DApps). As per DappRadar, it ranks 8th among all the Decentralized Finance (DeFi) Apps.

A couple of months ago, Consensys had revealed that Metamask had crossed 10 million monthly active users, recording a 19x growth, from July 2020.

India is among the top 15 countries when it comes to the number of users.

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