Catenaa, Monday, November 25, 2024 – Blockchain software company Consensys has introduced the Linea Association, a Swiss-based independent non-profit, to support the development and governance of the Linea zkEVM Layer-2 rollup network. The initiative is aimed at promoting decentralized growth for the Ethereum-compatible platform.
According to Consensys, the Linea Association will oversee technical and social alignment within the Linea ecosystem while managing intellectual property, the network treasury, and governance frameworks. A key milestone is the planned release of the LINEA token by Q1 2025, enabling holders to participate in governance decisions. The organization will also focus on enhancing token utility beyond governance through a Token Generation Event (TGE).
Linea has already drawn more than 1.3 million verified addresses, reflecting its growing adoption. The zkEVM rollup was launched in July 2023 and went live on the mainnet in August. Since then, its partner network has expanded significantly, from 150 in mid-2023 to over 420 by late 2024.
In a statement, Consensys highlighted the broader implications of the Linea Association.
The statement said that Linea represented a foundational step in its vision of creating a Network State for the emerging decentralized global economy.
It said that by decentralizing governance, infrastructure, and community engagement, Linea aimed to foster a resilient and transparent Web3 ecosystem.
The Linea Association will operate independently of Consensys under a multi-layered governance structure comprising a Board of Directors, a General Assembly, and a token-driven governance body.
The move underscores Consensys’s commitment to decentralization as it continues to scale Ethereum-based technologies.
