Yesterday, Marco Monaco, the ecological director of the Ethereum Layer 2 public chain Linea, dropped a shock bomb on Twitter. He stated that he had left the project team as early as mid-June. Coincidentally, Emily Lin, the core figure of the project's BD team, also announced her resignation near the time. Since the beginning of this year, the airdrops of many projects have been limited by market sentiment and have generally performed poorly. Linea, which has been unable to wait for the currency to be released, is even called the king of PUA by the airdrop party. Now the departure of the core team has also added more uncertainty to the future.

MetaMask officially builds Layer 2, Linea suffered a disaster just after it was launched

Linea is a zk rollup blockchain operated by MetaMask development company ConsenSys. And precisely because there is an industry giant behind this public chain, it has attracted many market participants to invest. The current TVL is close to US$500 million.

The public chain mainnet was launched on July 11, 2023. However, it encountered community backlash within two weeks of its launch. It turned out that when Linea’s official cross-chain bridge transferred the assets back to the Ethereum mainnet, it took nearly a week for the assets to be credited. At that time, officials stated that there was a delay of more than 8 hours for cross-chain assets to ensure the correctness of transactions, which also raised a question mark over Linea’s efficiency.

(Can only enter but not give out? The second-layer solution Linea cross-chain back to Ethereum and delayed for six days, causing public complaints)

Founder resigns, Linea merges with parent company ConsenSys

Marco Monaco admitted on Twitter yesterday that he submitted his resignation to ConsenSys in mid-June and officially left the project in mid-July. And pointed out that in the past two years, he burned himself and worked twenty hours a day to contribute to the Linea ecology.

However, his departure appears to be an amicable breakup rather than an internal dispute within the team. He said he was proud of Linea and hoped to spend more time with the team. And he also wants to see how Linea will run after the currency is issued, and hopes that everyone will continue to pay attention to Linea's developer community.

As for the official reason for his departure, he said: "Linea is currently undergoing a significant transformation. This is an opportunity to review the work we have accomplished, discuss the vision and plan next steps. During this period of reflection, ConsenSys leadership and I agree that Linea The best path forward does not involve me personally because our visions are no longer aligned.”

Looking at the time of Marco Monaco's resignation, we will find that the time coincides with the departure of former Linea team BD Emily Lin. On June 20, she officially announced on Twitter that she would switch to another Ethereum Layer 2: Scroll.

After Marco Monaco leaves, Linea will return to the ConsenSys team.

The Chinese community responded with disappointment and even wondered whether Linea had no intention of issuing coins.

As soon as the news of Marco Monaco's resignation came out, the reaction in the Chinese area was generally that Linea had suffered a failure. Speaking frankly about whether he has encountered another project that has been rejected (the cost is greater than the benefit), there were many comments expressing disappointment under KOL He Bi's post.

Some people even think that this move means that Linea has failed, or that there is no plan to issue coins?

0x12.mint, founder of NFTScan Labs, said: "It seems reasonable. The parent company of Consensys has money and resources. As its L2 network, Linea can just do on-chain business to make money like Base. There is no need to issue a token. Linea Whether it will issue its own token depends on whether it is short of money. In the long run, any economy should issue its own token.

This article: The airdrop party was countered! Linea’s core team left one after another, and the currency issuance is far away. The article appeared first on Chain News ABMedia.