MetaMaskCoin on the horizon? – Within the cryptosphere, we no longer present the MetaMask walletso this digital wallet has become an essential ally for users ofEthereum (ETH) and then many other blockchains afterwards. According to company executives ConsenSysbehind the development of MetaMask, the wallet could soon know its decentralization by DAOas well as being equipped with its own token.
Since its initial launch by ConsenSys in 2016, the wallet MetaMask has come a long way. Initially specially designed for the network Ethereumthe wallet also allows the use of other blockchains compatible with theEthereum Virtual Machinesuch as BNB Chain (formerly Binance Smart Chain).
MetaMask has therefore become an essential tool for interacting with smart contracts decentralized applications (dApps) of the Web3. Its recent progress is even more impressive. As Decrypt reports in particular, between November 2021 and this month of March 2022, the wallet went from 21 to 30 million monthly active users. That is an increase of more than +42% in just 4 months.
According to the CEO of ConsenSys, Joseph Lubineven if the security of course remains the first priority of the MetaMask wallet, the project is also pursuing a “gradual decentralization”. There would also be talk of a next improved interface for the digital wallet.
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DAO and native token for Ethereum’s best-known wallet
As part of its decentralization, which will decrease the role of ConsenSys while increasing that of the crypto community, MetaMask plans to implement its decentralized autonomous organization (DAO).
This passage in DAO would be accompanied by a clean token to the wallet, according to the one who is also co-founder of Ethereum:
“There is a DAO that is being formed right now for the MetaMask ecosystem (…) It will not govern MetaMask, but it will fund the creation of new features. (…) MetaMask intends to launch its token. »
Joseph Lubin, CEO of ConsenSys
Although a DAO would undeniably be one more in terms of decentralization of the MetaMask wallet, the funding of its development is a priori not likely to have any problems. Recall that just a few days ago, his development company ConsenSys successfully raised nearly half a billion dollars.
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