Ethereum Co-Founder: "In Talks With Several Sovereign Wealth Funds on Ethereum Infrastructure"
Summary
- Ethereum co-founder Joseph Lubin revealed that he is discussing the construction of financial infrastructure in the Ethereum ecosystem with several sovereign wealth funds and banks.
- Lubin diagnosed that there is structural fatigue in the current financial system and conveyed that decentralized protocols could be the answer.
- He stated that several sovereign wealth funds are showing interest in building Layer 1 and Layer 2 infrastructure in the Ethereum ecosystem.
According to Decrypt, a cryptocurrency-focused media outlet, on the 3rd (local time), Joseph Lubin, co-founder of Ethereum (ETH) and CEO of ConsenSys, which provides infrastructure for Ethereum, stated in an interview, "We are discussing ways to build financial infrastructure in the Ethereum ecosystem with several sovereign wealth funds and banks."
Lubin remarked, "There is structural fatigue in the current financial system," adding, "We are currently at the end of a supercycle, and more people are entering the supercycle."
He continued by saying, "Decentralized protocols are the solution to these problems," and added, "Currently, several sovereign wealth funds are showing interest in building infrastructure in the Ethereum ecosystem, which may include Layer 1 and Layer 2 infrastructure."
Uk Jin
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