MetaMask’s MASK token is coming soon, says Consensys CEO

Consensys CEO Joseph Lubin said MetaMask’s native MASK token is on the way, linking the launch to the decentralization of certain wallet features.

“The MASK token is coming – it may come sooner than you would expect,” he said on The Block’s podcast. Lubin added that Consensys is aligning MetaMask, Infura and Linea around progressive decentralization.

MetaMask’s token has been watched since 2021, when engineers floated community ownership. In May, co‑founder Dan Finlay said that if a token were to launch, users would see a link inside the wallet. At the time, he kept the launch as a possibility, while Lubin’s latest comments point to a more concrete, near‑term plan.

Consensys’ Ethereum layer‑2 Linea held a token generation event earlier this month, distributing more than 9.36 billion LINEA. Consensys retained about 15%, with the rest earmarked for builders, liquidity and usage incentives across Linea and Ethereum‑based projects – a design meant to prioritize community growth.

Separately, Lubin, who also chairs SharpLink Gaming, said the market now values SharpLink at around 0.80x mNAV – in plain terms, about 80¢ on the dollar versus the ETH the company holds. He tied that discount to Ether’s price cycles. CEO Joseph Chalom called it a temporary dislocation and said the toolkit includes share buybacks and equity‑linked financing (ways to raise funds without immediately issuing lots of new stock). The pair focuses on ETH per share as a simple yardstick: by their count, it rose from 2.0 in early June to 3.95.

MetaMask has not released MASK token mechanics, distribution or eligibility criteria, and no launch date has been announced.