MetaMask Wallet Co-Founder Doesn't Rule Out Issuing Native Token

The team behind the popular Web3 wallet MetaMask continues to explore the possibility of launching its own native token, the project's co-founder Dan Finley confirmed in an interview with The Block.

According to him, if the token is issued, information about it will appear exclusively through the application itself in order to minimize the risks of fraud and misinformation. Finley linked the possible appearance of the token with the change in the regulatory environment in the United States. He noted that under the administration of President Donald Trump, more favorable conditions are being created for the legal circulation of digital assets, which may open the way for new tokenized models. At the same time, he emphasized that the current securities laws remain in force, and many crypto projects are still in the "gray zone", not complying with SEC requirements.

"We are closely monitoring the legal framework. It is changing slowly at the moment, but we hope that access to tokens will be simplified," he said.

The idea of creating a token for MetaMask has been discussed since 2021, when then-Consensys CEO Joseph Lubin announced plans to “transition the wallet to community governance” with a DAO and a token called MASK. However, implementation has been delayed due to legal and ethical risks associated with DeFi projects’ monetary instruments. Nevertheless, the concept of rewarding participation in the ecosystem remains relevant, especially against the backdrop of growing user activity and increasing competition from wallets like Rainbow and Rabby.