• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Token Launch for LINEA: A New Direction for ConsenSys

user avatar

by Giorgi Kostiuk

a month ago


Joseph Lubin, the founder of ConsenSys, shared the company's plans for launching tokens for its new LINEA project, sparking discussions about the potential for tokenization of other products like MetaMask.

LINEA to Lead Token Launches for ConsenSys

Joseph Lubin stated that the LINEA project will be the first product from the company to launch its own token. This announcement was in response to an inquiry about the possibility of a MetaMask token. LINEA is a zkEVM Layer 2 network, and Lubin indicated that the token launch is expected 'soon.'

Will MetaMask Have a Token?

The question of whether MetaMask will have its own token remains unanswered. Lubin did not provide a clear yes or no, but his mention of 'protocolization' suggests that such a possibility may arise in the future if MetaMask becomes more integrated with other token-based platforms.

ConsenSys' Tokenization Strategy

Lubin also outlined ConsenSys' broader tokenization strategy. He noted that the company plans to protocolize its current products and develop new initiatives that contribute to building an interconnected set of Web3 protocols that rely on tokens for governance, rewards, and usage. 'First out will be LINEA, and more will follow,' he added.

According to Joseph Lubin's statements, the future of ConsenSys is tied to a multifunctional Web3 ecosystem where tokens are crucial for governance and interactions between products like LINEA and MetaMask.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Function Completes $10M Seed Round to Enhance Bitcoin Yield Infrastructure

chest

Function raises $10M from Galaxy Digital to advance its Bitcoin yield infrastructure, providing new solutions for institutional investors.

user avatarGiorgi Kostiuk

June Inflation Hits 2.7%, Bitcoin Bounces Back to $117,000

chest

The Consumer Price Index in the US rose to 2.7% in June, impacting Bitcoin's price which fluctuated around $116,400.

user avatarGiorgi Kostiuk

Kevin Warsh Urges Fed to Cut Rates and Reduce Balance Sheet

chest

Kevin Warsh, once an opponent of rate cuts, now advocates for their reduction and the shrinking of the Fed's assets.

user avatarGiorgi Kostiuk

Sui Rises Again: Total Value Locked and SUI Token Growth

chest

Sui exhibits recovery with total value locked exceeding $2 billion and an upward trend in SUI token price.

user avatarGiorgi Kostiuk

XRP Hits $2.92 Following Approval of ProShares Ultra ETF

chest

XRP breaks out to $2.92 after receiving trading approval for the ProShares Ultra ETF on NYSE Arca.

user avatarGiorgi Kostiuk

Grvt Launches Grvt Strategies to Broaden Investment Opportunities

chest

Grvt has introduced Grvt Strategies, a platform that opens access to investment strategies for a wider audience.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.