Metamask token confirmed: Are you positioned for the airdrop?

MetaMask token confirmed as ConsenSys receives investment from Microsoft. Ethereum software developer ConsenSys’ valuation has risen to $7 billion. This news is currently making the rounds after the New York-based company raised $450 million in its Series D funding round.
But that’s not all, as Joe Lubin confirmed that there will soon be a MetaMask token. More details to follow here and now!

MetaMask developer ConsenSys is seeing aggressive growth. The massive fundraising was led by blockchain-focused investment firm ParaFi Capital. The list of investors includes tech giant Microsoft and SoftBank’s Vision Fund. ConsenSys is best known for developing the popular MetaMask wallet. Back in November, the company reached a valuation of $3.2 billion in its Series C funding round.

Even then, ConsenSys raised $200 million from big-name investors such as banking giant HSBC and British hedge fund Marshall Wacemit. These figures show that ConsenSys has long since ceased to be just a small startup from the crypto scene. The company plans to expand its workforce to 1,000 employees by the end of the year. With the help of the recent influx of capital, ConsenSys will also focus on scaling its flagship product Infura. Infura is an API and developer tool developed by ConsenSys to provide fast and reliable access to Ethereum and IPFS networks.

Joe Lubin confirms the MetaMask token

It has also been revealed that MetaMask is set to receive a “major redesign” later this year. The company released the news shortly after the popular wallet recently surpassed the 30 million active monthly users mark. The figure reflects a 42% growth in the last four months and underscores that ConsenSys is positioning itself as a major player in the emerging Web3 economy.

In a statement, ConsenSys let announce:

A global user base relies on MetaMask to shape and collect NFTs, join DAOs, and participate in DeFi protocols. The United States, the Philippines, Brazil, Germany and Nigeria are some of MetaMask’s most active markets.
According to Joe Lubin, CEO of ConsenSys and co-founder of Ethereum, MetaMask is pursuing “progressive decentralization” with a focus on security and improving an interface that some consider clunky.
In other notable news, MetaMask is reportedly looking to launch a Decentralized Autonomous Organization (DAO).

Joe Lubin stated in this regard:

There is a DAO that is being formed right now in the context of MetaMask. It will not own MetaMask, but it will enable the creation of new parts of MetaMask that can be funded. Lubin did not provide further details about the DAO or a date for its launch, but confirmed that MetaMask intends to launch its own token as part of it. With this, the persistent rumors surrounding a MetaMask token may have finally come true.