Ethereum-based wallet MetaMask’s parent company ConsenSys revealed on March 15 that the wallet’s monthly active users have grown to 30 million. This comes as ConsenSys raised a whopping $450 million in its latest funding round, the firm announced via a press release Tuesday.
MetaMask’s MAUs have grown by over 42% in just four months after the wallet achieved 21 million active users in November. Region-wise, some of the most active users of MetaMask come from the United States, the Philippines, Brazil, Germany, and Nigeria.
The latest growth in the wallet’s user base suggests an increase in demand in NFT, DeFi, and DAO-related space. In the future, MetaMask plans to launch a Decentralized Autonomous Organization (DAO) as well as its own token. ConsenSys CEO Joe Lubin told Decrypt in an interview:
“There is a DAO that is being formed right now in the context of MetaMask. It won’t govern MetaMask, but it will enable the creation of novel new pieces of MetaMask to be funded.”
Meanwhile, ConsenSys has raised $450 million in a Series D funding round that has taken the company’s total valuation to $7 billion. The fundraising has more than doubled the company’s November valuation when it closed a $200 million Series C round.
This time, existing investors Third Point, Marshall Wace, TRUE Capital Management, and United Talent Agency’s venture fund were joined by Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures.
Per the press release, the funds raised will be converted to Ethereum in order to balance out the ratio of ETH to USD-equivalents in ConsenSys’ treasury. The firm will also hire more personnel and continue to fast-track Web3 adoption.