Metamask to launch its own token and DAO

The wallet’s developers aim to progressive decentralization while keeping the priority on ensuring the safety of users

16.03.2022 - 12:15

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What’s new? ConsenSys CEO Joe Lubin has announced that the MetaMask wallet will issue its own token and launch a DAO (decentralized autonomous organization). He revealed this in an interview with Decrypt at the Camp Ethereal 2022 summit in Wyoming. Lubin added that MetaMask aims for progressive decentralization while prioritizing security and interface improvements. ConsenSys CEO did not comment on a timeline of the tokens’ issue.

Information on the Decrypt website

What had happened before? MetaMask’s developers have warned that there may be restrictions on access to the wallet for users from some countries. Last week, the wallet holders began receiving emails from unknown people who introduced themselves as the MetaMask developers. With the help of spam mailings, the attackers wanted to gain access to users’ wallets.

What is known about the wallet? MetaMask is a cryptocurrency wallet that was created in 2016 by ConsenSys. It is designed to store ETH and other assets issued on the Ethereum blockchain. In January 2022, the number of active wallet users grew to 30 million.

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