Dan Finlay, co-founder of MetaMask, announced that the idea of a native token that has been discussed for a long time is still being evaluated and that if a token is issued, it will be announced directly from the wallet.
Dan Finlay, co-founder of MetaMask, one of the most popular Ethereum (ETH) wallets in the world, made important statements about the long-discussed MASK token. In an interview with The Block, Finlay mentioned that the MetaMask team has not yet reached a clear decision but that they are still keeping this idea on the table.
MetaMask's parent company Consensys has long planned to support the release of its products with a token in line with its 'progressive decentralization' strategy. Dan Finlay stated that it is possible to issue a token for MetaMask within this approach, saying, 'If we ever issue a token, we will announce it directly within the MetaMask wallet. The link related to the token will be accessible from the wallet.'
Token claims and security concerns
MetaMask previously brought up the idea of a token called MASK in public in 2021. This plan was also supported by the company's CEO, Joseph Lubin, through tweets like 'Wen $MASK?', but no concrete steps were taken afterward. In statements made in 2022, it was noted that the token was designed not as a 'fundraising' purpose, but as a decentralized funding mechanism.
However, Finlay emphasized that despite the positive changes in current regulations, the token issuance processes are still in a 'gray area' and clearly warned users about potential fraudulent activities:
Speculation is the worst part of this because it gives scammers the opportunity to target users. Announcements will not be made via social media accounts or emails, but only through our wallet.
MetaMask, as of 2024, is the largest crypto wallet in the world with approximately 30 million active users per month. Finlay stated that they continuously offer innovations to improve user experience and that the competition is quite intense.