Ethereum co-founder and Consensys founder Joseph Lubin has announced the launch of the 'Network State' project, aimed at promoting personal sovereignty in the decentralized Web3 and AI-driven global economy.
Overview of the 'Network State' Initiative
The 'Network State' project was announced on November 14 and is hosted on Consensys' zkEVM rollup Linea. Lubin describes the project as a paradigm shift aimed at supporting personal sovereignty and building equitable communities through blockchain technology. The initiative allows users to declare various forms of sovereignty via the Sovs.xyz platform.
Launch of Infura DIN as AVS on EigenLayer
Consensys is also advancing its Decentralized Infrastructure Network (DIN) project, now operational as an Actively Validated Service (AVS) on the EigenLayer platform. This move significantly reduces development costs, enhances accessibility, and improves reliability. DIN serves as a decentralized Web3 API marketplace, allowing developers to connect to major blockchains.
Crypto Regulation Prospects Under Trump's Administration
Lubin believes that with Donald Trump's election as President, crypto regulations might become less stringent. He expects a new SEC composition could positively impact the crypto industry, reducing legal costs and easing the regulatory environment.
Consensys' initiatives represent a significant step forward in decentralized technologies. In the future, these changes could considerably impact Web3 infrastructure and crypto regulation.
