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Ethereum Wallet MetaMask Passes 30M Users, Plans DAO Token

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Ethereum Wallet MetaMask Passes 30M Users, Plans DAO and Token. Crypto software giant ConsenSys announced on Tuesday 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.

That 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.

“A global user base relies on MetaMask 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.

MetaMask, whose competitors include Coinbase Wallet and MyEtherWallet; primarily is used by consumers 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.

“There’s a great user interface that we’re going to launch pretty soon,” said Lubin in an interview with Decrypt.

As part of its plan to pursue its various goal, MetaMask soon will be launching a Decentralized Autonomous Organization or DAO—a popular crypto governance tool often described as an internet community with a bank account.

“There is a DAO that is being being formed right now in the context of MetaMask;” Lubin added. “It won’t govern MetaMask; but it will enable the creation of novel new pieces of MetaMask to be funded.”

Lubin did not provide further details about the DAO or a date for its launch, but did confirm that MetaMask is intending to launch a token.

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