Interest surrounding a potential MetaMask token has started growing again, a year after it was confirmed by Joseph Lubin, founder of the parent company ConsenSys.
Anticipation for a new cryptocurrency has accompanied surging demand for decentralised wallets, like MetaMask, following the demise of crypto exchange FTX.
MetaMask competitor Trust Wallet has experienced a successful week with its TWT token up 100% in the past seven days. At the time of writing, it had made the most gains out of all the top 100 cryptocurrencies.
TWT to USD
Meanwhile, MetaMask has continued to develop its own platform. Its recent addition is an arbitrage bridge product that automates cross-chain transfers.
Metamask airdrop details
In response to speculation that MetaMask would not release a MM token, Lubin suggested on Twitter that a cryptocurrency was in the works.
He tweeted: “We are driving towards decentralisation of several of our projects. Wen $MASK? Stay tuned.”
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?
— Joseph Lubin (@ethereumJoseph) November 8, 2021
The cryptocurrency community is now predicting a potential airdrop for the MASK token.
Airdrops.io said: “Rumour has it that making a swap on the platform would make you eligible for an airdrop once they create their own token.”
It also recommended bridging assets between different networks and to make swaps on all blockchains supported by MetaMask.
Advice from community members on Twitter recommended interacting with ConsenSys’s other products. This included signing up to its blockchain API product Infura and donating to its grant platform Gitcoin.
Its important for investors to remember that at the time of writing this is all speculation. The MASK token has not been confirmed, let alone an airdrop event. Investors should bear this in mind before participating in any potential airdrop criteria.
A new bridge product
As the bullish MetaMask community awaits more token details, the platform has launched a bridge aggregator.
MetaMask said in a statement: “Similar to how flight aggregators help you find the cheapest and/or fastest flight, MetaMask Bridges helps you find the cheapest and/or fastest route so you know you’re getting a good deal.”
User security is paramount to MetaMask.
Each of the bridges available on the platform has been curated for security and decentralization.
More bridges may be added moving forward.
— MetaMask ???????? (@MetaMask) November 9, 2022
The wallet has first released its beta version which supports up to $10,000 per transfer and supported tokens include ETH, DAI, MATIC and others.
It is currently only functioning four different blockchains: Ethereum (ETH), Avalanche (AVAX), BNB Chain (BNB) and Polygon (MATIC).
While this bridge has already launched, MetaMask has yet to release any details about a MASK cryptocurrency, including tokenomics or a potential release date.
ETH to USD
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