Lubin Confirms MetaMask Token Launch Is Near

Ethereum co-founder and Consensys CEO Joseph Lubin has confirmed that MetaMask will soon launch its own token.

“The MASK token is coming, maybe even sooner than people expect,” Lubin said in an interview on The Block’s Crypto Beat podcast. He explained that the token will play a big role in making parts of MetaMask more decentralized.

Lubin added that Consensys is focused on pushing the Ethereum ecosystem toward “progressive decentralization.” He said the company is doing this through MetaMask, Infura, and Linea to make sure decentralization stays strong at the core of Ethereum.

The idea of a MetaMask token has been around for years. Back in 2021, MetaMask engineer Erik Marks suggested community ownership through a token launch. Since then, the crypto world has been watching closely.

In May, MetaMask co-founder Dan Finlay said if a token is released, users would see it promoted directly inside the wallet. At the time, he still called it a “maybe.” But Lubin’s latest comments show the MASK token is now a confirmed plan and coming soon.

Earlier this month, Consensys also launched LINEA, the token for its Ethereum Layer 2 network. Over 9.3 billion LINEA tokens were distributed to users. Consensys kept only 15% and gave the rest to builders, liquidity providers, and community incentives.

“With the token launch, we could make a real impact,” Lubin said, stressing that the goal is to grow the community around both Linea and Ethereum.

Lubin Highlights SharpLink’s Market Discount

Joseph Lubin, who also serves as Chairman of the publicly listed Ethereum treasury firm SharpLink Gaming, spoke about the company’s recent performance.

SharpLink’s market net asset value (mNAV) ratio has dropped below 1, showing that the market values the firm at less than the Ethereum it holds. Data from The Block’s crypto treasuries page puts SharpLink’s mNAV at 0.80x. Similar drops in mNAV have also been seen at other crypto treasury firms, including Bitmine and Marathon Digital (MARA).