Joe Lubin Hints Plan To Take ConsenSys Mainstream

Joe Lublin has commented on Metamask Developers Consensys going public. They intend to enter the mainstream market via their improved blockchain technology.

With huge breakthroughs in the crypto world, such as Bitcoin and Ether, entering the mainstream, the industry has surmounted a punishing bear market. 

DL News has issued a status report regarding ConsenSys’s preparations to enter the mainstream. 

The question arises, Is the stage finally set for ConsenSys, one of crypto’s most influential tech firms, to go public?

Lubin’s Insights on Public Listing Strategies

Founder and chief executive officer of ConsenSys, Joe Lubin, alluded to this possibility in an interview at the DappCon conference in Berlin. 

He stated that the act of going public has long been a subject of discussion. 

Lubin described the various methods by which a project can externalize itself or go public within the cryptocurrency ecosystem, including tokenizing or launching a protocol. 

He emphasized that ConsenSys would employ its own technology if it went public.

Lubin proposed the formation of subsidiary entities from main units such as MetaMask, Infura, or Linea, citing the achievements of previous endeavours like Gnosis. 

Although details were limited, he alluded to the fact that ConsenSys is partnering with the auditing firm KPMG, which suggested that a substantial undertaking is imminent. 

ConsenSys, according to Lubin, would rather go public via a blockchain-based system than by listing its shares on traditional stock exchanges. 

While recognizing the significance of American capital markets, he conveyed a preference for utilizing domestic technological advancements.

Strategic Moves and Security Priorities

Additionally, Lubin, a former Goldman Sachs employee, is investigating potential acquisitions to bolster ConsenSys’ position. 

Without providing specifics, he stated that the board had approved a new venture, particularly in the cybersecurity sector.

Lubin highlighted ConsenSys’ history of acquisitions, intellectual property purchases, and acqui-hires, emphasizing the importance of security for their end users. 

In light of the considerable worth and susceptibility of MetaMask, he emphasized the imperative of safeguarding against possible perils, characterizing the cryptocurrency ecosystem as teeming with specific types of predators.