MetaMask Token Confirmed, DAO in the Plans

The popular Ethereum wallet “MetaMask” is officially launching its own token, as confirmed by  Consensys CEO Joseph Lubin. The team will also reportedly launch a decentralized autonomous organization (DAO) for funding the wallet’s growth.

MetaMask competes with other self-custodial wallets like MyEtherWallet and Coinbase Wallet for interacting with web 3. Individuals and institutions can use the wallet to use Ethereum and other smart contract chains for minting NFTs, accessing DeFi, and other things.
Though DAOs are typically conceived as an alternative governance model (in contrast to more hierarchical corporations), MetaMask’s DAO will not dictate the project’s growth. Rather, it will simply serve as a funding mechanism, like various donation-focused DAOs have done before. Not many details were provided about the DAO aside from that.
MetaMask’s token – which has been faked in the past – has also had little revealed about it. Some hope that it will unfold like the Un

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