Just days after the Consensys-incubated MetaMask wallet said it was working to issue a native token, popular alternative non-custodial wallet Rainbow disclosed plans for its own RNBW token launch.
RNBW is expected to debut before the end of the year, according to an X post on Monday.
Rainbow’s token announcement comes amid a flurry of other improvements, including upgrades to roll out real-time pricing, instant balance updates, and improved price chart functionality in the wallet app, according to the team. The wallet is also introducing perps trading powered by Hyperliquid.
“You’ve been collecting Points for a reason,” the Rainbow team wrote. “This is just the beginning of Phase 3. We’ve got a loaded roadmap coming your way, including DeFi positions and support for more chains.”
Rainbow is an EVM-compatible browser and mobile crypto wallet designed as a user-friendly option. In late 2023, the project launched a points program in part to draw new users away from MetaMask, one of the most downloaded wallets, according to The Block’s data.
Last week, Consensys CEO and Ethereum co-founder Joe Lubin said on The Block’s Crypto Beat podcast that “the MASK token is coming … sooner than you would expect.” Likewise, Coinbase said it is considering launching a native token for Base, which conceivably could be introduced into the recently rebranded and improved Base App.
Seven Seven Six, the VC fund set up by Reddit co-founder Alexis Ohanian, led Rainbow’s $18 million Series A in 2022.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
