The founder of Consensys and the head of Linea respond to the focus on Linea.
Compiled by: KarenZ, Foresight News
Joseph Lubin, founder of Consensys and chairman of SharpLink's board, along with Declan Fox, head of the Linea project, responded to the public's focus on Linea during "The SomETHing Podcast" on August 6.
The core content has been summarized and organized:
Linea Positioning: Linea aims to enhance Ethereum's scalability through zero-knowledge proof technology while optimizing Ethereum's economic model with a dual destruction mechanism and a native yield model, helping it move towards mainstream adoption. In the next phase, Linea is expected to achieve explosive growth in the number of developers, user scale, and TVL (Total Value Locked). Building an adaptable architecture to empower enterprises and various economic projects to operate smoothly on Linea is one of its optimal paths forward.
LINEA Token Utility and Governance: LINEA may play a role in the ordering and consensus mechanism, with future possibilities for staking LINEA tokens and other utilities, depending on the governance structure. The governance of the Linea ecosystem will gradually become decentralized, allowing for opportunities such as token voting.
Linea Consortium: The Linea Consortium is a committee composed of several Ethereum-native organizations, with initial members including Consensys, Eigen Labs, ENS, Status, and Sharplink Gaming. These five founding members jointly fulfill supervisory responsibilities, and the member scale may further expand in the future to ensure the consortium's transparency and neutrality.
Ecosystem Fund (75% of token supply): Managed by the Linea Consortium, the Ethereum ecosystem fund is dedicated to ecosystem development, public goods funding, and Ethereum research, including DeFi projects across Ethereum and Linea, identity social graphs (monetization), Launchpad, payments, and pure research projects.
Collaboration with Treasury Companies: Linea is providing services to treasury companies like SharpLink, which can offer significant liquidity to Linea, achieving a win-win situation.
Airdrop: In the 10% airdrop allocated to early contributors, 9% is distributed to LXP holders, and the remaining 1% is allocated to strategic partners and builders, involving projects like ZeroLend, Etherex, Foxy, Efrogs, etc. Linea users are likely to receive future airdrops from other projects under Consensys.
When is TGE or Airdrop Check? Joseph Lubin responded with "42." This number has sparked various speculations:
"42" is a reference from the science fiction novel "The Hitchhiker's Guide to the Galaxy." In the book, 42 is described as "the ultimate answer to life, the universe, and everything," but its specific meaning is vague, symbolizing a humorous simplification of complex issues. Joseph Lubin's answer may be using "42" to avoid directly answering the specific timing of TGE.
Some community users speculate that "42" refers to 42 days, which would be September 17, also known as Constitution Day in the United States.
Others speculate that "42" refers to the 42nd week of 2025, which is from October 13 to 19.
42 hours or August 24?
Some users jokingly suggest it could be the year 2042.
Coincidentally, an Ethereum address is a 42-character hexadecimal address.
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