Haciyev Reşit 
Joseph Lubin, Ethereum co-founder and CEO of Consensys, has confirmed the long-awaited development in the crypto community: MetaMask’s native cryptocurrency MASK will launch sooner than anticipated.
Lubin stated that the MASK token is not just a launch but a strategic move aimed at strengthening the decentralization of the MetaMask ecosystem. “MASK token is coming – and it may arrive sooner than you think,” Lubin said, emphasizing that Consensys, through platforms like MetaMask, Infura, and Linea, is leading Ethereum’s path toward decentralization.
MetaMask Token: A Long-Awaited Move
MetaMask, one of the most popular Ethereum-based wallets, has long been rumored to release a community token. Back in 2021, MetaMask engineer Erik Marks raised the idea of community ownership.
In May, MetaMask co-founder Dan Finlay suggested that if a token launch were to happen, it would be announced directly within the wallet. While nothing was certain at the time, Lubin’s latest comments show that the release of MASK is no longer just a possibility but an imminent reality.
Consensys’ Token Experience
Consensys recently executed a large token distribution for Linea, its Ethereum Layer-2 solution. A total of 9.36 billion LINEA tokens were distributed to eligible addresses. Lubin noted that the process was highly effective, with Consensys only taking a modest 15% share, while the rest was allocated to developers, liquidity providers, and community growth initiatives.
This example suggests that the MASK token may also be launched with a strong community-driven focus.
mNAV Discussions and SharpLink Gaming
Lubin also serves as Chairman of the Board at SharpLink Gaming, a publicly traded Ethereum treasury company. Recently, the firm’s market net asset value (mNAV) ratio fell below 1, indicating that its shares are trading at a discount compared to the ETH it holds.
According to The Block, SharpLink’s mNAV currently stands at 0.80x. This has raised concerns about investor confidence and the company’s ability to raise capital. However, Lubin argued that this is a cyclical issue and that rising ETH prices would have a positive impact on the company:
“With Ether returning to all-time highs, we will see investor confidence return to the market as well,” Lubin said.
SharpLink CEO Joseph Chalom also described the drop in mNAV as a
“temporary dislocation”, stressing that the firm remains committed to generating long-term returns from its ETH holdings.
A New Era for MetaMask
The MASK token is seen as more than just a wallet token—it represents a step toward strengthening community ownership and decentralization within the Ethereum ecosystem. With Consensys’ experience from Linea and Lubin’s statements, the launch of MASK now appears imminent.
For MetaMask users, this launch could mark a critical turning point, offering new incentive mechanisms and driving the platform’s long-term growth.
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