MetaMask boss confirms native token still under consideration

On May 14, MetaMask co-founder Dan Finlay stated that a native token was still a “maybe” and emphasized that any potential token launch would be advertised directly in the MetaMask wallet to avoid scams. The platform has not officially confirmed the plans to create a native crypto token, but it disclosed that there would be no airdrops or DMs.

Finlay expressed concerns about speculation fueling fraudulent schemes, noting that any official token would be clearly communicated through trusted channels like the wallet or the company’s main website.

Consensys, MetaMask’s parent company, previously explored token launches for its projects to support “progressive decentralization,” but no concrete plans for a MetaMask token were announced.

Finlay notes there is safety for more token launches under Trump

✔️ The #MetaMask team is still considering the possibility of creating its own token.

Amid the changes in the regulatory regime under the more liberal #Trump administration, “there is an opportunity to launch a lot more #tokens,” said MetaMask co-founder Dan Finley pic.twitter.com/3aWvZCszDo

— Ilya Yakovenko (@iayakovenko_) May 15, 2025

MetaMask has long discussed plans to launch a token named MASK, going back to at least 2021. The platform’s engineer Erik Marks floated the idea of community ownership of the wallet through a token launch, which was supported by ConsenSys CEO Joseph Lubin, who teased the idea with a “Wen $MASK?” tweet later that year.

However, Finlay recently noted that “there is safety for far more kinds of token launches” under a more permissive Trump administration.

Finlay stated that speculation is the worst part of the token launch rumor because it allows ” phishers ” to prey on users.

He explained that if the token ever got launched, users would not have to “find some account on social media” that they had never heard of giving them a link. The MetaMask executive clarified that all official communication would either be through the wallet or the company’s official website. There would be no text messages because the platform did not keep users’ phone numbers, and there would be no emails because the platform does not keep email records.

“Hopefully, people take this opportunity to push the boundaries and establish precedence for things that we can all be doing…Maybe that will unlock the next fun season.”

–Dan Finlay, Co-founder of MetaMask

Finlay acknowledged that gray areas remain despite cautious optimism, reminding users that securities laws still apply regardless of who is in charge at the U.S. SEC.

MetaMask warns users about deceptive token schemes claiming official affiliation 

MetaMask published a notice in early March warning users about accounts promoting its fake tokens. The platform clarified that claims suggesting the existence of its token were false and potentially harmful, emphasizing that there was currently no official token affiliated with the platform.

The warning followed the platform’s February 28 announcement claiming that scammers may be attempting to exploit its publicized native token launch. 

MetaMask previously addressed similar threats in March 2023, when the platform debunked rumors of its token airdrop, cautioning that such claims created opportunities for scams and phishing attacks. There was a possibility that the fake reports were connected to a “fireside chat” session that took place on March 14 at ETHDenver 2023 with ConsenSys CEO and Ethereum co-founder Joe Lubin. 

Entrepreneur Mark Cuban reportedly lost nearly $870K after interacting with a compromised MetaMask wallet. The platform’s users have also been targeted by address poisoning attacks, where scammers manipulate transaction histories to trick users into sending funds to fraudulent addresses.

The platform also admitted that its team is focused on improving user experience as rivals like Rainbow and Rabby pick up steam, confirming that it is pushing ahead carefully but competitively.

According to the platform’s team, the company is working to avoid “pig butchering” scams, which often occur during a period of initial social engineering when malicious actors try to build trust and rapport with the victim.

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