MetaMask Institutional Solution: A Comprehensive Review of Q1 2023

On April 18th, MetaMask Institutional Solution MMI (MetaMask Institutional) released a Q1 2023 review, which includes new features such as portfolio dashboard, account bundling for NFT views, authentication and login, and Institutional Stacking market. In terms of data, the eight week user retention rate of MMI expansion exceeds 65%, which is an indicator closely monitored by the team. The use of MMI to deploy assets on the chain (AUD) increased by 89.17%. Meanwhile, the MMI team expects an annual revenue growth of 25.87%.

Meta Mask Institutional Solution MMI Releases Q1 2023 Review, Chain Assets Increase by 89.17%

In April 2023, MetaMask Institutional Solution (MMI) released its Q1 2023 review, introducing some exciting new features and showcasing growth mainly driven by the team’s focus on user retention and asset deployment. According to the report, the introduction of new features such as a portfolio dashboard, account bundling for NFT views, authentication and login, and Institutional Stacking market has helped meet the needs of the users, leading to high retention rates. Additionally, the usage of MMI to deploy assets on the chain has significantly increased in the past quarter. In this article, we will take a detailed look at MMI’s Q1 2023 report, focusing on the features, growth indicators, and revenue growth projection.

Overview of MetaMask Institutional Solution: MMI

MMI takes the access and ease of use of MetaMask and tailors it to the specific needs of institutional investors. It provides an intuitive user interface to manage digital assets like tokens and NFTs. Additionally, it provides a sophisticated suite of tools, empowering users to manage the high costs of individually acquiring digital assets. The MMI aims to make institutional market participation more accessible by providing advanced storage and security solutions, making the participation of institutional investors in the crypto ecosystem simple, secure, and seamless.

New Features Introduced by MMI

The Q1 2023 report highlights several new features introduced by MMI to enhance the user experience. The MMI team takes pride in its commitment to continuously improve and innovate the platform, and this is evidenced by the new features launched in Q1 2023. Below, we outline these new features briefly.

Portfolio Dashboard

The MMI portfolio dashboard provides a comprehensive view of a user’s holdings and offers gain/loss analytics for assets held. It enables institutional clients to track performance against their returns objectives, displaying asset allocation and portfolio performance data, among other data.

Account Bundling for NFT Views

MMI’s account bundling feature groups NFT ownership, allowing for multiple related NFTs to be bundled and listed under one view. This streamlines viewing, categorizing, and management of NFTs, which, by nature, are often unique and dissimilar to each other.

Authentication and Login

Institutional clients demand sophisticated security features for their crypto investments. Authentication and login were introduced to the MMI user flow for added security, setting entry points that require identification to ensure only authorized users access an account.

Institutional Stacking Market

In its Q1 2023 review, MMI introduced a new feature that is set to attract institutions looking to earn additional income from their held assets. The institutional stacking market will enable MMI clients to pledge their crypto assets as temporary collateral to significant asset managers and earn yields while participating in funding pools.

Growth Indicators and Key Metrics

In Q1 2023, MMI experienced steep growth, accredited mainly to its commitment to user retention and asset deployment. The report’s data indicates that the eight-week user retention rate of MMI expansions is over 65%, a significant jump from the previous quarter with constant growth trajectory. MMI experienced an 89.17% increase in the use of MMI to deploy assets on the chain (AUD). Also, the report reveals that the customer acquisition cost remained low, indicating that MMI’s marketing tactics are solid.

Revenue Growth Projection

Finally, the Q1 2023 report outlined the revenue growth projection that the team at MMI is confident of achieving. MMI has revised last year’s revenue growth from 21.5% to 25.87% for 2023, indicating steady growth ahead. The report attributes this growth projection to the new feature releases, which have increased client stickiness, product satisfaction, and loyalty, leading to a higher customer lifetime value.

Conclusion

The Q1 2023 review released by MMI highlights the team’s unwavering commitment to innovating and improving the institutional investment experience for its clients. The new features introduced push the platform closer to providing a seamless and secure digital asset management experience. This is further supported by the growth indicators and key metrics highlighting the substantial growth in user retention and increased asset deployment. The revenue growth projection further cements MMI’s position as a rapidly growing player in the institutional crypto asset management space.

FAQs

1. What is MMI?
A: MMI is the institutional version of MetaMask, developed to streamline institutional investors’ digital asset management experience, making it more secure and user-friendly.
2. What new features were introduced by MMI in Q1 2023?
A: MMI introduced several new features such as a portfolio dashboard, account bundling for NFT views, authentication and login, and Institutional Stacking market.
3. What are the key metrics indicating MMI’s growth in Q1 2023?
A: MMI experienced an 89.17% increase in the use of MMI to deploy assets on the chain (AUD), and the eight-week user retention rate of MMI expansion is over 65%. Additionally, the customer acquisition cost remained low, indicating that MMI’s marketing tactics are solid.