MetaMask splits into an independent entity, Consensys focuses on institutional protocols and Ethereum software

Odaily Planet Daily News: Ethereum software company Consensys has announced the spin-off of its flagship wallet MetaMask into an independent entity, with founder Joe Lubin serving as CEO. The original Consensys has been renamed as a new entity focused on institutional protocols and Ethereum software, led by longtime executive Mike Kriak. Joe Lubin stated that the split was due to MetaMask's consumer business value accumulating at a pace far exceeding that of other business divisions. MetaMask has expanded from an Ethereum wallet into a platform supporting multiple assets and Mastercard debit card payments, and has also launched businesses such as perpetual contracts and prediction markets.