Nailed it, @0xWhizMiz. The Linea Ecosystem will soon be firing big and hard on all cylinders, including cylinders that can't easily be replicated by other L2s.
That said, it is our hope and intention that Linea, in concert with a constellation of Consensys-related projects -- yes, including SBET -- will raise all boats in the global Ethereum armada.
This is part of the new ethos. As decentralization accelerates, we are entering a new economic age on Planet Earth: The Age of Community and Collaboration.
We are delighted to see projects throughout the Ethereum ecosystem do well, including other L2s, provided they demonstrate healthy Ethereum alignment. We need a huge amount of blockspace with diverse characteristics in order to move traditional economy and Web2 projects to Web3 rails.
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The global economy is digitizing. Every institution, corporation, and country runs on fragmented, bespoke infrastructure. What the internet did for information, Ethereum is doing for value: A shared, open standard for programmable money.
Ethereum is the global settlement layer and has 24/7/365, flawlessly, every 12 seconds, for nearly a decade. It settled over $25T last year. ETH is home to the largest share of stablecoins, RWAs, and tokenized assets. It is also a a productive asset with native yield, restaking, and DeFi built in.
Soon, stablecoins will replace dollars in global settlement. Public markets are beginning to understand this. We're proud to lead a $425M private placement into SharpLink ($SBET) to bring Ethereum exposure to traditional capital markets. $SBET hopes to benefit from Ethereum's native yield opportunities and in doing so it could showcase those benefits to public markets
We’re on the verge of a paradigm shift that will be heard around the world.
Consensys is on a mission to catalyze a Network State within the emerging decentralized Web3 and AI global economy.
During my talk earlier at DevCon, I shared how we’re moving towards rigorous decentralization and empowering sovereign individuals:
1/13
For years, companies in our industry have been living in fear, unable to engage in activities that should be natural for a Web3 company. We’ve been operating in a climate of regulatory uncertainty, with gaslighting and carpet bombing from the SEC stifling our progress.
2/13
There’s been concern about a second American Revolution. There is indeed going to be another Revolution. It will be a bloodless and probably bi-partisan revolution that sheds the regulatory cruft and reformats America according to the principles under which she was founded:
Liberty and Justice for All, distrust for overreaching centralized authority and a healthy reverence for self-determination and decentralization
Today we need to make the extremely difficult decision to streamline some of ConsenSys’ teams to adjust to challenging and uncertain market conditions.
While I’ve often said that the fear and greed cycles are shortening in duration, our current bear market also coincides with a very challenging macroeconomic environment driven by surging inflation, lagging economic activity, and increased geopolitical unrest.
2/10
And against that backdrop, some of the poorly behaved CeFi actors in our space have brought a reckoning on themselves and exacerbated the distrust and pullback, casting a broad pall on our ecosystem that we will all need to work through.
I’m seeing a lot of misunderstandings around our updated privacy policy that need to be clarified.
1/21
MetaMask wallet is a software product developed by ConsenSys. ConsenSys does not operate MetaMask.
*You*, the user, operate MetaMask on your device.
2/21
MetaMask does not collect IP addresses. @MetaMask routes information necessary for your transaction to be processed by an RPC provider. @infura_io is the default RPC provider in MetaMask, which we also develop.
It always was and always will be about decentralization. Beware of centralizing wolves in sheep's clothing.
🧵1/15
People need to trust one another in order to do basic things together. But trust breaks down when there is misunderstanding, information asymmetry, or an imbalance of power.
2/15
With peer-to-peer technologies like BitTorrent, Bitcoin, and eventually #Ethereum, we discovered that decentralized protocols & maximally decentralized replicated state machines were the key to building a new trust foundation for the planet.
The launch of the #Eth2 Beacon Chain is characteristic of the emergent, open-source ethos that attracts so many to Ethereum in the first place. More than 27,000 validators from around the globe are now participating in the new #Eth2 consensus model.
Proof of Stake is a monumental upgrade of the crypto-economic incentives that already make Ethereum an automated, objective foundation for trust. We are collectively deepening the commitment to building a maximally decentralized network.
The global economy needs an objectively trustworthy frame of reference to coordinate logic and transactions between business networks. Ethereum is the leading candidate, already functioning as the global settlement layer for ~$1 trillion in digital assets on the decentralized web