Linea Launches the Linea Association for Technology, Ecosystem, and Network Governance - Metaverse Post

Ethereum Layer 2 network Linea Announcing the Linea Association, an independent non-profit organization based in Switzerland, dedicated to promoting the growth and governance of Linea’s open-source technology and ecosystem. This Association is set to support the Linea Mainnet, a zkEVM Layer-2 network launched by Consensys designed to scale Ethereum while preserving its security and decentralization.

The primary goals of the Association include facilitating the continuous development of Linea Mainnet powered by Linea Technology and creating a quick, cost-effective, and secure network accessible to individuals from all walks of life. The Association also seeks to ensure close cooperation with Ethereum Layer 1’s operations and future advancements. Additionally, it will work to boost Linea’s decentralization by establishing robust governance frameworks and adopting decentralized sequencing and verification processes.

Moreover, the Association will support developers in building decentralized applications that provide outstanding user experiences and streamline distribution to a large audience, especially via MetaMask. Another goal is to nurture active communities, with projects like Foxy, efrogs, and Linus being at the forefront. Ultimately, the Association is committed to empowering individuals and businesses to effectively manage valuable on-chain data, such as identity and property information. Initial applications in this realm include MetaMask Card for on-chain payments and identity verification initiatives utilizing attestation registries like Verax.

Linea Gears Up for LINEA Token Rollout in Q1 2025

In addition to its launch, the Linea Association will act as a custodian for protocol governance, ensuring that the social and technical objectives of the network are in harmony. A pivotal aspect of this governance strategy will be Tokenholder Governance. To this end, the association plans to introduce the LINEA token by the conclusion of Q1 2025.

With the introduction of this token, holders will take part in governance decisions. While specific details regarding the snapshot date are still pending, the Linea team has finalized their preparations and is focused on fostering a naturally growing community, which now includes over 1.3 million verified addresses that have chosen Linea as their main network. LINEA tokens will be distributed to ecosystem contributors through a Token Generation Event (TGE). LXP Voyage As an ecosystem built on zkEVM, Linea is designed to support decentralized Web3 applications (dApps) by connecting them with the vast MetaMask user base. Its aim is to foster user participation, technological innovation, and security across the Web3 landscape. Currently, Linea boasts a monthly active user base exceeding one million, with 300 integrated dApps, saving users over $380 million in gas fees in its mission to enhance the safety and accessibility of Web3.

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