SharpLink (SBET), a software development firm that offers institutional exposure to Ethereum via its stocks, akin to Michael Saylor's MicroStrategy with Bitcoin, might soon launch its own cryptocurrency token. Lubin, who recently became SharpLink's chairman, suggested that "so much more" is to be expected from this venture. While precise details remain under wraps, this move could see SharpLink's stock tokenized, potentially mitigating issues like pump-and-dump schemes and impersonations. SharpLink Gaming has already amassed nearly $0.5 billion in Ethereum on its balance sheet, further underscoring its commitment to the ecosystem.
Lubin emphasized that all ConsenSys's decentralized initiatives are slated to be underpinned by native governance cryptocurrency tokens in due course. He stated, "We have a short and medium term plan/strategy. It involves protocolization of our current products and other initiatives. And Web3 protocols need tokens." He also highlighted that all prospective tokens from ConsenSys products would be interconnected, ensuring alignment across their ecosystem.
Lubin outlined a hypothetical rollout schedule, with Linea, the governance token for the Ethereum Layer 2 solution, expected first. Following Linea, ConsenSys is considering a token for DIN, a decentralized Web3 infrastructure platform that expands upon Infura. This strategic pivot towards tokenization across ConsenSys's portfolio signifies a crucial step in formalizing governance and economic models for its various products, contributing to the broader evolution of the Ethereum ecosystem.