According to ChainCatcher, Cointelegraph reported that Ethereum expansion solution Linea announced the establishment of Linea Association at the Devcon conference in Bangkok, Thailand. This is a Swiss non-profit organization dedicated to promoting the development and governance of Linea. The association will support Linea technology, develop the Linea market, and advance its decentralized roadmap. The association plans to launch Linea tokens in the first quarter of 2025 to achieve token holder governance. Token holders will have governance rights over certain activities of the association, and the association will manage Linea's core intellectual property and funds to support its mission.
Linea is a Layer-2 zero-knowledge Ethereum Virtual Machine (zkEVM) rollup solution developed by ConsenSys. Joseph Lubin, founder of ConsenSys, said that the establishment of the Linea Association is an important step for the network to achieve true decentralization and avoid excessive control by any entity.
Linea founder Nicolas Liochon stressed that decentralization is at the core of Linea's vision. He said Linea must be publicly owned and governed by everyone as a public product, just like Ethereum Layer-1. Lubin added that Layer-2 projects that are overly controlled by companies or a few participants will find it difficult to succeed or maintain proper consistency with the Ethereum platform.