MetaMask plans to launch a DAO and issue tokens; developer ConsenSys raises $450 million

The CEO of the cryptocurrency software company ConsenSys, Joe Lubin, was interviewed by the media outlet Decrypt on the 15th, discussing a series of future development plans for the crypto wallet MetaMask, including the establishment of a DAO and token distribution. At the same time, ConsenSys also announced raising up to $4.5 billion in funding, with a current valuation exceeding $7 billion.

MetaMask Future Plans

As the most widely used blockchain wallet today, MetaMask has surpassed 30 million monthly active users, showing a growth of 42% in just 4 months. Joe Lubin, the CEO of ConsenSys, mentioned in an interview with Decrypt that MetaMask is pursuing a "progressive decentralization" approach, focusing on security and improving some of the cumbersome interface designs.

MetaMask will also introduce a decentralized autonomous organization (DAO), not to manage MetaMask but to provide funding for adding new features to MetaMask. Additionally, Joe Lubin confirmed plans for a token launch, although specific dates for these plans have not been finalized.

ConsenSys Secures $450 Million Funding

ConsenSys announced on the 15th that it has completed a $450 million Series D funding round, valuing the company at over $7 billion. The round was led by ParaFi Capital, with new investors including Temasek, SoftBank, Microsoft, and other well-known enterprises.

The proceeds from this funding will be converted to ETH and the ratio of ETH to USD and other equivalent assets will be rebalanced according to ConsenSys' fund strategy. The funds will be used to support the ongoing development of Ethereum tools like MetaMask and Infura, as well as to expand global recruitment efforts.