Rainbow plans to launch its native token RNBW in the fourth quarter

According to Odaily Planet Daily, the non-custodial crypto wallet Rainbow announced that it will launch its native token RNBW before the end of this year. This release comes shortly after Consensys founder Joe Lubin confirmed that MetaMask is preparing the MASK token. The Rainbow team stated that RNBW is part of the "third phase" and will also launch DeFi holdings management, multi-chain support, real-time price and instant balance updates, and introduce perpetual contract trading powered by Hyperliquid. Rainbow launched a points program in 2023 to attract users, and in 2022 completed an $18 million Series A financing round led by Seven Seven Six, a fund founded by Reddit co-founder Alexis Ohanian.