MetaMask token coming soon, says ConsenSys’ Joseph Lubin 

Crypto wallet MetaMask will launch its native cryptocurrency soon, ConsenSys CEO and Ethereum co-founder Joseph Lubin said during “The Crypto Beat” podcast by The Block. MetaMask’s token is expected to serve multiple purposes within the wallet ecosystem. It could provide governance rights, allowing users to vote on product decisions, feature updates, or community initiatives.

Previously, on September 10, ConsenSys conducted a token generation event for its Ethereum layer‑2 project, Linea, distributing over 9.36 billion LINEA tokens. The team kept roughly 15% for itself, allocating the remainder to developers, liquidity programs, and incentives designed to support usage and growth across Linea and Ethereum-based projects.

ConsenSys launched MetaMask in 2016, and currently, the wallet has more than 100 million users globally. A MetaMask token has been anticipated since around 2021, when developers floated the idea of giving the community a stake in the wallet. To date, MetaMask has not provided details on how the token will be structured, how it will be distributed, or who will be eligible, and no official launch date has been announced. 

This isn't ConsenSys's first foray into tokenization. Lubin also leads SharpLink Gaming, the second largest Ethereum treasury company after BitMine, with  837,230 ETH valued at over $3.7 billion. Currently, SharpLink’s market value is about 80% of the value of its Ether holdings, meaning the stock is trading below the net asset value. CEO Joseph Chalom described this gap as a temporary market fluctuation and noted that the company can manage liquidity through tools such as share buybacks and equity-linked financing without issuing large amounts of new stock. By their calculation, the Ether value per share has risen from 2.0 in early June to 3.95.