Iris Coleman
25 November 2024 at 18:16
Linea unveils its plans to decentralize and establish the Linea Association at DevCon Bangkok, marking an important step in its growth and management.
Linea, a blockchain initiative known for its sovereignty-focused approach, announced significant expansion plans during DevCon this week in Bangkok. This announcement represents a milestone in Linea's journey towards decentralization, according to him 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 promoting the growth, development and management of Linea's open source technology and ecosystem. The association aims to unite like-minded communities around the world, expanding beyond its initial focus.
The announcement was well received within the industry, with positive coverage from major outlets such as CoinDesk, CoinTelegraph, and Decrypt. The formation of the Linea Association is seen as a pivotal step in furthering Linea's mission.
The state of the Consensys network and decentralization
During his keynote at DevCon, Consensys CEO Joe Lubin highlighted Linea's path toward decentralized governance. He introduced the concept of the Consensys network state, which will be based on the Linea Mainnet, focusing on its role as the central network for Consensys' web3 operations.
Lupine also announced the launch sovs. xyza project aimed at promoting personal sovereignty in a decentralized future. This initiative calls on participants to declare their sovereignty and support the emerging network state movement.
Participate in DevCon and beyond
The Linea team actively participated in several events around Bangkok, including the DevCon main event, De.Fi World, and Linea x Bitkub Unbound. They also offered rewards at EthGlobal Bangkok, demonstrating their commitment to engaging with the blockchain community.
Announcements and activities at DevCon highlight Linea's strategic direction and dedication to building a community-driven network. These efforts are expected to lay the foundation for future developments and collaborations in the field of blockchain.
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