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Ethereum Wallet, MetaMask, Hits 30M Users – Plans DAO and Token



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MetaMask, a software cryptocurrency wallet used to interact with the Ethereum blockchain which allows users have access to their Ethereum wallet through a browser extension or mobile app, which can 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.

MetaMask has served many users, retaining its stand as an extension for accessing Ethereum enabled distributed applications or “Dapps” in users’ browsers. The extension injects the Ethereum web3 API into every website’s javascript context so that the Dapps can read from the blockchain. MetaMask also lets the user create and manage their own identities (via private keys, local client wallet and hardware wallets like Trezor), so when a Dapp wants to perform a transaction and write to the blockchain, the user gets a secure interface to review the transaction before approving or rejecting it.

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.

Crypto Discussion Group

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. Countries like the United States, 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 that 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. However, rumours of its token have been swirling for months. Some early MetaMask adopters keep thier hopes hig as they stay expectant to receive with reference to the fact that 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.

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