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REGULATION
by
3 years ago

MetaMask Success Story

2022-11-02

REGULATION
by
3 years ago


MetaMask is a cryptocurrency wallet that are using for cryptocurrency applications and using for cryptoeconomy. Like Venmo is using in economy of the United States.

 

MetaMask founded by Joseph Lupin. Today people are buying and selling NFTs using MetaMask. People also lending and borrowing cryptocurrencies using MetaMask. It is the most popular and fastest growing cryptocurrency wallet.

 

ConsenSys founded by Joseph Lupin is the developer and the owner of MetaMask. Lupin is also a co-founder of Ethereum. He studied electrical engineering and computer science from Princeton University. After graduated he go to work for Goldman Sachs.

 

He knew about cryptocurrency after reading Bitcoin Whitepaper in 2011. He is one of the eight co-founders of Ethereum.

 

Vitalik Buterin the founder of Ethereum is currently developing Ethereum 2.0 to scale Ethereum’s bottleneck transaction problem. Another founder Charles Hotkinson later founded Cardano. Gavin Wood left Ethereum to pursue his own vision to build Polkadot. Whereas, Joseph Lupin go to build MetaMask.

 

MetaMask make it easy to store and transact cryptocurrencies. In 2022 there are 21 million active users for MataMask accounts. ConsenSys valuation is $3.2 billion.

 

In terms of earnings, MetaMask earns money from swap fees of approximately 0.3-0.875% per transaction value.

 

Joseph Lupin is one of the success stories for cryptocurrency community. His net worth is estimated at $5 billion.

 

 

 

References

- https://earthweb.com/metamask-statistics/

- https://en.wikipedia.org/wiki/Joseph_Lubin_(entrepreneur)

- https://en.wikipedia.org/wiki/ConsenSys

- https://www.forbes.com/sites/laurashin/2018/02/07/joseph-lubin-ethereum-ether-consensys-crypto-cryptocurrency/?sh=129d677c3575

 

 

 

 

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