PANews reported on July 29th that, according to The Block, Linea, the Ethereum Layer 2 network founded by Consensys, announced several plans ahead of the official launch of its LINEAPANews reported on July 29th that, according to The Block, Linea, the Ethereum Layer 2 network founded by Consensys, announced several plans ahead of the official launch of its LINEA
Linea announces native ETH revenue and destruction mechanism ahead of LINEA token launch
The ecosystem fund will be managed by the Linea Alliance, comprised of leading Ethereum organizations including Consensys, Eigen Labs, ENS Labs, Status, and SharpLink, with more to come. While the launch date for the LINEA token has not yet been announced, it is expected to go live soon. The upcoming token is designed to mimic Ethereum's original distribution model while building on ETH's core utility.
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