Simply put
- MetaMask is a popular tool used by millions of people to navigate Web3.
- Joe Lubin, CEO of ConsenSys, said it will help future DAOs fund new parts of MetaMask.
Cryptographic software giant ConsenSys announced on Tuesday that the popular wallet MetaMask has used Ethereum and other cryptocurrencies to store Ethereum and other cryptocurrencies in Web3 applications, with more than 30 million monthly active users.
This figure reflects a 42% increase over the past four months when MetaMask reported 21 million users, as it has established itself as a major player in the emerging Web3 economy.
“”The global user base leverages MetaMask to create and collect NFTs, participate in DAOs, and participate in the DeFi protocol. The United States, Philippines, Brazil, Germany and Nigeria represent some of MetaMask’s most active markets. “
Competitors include Coinbase Wallet and MyEtherWallet MetaMask is primarily used by consumers to navigate Web3, but the service helps institutional investors to do the same for businesses and professional investors. We also provide a version for you.
According to Joe Lubin, CEO of ConsenSys, MetaMask pursues “progressive decentralization” while prioritizing security and improving the interface that some people consider to be clunky.
“We have a great user interface that will be released soon,” Lubin said in an interview. Decryption..
MetaMask will soon launch a Decentralized Autonomous Organization (DAO) as part of a plan to pursue a variety of goals. This is a popular cryptographic governance tool often referred to as the Internet community with bank accounts.
“There is a DAO currently being formed in the context of MetaMask,” Lubin added. “We don’t control MetaMask, but we can fund the creation of new MetaMask creations.”
Lubin did not provide details about DAO or its launch date, but confirmed that MetaMask plans to launch tokens.
Rumors of tokens have been swirling for months. Some early MetaMask adopters want to be eligible to receive one. While other crypto projects like Uniswap reward early users in that way, the project’s key players provide little clue as to how token activation evolves. not.
At Ethereum Denver last month, MetaMask’s Head of Operations Jacobc.eth said that the token launch was carefully proceeded. [be] Cash grab. “
ConsenSys has announced a new user count for MetaMask, one of its flagship products. On the same day, it announced that it had raised $ 450 million in Series D rounds, worth more than $ 7 billion.
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