BCGAME - Free 5BTC Daily Bonus!MetaMask Institutional, the web3 wallet for organizations powered by ConsenSys, announced on March 22 the launch of its institutional staking marketplace in partnership with Allnodes, Blockdaemon and Kiln.
In a release, ConsenSys highlighted that the marketplace will also leverage ConsenSys' own technology with ConsenSys Staking (formerly Codefi Staking).
“This first-of-its-kind platform is designed to simplify and provide unparalleled access to institutional betting. The nuances and complexity of institutional participation can deter companies from wanting to participate. The MetaMask Institutional marketplace will level the playing field by bringing these world-class partners together to provide institutions with a simple one-click betting experience,” the company wrote.
The company believes that the bet promises to be an increasingly crucial foundation within the cryptocurrency industry. The release points out that the next Shanghai/Capella upgrade is scheduled for March/April 2023 and will allow staked ETH withdrawals.
“Since the merger, the total amount of ETH staked has grown by 4 million, reaching a current total of approximately 17,7 million. In anticipation of the upgrade, Ethereum staking could see a further increase in institutional adoption as it will offer greater flexibility and control over assets.”
The novelty happens two months after MetaMask launched the staking for users.
“Last year's Ethereum Merge was one of the most profound accomplishments in Crypto's history – resulting in greater economic security, reduced energy costs and customer diversity. With the withdrawals coming soon, we believe that the institutional demand to protect the world's computer will increase. We are pleased to work with these 'best-in-breed' betting partners. We believe that MetaMask Institutional can play a unique role in providing unparalleled, seamless access to all organizations,” said Johann Bornman, Institutional Product Lead at MetaMask.
Metamask wallet (Wallet): What is it?
A Metamask Wallet is funded by the Ethereum incubator ConsenSys. It's a browser extension that works like an Ethereum wallet and installs like any regular plugin.
Once installed, it allows users to store Ether and other ERC-20 tokens, allowing them to transact to any Ethereum address. It gives users an entry point into the emerging world of decentralized finance, or DeFi, by providing a way to access DeFi apps like Compound and PoolTogether.
