Linea, the Ethereum layer-2 network incubated by Consensys, announced its transformation into a nonprofit association with plans to launch a governance token, LINEA, by the end of Q1 2025. The new Linea Association aims to foster network development, decentralization, and stronger community engagement while emphasizing that the project will operate as a public good. The LINEA token will be airdropped to ecosystem contributors in a future event based on yet-to-be-disclosed criteria. The Foundation will be located in Switzerland, led by a multi-layer governance structure. Despite previous concerns about centralized decision-making — highlighted when on-chain activities were halted following a major hack — the Linea team stresses their commitment to decentralization. Since its inception in August 2023, Linea has recorded over 250 million transactions and is positioned as the fastest-growing zkEVM network on Ethereum. Today's announcement marks a critical step in Linea's roadmap toward full decentralization.

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