Joseph Lubin | Crypto

The main goal of VCs is to "suck as much value as possible” from Ethereum, but they remain necessary bridges for global capital entering the crypto industry, according to Lubin. Ethereum co-founder and Consensys founder Joseph Lubin highlighted the importance of venture capital (VC) funding for the development of the world's largest smart contract network, despite growing industry concerns over the influence of investment funds on Ethereum. The main goal of VCs like Paradigm is to "suck as much value as possible from the Ethereum and broader ecosystem," while their secondary goals include "progressing the systems towards rigorous decentralization," wrote Lubin in a Monday X post, adding that there is “no reason for concern.” Lubin's comments come shortly after the departure of two key Ethereum researchers, which caused renewed concerns over the potential influence of centralized funds over Ethereum’s development. Read more

Crypto price tracker CoinGecko shows that the Linea token traded at $0.024 at the time of writing, down 20% in the last 24 hours. Joseph Lubin, the founder of Consensys and a key figure behind the Linea blockchain, teased potential future rewards for users who hold on to their tokens.  In an X post on Thursday, Lubin said long-term holders could become eligible for future distributions, including tokens from Consensys and other aligned ecosystem projects. He said that holding tokens signals that the user is a Linea community member and is likely engaged in productive Linea economy activities.  “If we notice, at some date in the future, that you’ve held n LINEA tokens for m days, that just might lead to another token landing in your account,” Lubin wrote, adding that MetaMask and Linea are preparing something together.  Read more

Ethereum co-founder and Consensys CEO Joseph Lubin just gave ETH bulls something to chew on. In a post on X, he applauded Fundstrat’s Tom Lee on his vision for the future of finance and the expanding role of Ethereum in traditional institutions. “Yes, ETH will likely 100x from here. Probably much more.” Joseph Lubin agrees; […] The post Ethereum cofounder Joseph Lubin, ‘ETH will likely 100x from here’ appeared first on CryptoSlate.

Ethereum co-founder Joseph Lubin said that corporate ETH treasuries are vital for driving ecosystem growth. Ethereum co-founder Joseph Lubin said ETH treasuries are crucial for the development of the Ethereum ecosystem. During an interview with CNBC on Tuesday, Lubin said that a large amount of Ether (ETH) is in circulation, but there is insufficient activity to utilize it. He cited this as the reason he is involved in building the Ethereum treasury company SharpLink Gaming, where he serves as chairman. Lubin said Ether treasuries are “a great business to run.” He also said that “it’s going to be critical to enable the supply-demand dynamics of Ether to right-size as we build more and more applications.” Read more

SharpLink Gaming plans to establish a $425 million Ethereum (ETH) treasury under the guidance of Consensys CEO and Ethereum co-founder Joseph Lubin, the company announced on May 27. The sports-betting technology company entered into securities purchase agreements for a private investment in public equity. The company will issue 69.1 million shares at $6.15 each, or […] The post SharpLink makes $425M Ethereum treasury plunge with Joseph Lubin’s guidance appeared first on CryptoSlate.