Key notes
- Joseph Lubin said on X that MetaMask incentive rewards were an early prototype.
- Although it hasn’t been released online yet, he also admitted that the vision behind the project is very real.
- MetaMask previously launched its stablecoin called MetaMask USD (mUSD).
Consensys co-founder and CEO Joseph Lubin recently acknowledged ongoing discussions regarding a MetaMask incentive reward. However, he clarified that the situation is not exactly as it is interpreted by community members. The crypto boss set the record straight by explaining the true nature of the incentive initiative.
MetaMask will distribute $30 million in tokens during Season 1
According to Lubin, the MetaMask incentive reward concepts were early prototypes and have not yet been put into use. At the same time, it is not possible to neglect the vision behind them, because it is very real. In the words of the CEO of ConsenSys, “it’s all about building a symbolic economy.”
“MetaMask is building the future of personal finance. We’re designing an experience that rewards people for how they already use MetaMask through meaningful incentives, perks and referrals,” he added.
The distribution of incentives has been categorized into phases, the first being Season 1, during which over $30 million worth of tokens, including $LINEA, will be distributed in many forms to users. This is a reward for the onchain activity they participate in daily, especially for users who have been engaged with the protocol since its inception.
There has been talk of a MetaMask rewards leak. These concepts were early prototypes – not real. But the vision behind them is very real. And it is above all about building a symbolic economy.
MetaMask is building the future of personal finance. We design an experience that…
– Joseph Lubin (@ethereumJoseph) October 6, 2025
MetaMask sees this as a larger evolution in how it connects, empowers and rewards its community. This will further extend to its Token Generation Event (TGE), which is planned later. This may be the right time for enthusiasts who intend to join the MetaMask movement.
Consensys exploits include mUSD and some strategic partnerships
Lubin spoke about long awaited launch of the MetaMask token, MASK. Around mid-September, he claimed that the digital asset could arrive sooner than expected.
The Layer-2 network based on Ethereum already has its own stablecoin, MetaMask USD (mUSD), which is now available on the Ethereum mainnet and the Layer-2 Linea network.
Meanwhile, ConsenSys has helped other projects grow, with the goal of supporting mainstream crypto adoption. In late September, global financial messaging network Swift announced that it had in partnership with ConsenSys develop a blockchain-based shared ledger to manage cross-border transactions.
It also has 30 other major financial institutions on the project, including JPMorgan Chase, HSBC and Deutsche Bank.
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Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about real-world applications of blockchain technology and innovations aimed at driving mainstream acceptance and global integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
