Crypto wallet MetaMask intends to issue its own token, Joseph Lubin, the CEO of developer ConsenSys, has said. According to him, the company also plans to launch a decentralized autonomous organization (DAO), which will fund the development of the project, Decrypt has reported.
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ConsenSys has previously reported it has closed a $450 million Series D funding round, which has valued the project at $7 billion. In January, the number of monthly active MetaMask users exceeded 30 million, a figure that has increased 42% in the past 4 months.
Lubin has said part of the funds raised will be used to update the design of the crypto wallet, whose new version will be launched by the end of the year.