[Consensys Spins Off Flagship Wallet MetaMask as an Independent Entity] According to Fortune magazine, Ethereum software company Consensys has announced the spinoff of its flagship wallet MetaMask into an independent entity, with founder Joe Lubin serving as CEO. The original Consensys will be renamed and refocused as a new entity dedicated to institutional protocols and Ethereum software, led by longtime executive Mike Kriak. Lubin stated that the spinoff was driven by the rapid value accumulation of MetaMask's consumer business, which far outpaced other business units. MetaMask has evolved from an Ethereum wallet into a platform akin to a crypto-based new bank, introducing a 'main account' feature that supports multiple assets and Mastercard debit card spending, while also generating diversified revenue streams through perpetual contracts and prediction markets.