Originally published on: November 15, 2024
Ethereum software solutions provider Consensys is revolutionizing the industry with the launch of its new project, Network State. This innovative platform allows individuals to assert their “personal sovereignty” in a bid to shape the decentralized Web3 and AI global economy.
Joseph Lubin, the co-founder of Ethereum, heralds this development as a paradigm shift that will resonate worldwide. He believes that we are on the cusp of a transformative era where individuals are empowered to take control of their digital identities.
Lubin’s vision for Consensys is to create a Network State that fosters collaboration and innovation among Web3 companies. He acknowledges the challenges faced by the crypto industry, attributing them to regulatory uncertainties and gaslighting tactics employed by regulatory bodies.
Speaking at the Ethereum Devcon event in Thailand, Lubin expressed his frustration with the industry’s past struggles, stating, “We’ve been living in a gas-lit world for a long time, generously gas-lit by the SEC.”
The launch of the new project, sovs.xyz, on Consensys’ Linea platform marks a significant milestone in realizing this vision. Users can now declare various forms of sovereignty that resonate with them, ultimately contributing to the creation of inclusive and sustainable communities.
Lubin emphasizes that this initiative is a collaborative effort to shape a network that reflects the values of its users. He envisions a future where self-sovereignty is at the core of online communities, drawing inspiration from Vitalik Buterin’s network states theory.
As Consensys continues to innovate, recent developments such as the launch of a Swiss nonprofit association dedicated to Linea’s growth and governance signal a promising future for the platform.
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