MetaMask: The countdown for the token launch begins

In the crypto world, rumors about a new token from the popular wallet provider MetaMask are causing a stir. Joe Lubin, co-founder of Ethereum and CEO of Consensys, recently made headlines with the statement that the long-awaited token could appear "soon"—possibly sooner than many expect. This news immediately triggered speculation among traders eagerly anticipating when the launch will actually take place. Currently, a prediction market on Myriad Markets assesses the likelihood of the token launching before November 1 at about 32%—a sign that traders are somewhat skeptical about a short-term launch. Meanwhile, users on Polymarket estimate the probability of a launch by the end of the year at 46%. Lubin shared his thoughts on the token in an interview with The Block, suggesting that a proprietary token, possibly named MASK, is part of MetaMask’s decentralization strategy. MetaMask was launched by Consensys in 2016 as part of a broader network of Ethereum-focused projects and has since become an essential business module for the company. In 2022, Consensys highlighted MetaMask as a growth driver during its Series D funding round, which was valued at seven billion dollars. Despite the eager anticipation, MetaMask remained cautious about making an official announcement and even warned against fraudulent airdrop offers. In parallel, the company continued to introduce new features such as staking and bridging, which many view as preparations for a broader token economy. A sign of this is the recent launch of the stablecoin mUSD, which is based on Ethereum and the Linea network. These steps seem to set the stage for an impending token launch and its integration into the existing infrastructure. However, some critical factors surrounding the token remain unclear. Nevertheless, the hints are growing stronger: a MetaMask token, according to Lubin’s confirming statements, seems to be within reach.