MetaMask co-founder Dan Finlay hints a native token is still possible, but stresses it would be announced only through the official wallet.

The token would aim to support decentralization, not hype, as MetaMask navigates legal uncertainty and competition in the wallet space.

MetaMask, the renowned Ethereum wallet, might still be considering launching a native token, despite earlier speculations and a period of silence on the matter.

While rumors of a MASK token have swirled for some time, co-founder Dan Finlay hinted at the possibility in a recent interview on the “Crypto Beat” podcast. When asked bluntly if a token is still planned, Finlay simply replied, “Maybe,” with a knowing smile.

The idea of a MetaMask token has been a recurring theme in crypto circles, with parent company Consensys aiming to promote “progressive decentralization” across its platforms, including the wallet.

Back in 2021, there were discussions about creating a MASK token and a developer DAO, which Consensys CEO Joseph Lubin also hinted at on X.

Andrew, ConsenSys has thousands of tokens on our balance sheet. ConsenSys is vigorously controlled by its employees, which includes me. And we are driving towards decentralization of several of our projects. Wen $MASK? Stay tuned. Wen objective journalism, ser?

However, the goal wasn't just decentralization but also ensuring the token wouldn't be used for hype or fall prey to airdrop farmers.

If It Happens, You’ll Hear It from MetaMask Directly

Finlay emphasized that if MetaMask does decide to launch a token, users will be notified directly through the official wallet.

“It’ll be advertised directly in the wallet,” Finlay explained. “It won’t be an email, it won’t be a text message, we don’t even have your number.”

He also cautioned against clicking suspicious links or joining Telegram groups, as scammers often set up such traps to steal tokens from unwary users.

With the current U.S. administration seen as more open to crypto and Web3, Finlay suggested that a more permissive regulatory climate could facilitate safer token launches. However, he noted that there are still legal complexities to navigate, especially concerning securities laws.

“It’s not necessarily up to the administration, but the administration could create an environment where it’s possible,” said Finlay. “But even then, you have to consider the laws that are already on the books. Even if the SEC president changes, the securities laws will still be there.”

Despite the speculation and rumors, only time will tell if MetaMask will ultimately decide to launch its own token. However, with over 30 million monthly users and about 500 team members, MetaMask remains the largest Ethereum wallet.

The team is also focused on improving the user experience as rivals like Rainbow and Rabby gain popularity.

As MetaMask continues its journey, the possibility of a MASK token and the implications for the broader crypto community remain a subject of keen interest and anticipation.