DeFi

Joe Lubin hints that MetaMask developer Consensys will go public – DL News

Published

8 months ago

22 May, 2024

CoinFlix Staff

Joe Lubin hints that MetaMask developer Consensys will go public – DL News

The Ethereum co-founder told DL News that Consensys wants to use native cryptographic methods to leverage public investments.
Consensys is looking for acquisitions, Lubin says.
His comments are the latest sign that the market is ready to make deals.

The crypto market is in a bullish period.

Bitcoin and Ether are becoming widespread. And the industry has weathered a punishing bear market.

Is the stage finally set for Consensys, one of the most influential technology companies in the cryptocurrency sector, to go public?

Maybe, said Joe Lubin, founder and CEO of the company that runs, among other things, the popular MetaMask wallet.

“We’ve been talking about this for a long time,” said Lubin, co-founder of Ethereum. DL News at the DappCon crypto conference in Berlin.

“And there are different ways to make our ecosystem public,” he continued. “You can launch a protocol, you can tokenize a protocol, you can outsource a project.”

Airdrops

In the crypto world, many consider tokenization or project airdrop – where a token is created and distributed to its most loyal users – to be akin to an initial public offering.

For years, there have been hints of a MetaMask airdrop. With over 30 million usersthe distribution of a MetaMask token would cause a sensation.

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“If we make it public in any way, we’ve always tended to use our own technology.”

—Joe Lubin, Consensys

So what method could Consensys, a company focused on blockchain and web3 software development, use?

Lubin kept his cards close to his chest, but he said Consensys could create MetaMask or other units, such as toolkit developer Infura or Linea, a layer 2 blockchain network.

“We’ve created over 40,” he said while wearing an Ethereum t-shirt. “Some of them, like Gnosis, are very successful.”

Lubin was referring to the sprawling suite of crypto projects that Consensys has spawned over the years. Gnosis is a group of crypto projects that include the Gnosis Chain network and the Gnosis Pay payment network.

Lubin offered further indications that something was in the works. He said Consensys was working with auditing firm KPMG, but declined to provide details.

Nonetheless, he made it clear that Consensys would opt for the blockchain route to going public rather than listing the shares on Nasdaq or another exchange.

“If we make it public in some way, we’ve always tended to use our own technology to do something,” Lubin said.

“This does not mean that we would want to move away from the US financial markets, which are deep and liquid,” he continued. “But there might be ways to make our own technology public while still making it accessible.”

Bargain hunting

Lubin, who got a taste of Wall Street as a technology executive at Goldman Sachs’ private wealth management unit in the early 2000s, is also considering acquisitions.

“The board just approved something,” he said. “We are very active.”

Besides hinting that it was a cybersecurity company, he remained coy on the details.

Lubin said Consensys has a record of acquisitions, intellectual property purchasesAnd acquires — agreements intended to absorb staff.

“All I can say is that the biggest priority for us is the security we provide to our end users,” he said.

It’s no wonder: MetaMask must be a tempting target for bad actors.

“Essentially, you can think of our ecosystem as being filled with certain types of predators,” Lubin said.

Liam Kelly is a DeFi correspondent at DL News. Do you have any advice? Email to liam@dlnews.com.

Fuente

DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

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DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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