ConsenSys, a crypto software startup, revealed that MetaMask, their famous crypto wallet, had surpassed 30 million monthly active users. The statistic reflects a massive 42 percent rise from the wallet’s projected 21 million users four months ago, further cementing its position as a key player in the rapidly growing Web3 ecosystem.
Although MetaMask is primarily used by individual consumers to navigate Web3 by storing Ethereum and other cryptocurrencies across a variety of applications, it has expanded its client base to include large businesses and professional investors who use its services to onboard themselves onto the blockchain.
“A global user base relies on MetaMask to mint and collect NFTs, join DAOs, and participate in DeFi protocols,” ConsenSys said in a statement released after the historic milestone: “A global user base relies on MetaMask to mint and collect NFTs, join DAOs, and participate in DeFi protocols.” Some of MetaMask’s most active markets are the United States, Philippines, Brazil, Germany, and Nigeria.”
Following the success, ConsenSys CEO Joe Lubin announced that MetaMask will now pursue increasing decentralization while also focusing on improving its security and ‘clunky’ user experience. The introduction of a MetaMask DAO and token is one of these ideas, although Lubin is keeping the details of the project under wraps for the time being.