The well-known Ethereum wallet MetaMask ('Little Fox') has long been rumored to issue a native token, and now co-founder Dan Finlay has finally responded, but he continues to be reserved, stating 'still under consideration,' while smiling and saying, 'Maybe.'
Dan Finlay stated in an interview with (The Block) on Wednesday that if MetaMask does indeed launch a token issuance plan in the future, 'it will be announced through the official channels within the wallet, and users will be able to find relevant information and links directly in the wallet.' He emphasized:
We will not notify you through any social media accounts, via SMS, or by email — we do not have your phone number or email address. All information will be published through the official wallet or website.
Although the token issuance plan has not yet been finalized, Dan Finlay is also aware that under the leadership of the Trump administration, with the shift towards a more lenient regulatory environment in the U.S., more types of tokens are expected to emerge. He stated:
I hope everyone can seize this opportunity to break boundaries and explore more possibilities for the overall industry. Perhaps this is the ignition point for the next wave of excitement.
The rumors about MetaMask launching a native token have been circulating since 2021 within the developer community. At that time, engineer Erik Marks proposed the idea of achieving community governance through token issuance; by the end of that year, Joseph Lubin, CEO of MetaMask's parent company ConsenSys, posted 'Wen $MASK?' on X (formerly Twitter), sparking heated market discussions.
Cryptocurrency regulation is still in a gray area.
Even if the regulatory environment may loosen, Dan Finlay remains cautious. He admitted that former SEC Chairman Gary Gensler has repeatedly emphasized that most token issuances are essentially equivalent to securities issuances, so regardless of how the atmosphere changes, 'securities law is still securities law.'
He pointed out that many projects are still operating in the 'gray area' and issuing tokens must consider legal risks.
In the face of new competitors, MetaMask is actively upgrading the user experience.
As the world's largest cryptocurrency wallet, MetaMask has over 30 million monthly active users.
Dan Finlay mentioned that over the past year, the MetaMask team has continuously optimized user experience (UX) to respond to challenges from emerging competitors like Rainbow and Rabby. He admitted:
We are in a market that requires no permission and allows open competition, and we are aware that the competition will be very fierce.
"Is 'Little Fox' issuing tokens? MetaMask co-founder lets slip: still under consideration" This article was first published on (BlockKe).
