TL;DR
- Dan Finlay confirmed that MetaMask is still considering launching a token, though no concrete plans exist after years of speculation.
- Any announcement or distribution of MASK would be made solely through the official wallet and website to prevent scams and fake links.
- The token would be part of a decentralization strategy by Consensys, with a DAO focused on funding initiatives, not governance.
MetaMask is back in the spotlight following statements from its co-founder, Dan Finlay, who confirmed that the team is still evaluating the possibility of launching its own token.
Although the idea has been circulating since 2021, there’s no clear plan to move forward with it yet. Finlay clarified that, if they ever proceed, both the announcement and access would happen exclusively through the official wallet and website, with the goal of protecting users from scams and misleading messages.
The hypothetical token, tentatively called MASK, would be part of a strategy Consensys — MetaMask’s parent company — has been exploring for years to decentralize its products. The initiative includes the creation of a DAO, not as a governance body but as a funding mechanism to support community initiatives. Finlay emphasized that any future token distribution would avoid mechanisms designed to exploit airdrops, a practice that has sparked controversy in other projects.
MetaMask Moves to Stay Ahead Amid Fierce Competition
In a recent interview, Finlay noted that the current regulatory environment in the United States, under a more permissive administration, allows for token launches with reduced legal risks. However, he warned that many initiatives still operate in legally ambiguous territory and that securities laws remain in force, regardless of political changes.
30 Million Active Users
MetaMask currently has around 30 million monthly active users and roughly 500 employees. The company has faced strong competitive pressure over the past year. Alternatives like Rainbow and Rabby have gained ground, forcing the team to accelerate user experience improvements to stay relevant. Finlay acknowledged that the wallet operates in a permissionless environment where competition can escalate quickly, making it crucial to stay ahead.
The potential launch of MASK has fueled speculation for years, driven by public comments from Consensys executives. However, Finlay stressed that any updates would be communicated transparently and would avoid unofficial channels. In his view, unchecked speculation only benefits scammers, and the priority is to prevent users from falling victim to fraud.
