others

Joe Lubin Teases Plan To Take ConsenSys Mainstream, What’s Next? – Crypto News

Published

2 years ago

May 22, 2024

Dripp

With massive developments in the crypto space such as Bitcoin and Ether going mainstream, the industry has managed to overcome a punishing bear market. DL News has provided an update on ConsenSys’ plans to go mainstream. The question arises, Is the stage finally set for ConsenSys, one of crypto’s most influential tech firms, to go public?

Lubin’s Insights on Public Listing Strategies

Joe Lubin, the founder and CEO of ConsenSys, hinted at this possibility during an interview at the DappCon conference in Berlin. He mentioned that going public has been a topic of discussion for a long time. Lubin highlighted the different ways to go public within the crypto ecosystem, such as launching or tokenizing a protocol, or externalizing a project. He emphasized that if ConsenSys were to go public, it would likely utilize its own technology.

Lubin suggested potential spin-offs of major units like MetaMask, Infura, or Linea, noting the success of past projects like Gnosis. While specifics were sparse, he mentioned that ConsenSys is collaborating with the auditing firm KPMG, hinting at something significant in the works. Lubin made it clear that ConsenSys prefers a blockchain based approach to going public rather than listing shares on traditional stock exchanges. He acknowledged the value of American capital markets but expressed a preference for leveraging their own technology.

Also Read: Meme Coins PEPE and FLOKI See Strong Rally, What’s Driving Them?

Strategic Moves and Security Priorities

Lubin, who previously worked at Goldman Sachs, is also exploring acquisitions to strengthen ConsenSys’ position. He mentioned that the board had approved a new venture, particularly in the cybersecurity area, though he did not provide specific details.

Lubin highlighted ConsenSys’ history of acquisitions, intellectual property purchases, and acqui-hires, emphasizing the importance of security for their end users. Given the high value and vulnerability of MetaMask, he stressed the need to protect against potential threats, describing the crypto ecosystem as filled with certain kinds of predators.

Also Read: Bitcoin Whales Ramp Up $636M BTC In Single Day, Price To Rebound?

<!–

–>