- Ethereum involves large sovereign funds and banks to build the next generation of blockchain infrastructure
- Lubin predicts that Ethereum can surpass Bitcoin as the ultimate trusted digital active
Joe Lubin, co-founder of Ethereum [ETH] And CEO of Consensys, is in the news today after he has revealed that his company is in discussion with prominent sovereign asset funds and large banks from an important country about potential projects on the Ethereum Blockchain.
Joe Lubin teases the future of Ethereum
Talk about the latter episode From the “Fomo Hour” of Trug Radio, Lubin emphasized the crucial role of Ethereum in an emerging decentralized super cycle.
He emphasized the growing tension within the traditional financial system, which indicates systemic weaknesses and economic imbalances such as signs that the current financial era is approaching. This, he said, has cleared the road for a new wave driven by blockchain technology.
He added,
“Decentralized protocols are the answer to producing a new worldwide financial system.”
Lubin unveiled ongoing discussions with sovereign power funds and large banks from an unknown country about building infrastructure within the Ethereum ecosystem.
He also mentioned potential developments on the Layer-1 of Ethereum and innovative solutions on Layer-2 networks.
While nation states have been historically preferred to Bitcoin [BTC] For their reserves, a significant dedication to Ethereum can mark a turning point for ETH as a Treasury activ – an area where it has only recently received attention.
Lubin’s Consensys emphasized this shift and recently led a $ 425 million financing round for Sharplink Gaming. This establishes an Ethereum-based Treasury model, a difference from Bitcoin-oriented strategies such as those of MicroSstratey.
How does Lubin Ethereum try to use?
As chairman of Sharplink, Lubin is at the forefront of exploring new ways to use Ethereum in institutional financing.
This is because Sharplink is planning to use Ethereum’s possibilities more actively by using deployment, repeated and Defi strategies at carefully managed risk levels to generate proceeds.
As expected, Lubin continues to trust in the long -term potential of Ethereum.
He described Ethereum as the ‘middle child’ between Bitcoin and Solana, and noted that although they have two clear ecosystem stories, the unique position of Ethereum offers considerable opportunities.
According to the Exec, the recent price drop of ETH has formed its public image. Especially since the market sentiment often lags behind the actual progress.
What kind of Ethereum does it say?
Looks ahead, Lubin Ethereum sees evolving into a dominant power that may surpass Bitcoin.
He described Ethereum as a “world computer” and compared it with essential raw materials such as electricity or oil.
While he recognizes Bitcoin’s groundbreaking creation of decentralized trust, Lubin believes that Ether represents the next level, a “gold standard” of trust with an even greater potential value.
This perspective means that Ethereum could arise in the future as a more influential asset.