Ethereum corporate treasuries critical for the ecosystem: Joseph Lubin

Ethereum co-founder Joseph Lubin said that corporate ETH treasuries are vital for driving ecosystem growth.

Ethereum co-founder Joseph Lubin suggested that ETH treasuries are crucial for the development of the Ethereum ecosystem.

During an interview with CNBC on Tuesday, Lubin stated that a large amount of Ether (ETH) is in circulation, but there is insufficient activity to utilize it. He cited this as the reason he is involved in building the Ethereum treasury company SharpLink Gaming, where he serves as chairman.

Lubin said Ether treasuries are “a great business to run.” He also claimed that “it’s going to be critical to enable the supply-demand dynamics of Ether to right-size as we build more and more applications.”

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