Consensys, the developer behind popular cryptocurrency wallet Metamask, has introduced the Linea Association, a Switzerland-based non-profit organization dedicated to advancing decentralization for its Layer-2 zkEVM Linea.

Advancing Decentralization with Linea Association

Linea, a Layer-2 zero-knowledge Ethereum Virtual Machine rollup developed by Consensys, established the Linea Association at the Devcon event in Bangkok, Thailand, on November 13. According to Linea, the Linea Association is an independent Swiss non-profit organization dedicated to advancing Linea’s open-source decentralized technology and ecosystem governance.

Tokenholder Governance and the Native LINEA Token

One of the key features spearheaded by the Linea Association is tokenholder governance. To facilitate this, the organization plans to launch the native token, LINEA, by the end of the first quarter of 2025. The LINEA token will be used by holders to participate in governance decisions.

The Linea Association will provide further details regarding the token’s design, economics, and utility, but hinted that LINEA may function as more than just a governance token over time. Some potential uses of the LINEA token include:

  • Participating in governance decisions
  • Contributing to the development of Linea’s ecosystem
  • Supporting the organization’s mission

The Swiss Association will give token holders the ability to make decisions on certain aspects within the organization, including Linea intellectual property and a treasury to support its mission.

Organizational Structure and Mission

The organization will consist of a board of directors, a general assembly, employees working under an executive director, and a token governance body. Founder of Linea and member of the Board of the Linea Association, Nicolas Liochan, stated that decentralization is the core of Linea’s vision.

“The establishment of the Linea Association ensures that the protocol’s future lies in the hands of its community, empowering users and developers to shape its trajectory collaboratively and transparently.”

Liochan emphasized that the organization’s core mission is to “empower the world to live on-chain,” which will be supported by an ecosystem of Ethereum technologists, builders, and users.

Alignment with Consensys’ Vision

Consensys’ CEO Joseph Lubin emphasized that the formation of Linea’s independent NGO aligns with Consensys’ vision of creating a Network State powered by a decentralized global economy.

“Through initiatives like Linea, we’re building the foundation for an open, collaborative and censorship-resistant world, where individuals and communities globally can participate fully and securely.”

Since its launch in August 2023, Linea has grown into the fastest-growing zkEVM on Ethereum, hosting more than 230 million transactions in less than 15 months. Linea is currently in the first phase of its decentralization roadmap, which consists of five phases, from Phase 0 to Phase 4.

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