As MetaMask approaches its sixth anniversary, the project co-founders Dan Finlay and Aaron Davis gave an interview to Motherboard about the general state of the market and their projects.
currently Hawaiione in digital nomad MetaMask co-founder Aaron Davis, who lives as motherboardIn an interview with . Investing in cryptocurrencies is gambling.” he stated.
It’s hard to say what we have now is the future of finance, and at some point you have to transfer your life’s savings here. Many people advocate this as an investment, and I think it’s extremely dangerous behavior.
We cannot prevent users’ fraudulent activities on Blockchain
In the interview, MetaMask wallets have been around over the past few years. DeFi and NFTplayed a critical role in the rise of the which is 1 million MetaMask Number of active users per month this year to more than 30 million people reported to have risen.
in the past months Celsius and luna Speaking about the major collapses in their projects, the founders made the following statements:
Most of the crashes in this last round were formations that branded themselves as DeFi but later actually functioned as huge leveraged shadow banks. And they are not transparent. Therefore, there is no way for anyone investing in them to provide transparency.
Finlay continued his speech “We cannot block people’s “Ponzi” activities on blockchains” he confessed.
Although the “plain logic” comments and pseudo-solutions on social media have created a perception that the leading leaders of crypto alone will make this ecosystem a safe and clean place, this does not seem so easy. Still, Metamask does its best.
But Finlay is also uploading to users: “Individual users, change they want to happen in the system. their behavior and their failure to pursue greedy acts or not participating in needed”.
According to the co-founders, the recent decline in the market is due to MetaMask. caused a slowdown in user activity. “Most of our activities are related to market conditions,” Davis said. And there’s been a big pullback lately, so I think a lot of people are in trouble and thinking about what to do next.” said.
Dan Finlay recently introduced the Non-fungible token (NFT) “a form of direct-to-consumer sale of a fictitious productdefined as ”.
A cryptocurrency wallet used to interact with the Ethereum blockchain. MetaMask, users later to interact with decentralized applications It allows them to access their Ethereum wallet via a browser plugin or mobile app that can be used. MetaMask, based on Ethereum vehicles and infrastructure a blockchain software company focused on ConsenSys Software Inch. developed by and released in 2016 has been driven.