MetaMask trade overview
ZOOM 27.04.2022

About MetaMask

MetaMask is a software-based cryptocurrency wallet used to interact with the Ethereum blockchain and has over 30 m active users. Users can access their Ethereum wallet through a browser extension or a mobile app. 

The company's revenues quadrupled from $52 million in 2019 to $218 million in 2021. 

Despite ConsenSys being predominantly known MetaMask, the company manages six other leading projects in the market, including Codefi, Diligence Audit, Infura Web3, Quorum Blockchain, Truffle, ConsenSys NFT. 

It's also important to note that Joseph Lubin CEO ConsenSys is the co-founder of the second most capitalized cryptocurrency ETH - Ethereum together with Vitalik Buterin.

MetaMask features

• MetaMask allows users to create and manage wallets for Ethereum-based cryptocurrencies, including Ether (ETH) and ERC-20 tokens. Users can easily send and receive funds.
• It is available as an extension for various web browsers such as Google Chrome and Mozilla Firefox, enabling users to manage their cryptocurrency assets and interact with dApps directly from their browser.
• It provides mobile apps for iOS and Android devices, ensuring mobile accessibility and convenience.
• It facilitates interaction with decentralized applications on the Ethereum blockchain. Users can easily log in, sign transactions, and interact with various dApps, including decentralized exchanges, games, and financial platforms.
• When using MetaMask, users create their own seed phrases and set up passwords, ensuring the security of their wallets and assets.
• Users can import existing Ethereum wallets into MetaMask or export their wallets for use on other devices.
• MetaMask supports multiple languages, making it accessible to users from different countries and regions.
• Users can switch between various Ethereum networks, including the Ethereum Mainnet, test networks, and custom private networks for development.

A crypto wallet & gateway to blockchain apps

One of the key features of this wallet that has made it so popular is its seamless integration with decentralized services (DeFi): exchanges, trading platforms, and liquidity pools. 

MetaMask extension allows users to interact with platforms like Uniswap and PancakeSwap without the need for registration or identity verification.

MetaMask can be installed as a browser extension or a mobile application. You get a key vault, secure authentication, a token wallet, and an exchange – everything you need for full-fledged crypto asset management.

ConsenSys is building a Decentralized Future

ConsenSys is a leading blockchain and web3 technology company. 

Since 2014, ConsenSys has been at the forefront of innovation, pioneering technological developments within the web3 ecosystem. 

Through its product suite, including the MetaMask platform, Infura, Linea, Truffle, Diligence, and their NFT platform, ConsenSys has become a trusted collaborator for users, creators, and developers.

Companies included in the Consensys group:

Infura platform - developers use it to create and deploy their dApps without the need to manage their own node infrastructure.

Truffle - provides developers with tools for creating, testing, and deploying smart contracts.

ConsenSys Diligence - offers smart contract audit and blockchain security services. They help detect and address vulnerabilities in smart contracts and applications.

MetaMask Swaps - is an integrated exchange feature within MetaMask that allows users to easily swap tokens and digital assets directly within their wallet.

ConsenSys NFT platform - is also working on creating and managing Non-Fungible Tokens (NFTs), which are becoming increasingly popular in the world of art, entertainment, and collectibles.

ConsenSys Quorum - is a free, open-source digital ledger technology. In essence, it offers a multitude of features for building blockchain-based enterprise solutions.

Codefi helps corporate clients integrate blockchain into their business processes: digitizing assets, launching decentralized networks, and more.

Joseph Lubin on the gecentralized future.

Business Model

The main source of revenue comes from transaction fees on MetaMask, and the company also has a stable income from subscriptions to Infura. CodeFi and other services generate revenue based on completed projects or consulting.

To diversify income, ConsenSys invests its own funds in cryptocurrencies within the Ethereum ecosystem and manages a corporate venture fund to support young projects.

Investment Attractiveness

According to a company representative, its revenue for 2021 exceeded $100 million, primarily due to the growth in the number of MetaMask users driven by the expanding NFT and DeFi markets. 

Over the past year, the company raised $650 million in venture investments, increasing its valuation from $3.2 billion in November 2021 to $7 billion in March 2022.

ConsenSys Funding Rounds

ConsenSys plans to invest the capital raised during the Series D round in hiring over 300 employees, redesigning MetaMask, and expanding its rapidly growing NFT business. The company holds Ethereum and a variety of other cryptocurrencies on its balance sheet, earning annual yields ranging from 4% to 16% through staking.

Given its leading position in the market and strong interest from venture investors in established crypto projects, ConsenSys may conduct a round of funding at a valuation of $10-$12 billion in the coming year.

Market Outlook

ConsenSys is venturing into the development market of decentralised applications (DApps) based on the Ethereum blockchain. The market capitalisation of Ethereum is $350 billion (as of April 2022), making it the second-largest cryptocurrency after Bitcoin. Over the past year, the total number of Ethereum addresses has increased from 146 million to 193 million.

Additionally, Ethereum holds 77% of the decentralized finance (DeFi) market with a volume of $75 billion and approximately 80% of the NFT market with transaction volumes exceeding $54 billion.

With Mastercard, MetaMask Tests First Blockchain-Powered Payment Card 

MetaMask is testing a Mastercard payment card, which is considers to be the first entirely on-chain card. The MetaMask/Mastercard payment card would be "the first ever truly decentralized web3 payment solution," allowing users to spend their crypto "on everyday purchases, everywhere cards are accepted," according to the marketing materials.

This venture represents a collaboration between titans from distinct domains. MetaMask stands as the biggest self-custody wallet with more than 30 million monthly active users, while Mastercard is an integral component of the conventional financial system, with an expansive network of credit and debit card services across the globe.                                                     

Terms of investments

• The average duration of an investor's stay in a project is about five years. This period is unpredictable and cannot be predetermined.
• You can invest in a deal at any time as long as it is available on the Marketplace and is not Sold Out.
• An 'exit' from a transaction is possible only after the company's shares are listed on the stock exchange for trading.
• Venture investments are generally high-risk, but also highly profitable if the shares are successfully listed on the stock exchange.