[Consensys Spins Off MetaMask as an Independent Company, No IPO or Token Issuance Plans Disclosed Yet] BlockBeats News, September 9: According to a report by *Fortune*, Ethereum infrastructure company Consensys will undergo a corporate split. The consumer business will operate as an independent company under the MetaMask name, focusing on wallet and related consumer financial services. Meanwhile, the protocol and institutional Ethereum software business will form another independent entity, continuing to use the Consensys name. Consensys founder Joe Lubin will serve as the CEO of the independent MetaMask company while also taking on the role of Executive Chairman for the new Consensys. Longtime executive Mike Kriak will lead Consensys. Lubin stated that one of the reasons for the split is the faster value growth of MetaMask's consumer business compared to the company's other operations. MetaMask has evolved from an Ethereum wallet into a platform resembling a crypto digital bank, offering services such as unified accounts, debit cards, perpetual contracts, and prediction markets. As for the IPO timeline of the two companies and MetaMask's token issuance plans, neither Lubin nor company spokespersons provided specific information. [Original Article Link]