Ethereum co-founder and Consensys CEO Joe Lubin announced that they are in talks with state funds and banks of a large country to establish infrastructure in the Ethereum ecosystem.
Joe Lubin, one of the pioneers of Ethereum (ETH), recently made exciting statements in a podcast he attended. Lubin expressed that his company Consensys is in negotiations with the state asset funds and banks of a large country, which he has not yet disclosed, to develop new infrastructures in the Ethereum ecosystem.
According to Lubin's statement, this collaboration will include new projects at both Layer 1 and Layer 2 levels in the Ethereum ecosystem. This step is critically important to strengthen Ethereum's position in the global financial system and to establish a new decentralized financial order.
The inclination of governments towards Ethereum
In the cryptocurrency sector, we have previously seen some countries' state funds make investments in Bitcoin (BTC). However, Ethereum has generally remained outside of such state investments. Now, with Lubin's statements, Ethereum may be preparing to attract a serious investor base at the state level.
Lubin and his team also drew attention in recent weeks by making a $425 million investment in SharpLink Gaming's Ethereum-based treasury management. Such initiatives, which aim to provide investment returns through Ethereum's decentralized finance (DeFi) tools, increase ETH's potential to be favored by governments.
Expressing positive expectations for the future of Ethereum, Lubin describes Ethereum as 'the world's most valuable trust commodity' and believes it could take over Bitcoin's throne in the future.
Stay tuned for new developments.
