Iris Coleman Nov 25, 2024 18:16
Linea unveils its plans for decentralization and the establishment of the Linea Association at DevCon Bangkok, marking a significant step in its growth and governance.
Linea, a blockchain initiative known for its sovereignty-focused approach, has announced significant plans for expansion during this week’s DevCon in Bangkok. The announcement marks a milestone in Linea’s journey towards decentralization, according to linea.mirror.xyz.
Formation of the Linea Association
On Wednesday, during L2con, AltLayer Rollup Day, and THW3 Bangkok, Linea revealed the creation of the Linea Association. This independent Swiss non-profit organization is dedicated to fostering the growth, development, and governance of Linea’s open-source technology and ecosystem. The association aims to unite like-minded communities worldwide, expanding beyond its initial focus.
The announcement has been well-received within the industry, with favorable coverage from major outlets such as CoinDesk, CoinTelegraph, and Decrypt. The formation of the Linea Association is seen as a pivotal step in advancing Linea’s mission.
Consensys Network State and Decentralization
During his keynote at DevCon, Consensys CEO Joe Lubin highlighted Linea’s path towards decentralized governance. He introduced the concept of a Consensys Network State, which will be based on the Linea Mainnet, emphasizing its role as a central network for Consensys’ web3 operations.
Lubin also announced the launch of sovs.xyz, a project designed to promote personal sovereignty within the decentralized future. This initiative invites participants to declare their sovereignty and support the emerging network state movement.
Engagement at DevCon and Beyond
The Linea team actively participated in various events throughout Bangkok, including the main DevCon event, De.Fi World, and Linea x Bitkub Unbound. They also offered bounties at EthGlobal Bangkok, showcasing their commitment to engaging with the blockchain community.
The announcements and activities at DevCon highlight Linea’s strategic direction and its dedication to building a community-driven network. These efforts are expected to lay the groundwork for future developments and collaborations within the blockchain space.
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