{"id":89080,"date":"2025-09-19T10:20:10","date_gmt":"2025-09-19T07:20:10","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89080"},"modified":"2025-09-19T13:37:09","modified_gmt":"2025-09-19T10:37:09","slug":"consensys-chief-mask-token-to-launch-very-soon","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/consensys-chief-mask-token-to-launch-very-soon\/","title":{"rendered":"ConsenSys chief: MASK token to launch very soon"},"content":{"rendered":"

Ethereum co-founder and ConsenSys CEO Joseph Lubin said<\/a> that the Web3 wallet provider MetaMask is preparing to launch a native token in the near future.<\/p>\n

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\u201cThe MASK token will appear soon \u2014 perhaps sooner than you expect right now. [\u2026] And it is closely tied to the decentralisation of certain aspects of the MetaMask platform,\u201d Lubin noted on The Crypto Beat podcast by The Block.<\/p>\n<\/blockquote>\n

He said the company backs developers\u2019 efforts to keep strengthening Ethereum\u2019s decentralisation. ConsenSys is leveraging MetaMask, Infura and Linea to preserve that principle at the core of the ecosystem.<\/p>\n

Many in the crypto community have long expected a token from the most popular Web3 wallet. The idea dates back at least to 2021, when developer Erik Marks proposed<\/a> a \u201cpublic ownership\u201d concept via a native cryptoasset.<\/p>\n

In May, project co-founder Dan Finlay said<\/a> that if a launch happens, the decision will be announced exclusively inside the app \u2014 with no mailouts or social posts. That would minimise the risk of fraud.<\/p>\n

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\u201cYou will be able to find the link directly in the wallet,\u201d he stressed.<\/p>\n<\/blockquote>\n

Finlay had earlier noted that a token launch was not yet determined. Lubin\u2019s comments on the podcast, however, suggest the plan to release MASK has been agreed and is likely in its final stages.<\/p>\n

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\u201cWith the token launch we have an opportunity to do fairly significant things,\u201d the head of ConsenSys said.<\/p>\n<\/blockquote>\n

Earlier this month the firm-backed Layer-2 solution Linea launched a native token<\/a>. As part of the TGE, more than 9.36 billion LINEA were distributed to eligible addresses.<\/p>\n

The company received only 15% of LINEA tokens, Lubin stressed. The rest was directed to developer support, liquidity provision and activity incentives across the Linea and Ethereum ecosystems, with an emphasis on community growth.<\/p>\n

Lubin and SharpLink<\/h2>\n

Joseph Lubin commented on the current results of the Ethereum-focused company SharpLink Gaming, whose board of directors he chairs. <\/p>\n

The market net asset value (mNAV) ratio recently fell below 1, indicating a discount to the volume of ETH on the firm\u2019s balance sheet.<\/p>\n

\"SharpLink\"
Statistics on \u201ctreasury\u201d Ethereum companies. Source: StrategicETHReserve<\/a>.<\/figcaption><\/figure>\n

A similar dynamic is seen at other \u201ctreasury\u201d companies, including The Ether Machine and the ETHZilla Foundation. <\/p>\n

The emergence of such a trend could undermine investor confidence and spark concerns about a possible \u201cdeath spiral\u201d \u2014 a situation in which a company\u2019s shares plunge. In that case, firms find it harder to raise capital, especially given their reliance on volatile cryptoassets.<\/p>\n

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\u201cThe world moves in cycles. There are long-term trends as well. [\u2026] When we see the price of Ethereum rising, we see it at SharpLink too, as the price of ether returns to historical highs\u2026 We will see a resurgence of speculative sentiment in the market,\u201d Lubin commented.<\/p>\n<\/blockquote>\n

SharpLink executive Joseph Chalom, who also took part in the podcast, noted that the drop in mNAV below 1 is a \u201ctemporary distortion\u201d.<\/p>\n

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\u201cYou have a base asset \u2014 ETH, you can stake it and earn more than three percent in yield\u2026 That income is revenue, and in the context of a public company in the medium and long term it should create a multiplier,\u201d he explained.<\/p>\n<\/blockquote>\n