MetaMask, a software cryptocurrency wallet used to interact with the Ethereum blockchain that allows users to access their Ethereum wallet through a browser extension or mobile app, which can then be used to interact with decentralized applications and was developed by ConsenSys Software Inc., a blockchain software company focusing on Ethereum-based tools and infrastructure has recently made a remarkable feat.
The Big 30
Taking a peek at the Blockchain space, there’s been no end to the level of interoperability that glaringly looms around there. In reality, at some point, some things are just interconnected. Considering the rate at which the Metamask space keeps burgeoning, ConsenSys CEO Joe Lubin says an upcoming DAO will help fund new pieces of MetaMask and It’s with great excitement that the Crypto software giant, ConsenSys, announced recently that its popular wallet MetaMask, which people use to store Ethereum and other cryptocurrencies with Web3 applications, now has over 30 million monthly active users.
Going by statistics, the above-stated figure reflects a 42% increase in the last four months, when MetaMask reported 21 million users, and comes as it is positioning itself to be a key player in the emerging Web3 economy.
Stay Meta and Get Better
With the growing trend within the Metamask system, a global user base relies on it however to mint and collect NFTs, join DAOs, and participate in DeFi protocols. The United States, the Philippines, Brazil, Germany, and Nigeria represent some of MetaMask’s most active markets,” ConsenSys said in a statement.
At this point, it would be worthy to note, rather than veer off the present-day reality, even with its strides, several competitors flank its side which includes: Coinbase Wallet and MyEtherWallet. The primary use of Metamask by its broad-based users has been to navigate Web3, but the service has also offered an institutional version to help businesses and professional investors do the same. According to ConsenSys CEO Joe Lubin, MetaMask is pursuing “progressive decentralization” while also prioritizing security and improving an interface that some regard as clunky.
The Goal Getter: Metamask
As part of its plan to pursue its various goals, MetaMask will soon be launching a Decentralized Autonomous Organization or DAO, a popular crypto governance tool often described as an internet community with a bank account. Regardless, rumors of a token have been swirling for months.
Some early MetaMask adopters are hoping they will be entitled to receive one while other crypto projects like Uniswap have rewarded early users in such a fashion. This notwithstanding, key figures in the project have offered few clues about how the token launch will unfold.