LibraPrice

(LIBRA)

The name Libra (libra) is associated with several distinct efforts in the cryptocurrency and Web3 space, ranging from a major historical initiative to modern community-driven protocols and recent political projects. The most prominent active Web3 project using this token name is the 0L Network. This is a decentralized Layer 1 blockchain that operates as an open-source, community-governed fork of the original technology developed for the Libra and Diem projects. Unlike the corporate-led origins of its codebase, 0L Network is permissionless and functions without venture capital or a centralized foundation. It utilizes the Move programming language, which was specifically designed for the safe management of digital assets and resources. The project emphasizes a concept called Proof of Labor, where network participants are rewarded for their direct contributions to the ecosystem's infrastructure and development. Its primary vision is to maintain a secure and scalable financial protocol that is entirely controlled by its users. Another recent project using the Libra name emerged in early 2025 as a private initiative in Argentina. Promoted as a tool to stimulate the national economy, this token was intended to help fund small businesses and startups. This project was linked to the KIP Protocol, a Web3 framework focused on decentralized artificial intelligence. It gained significant international attention due to its association with government leadership and its stated goal of providing transparent financial access to local entrepreneurs, though it later faced scrutiny regarding its tokenomics and governance structure. The historical context for these projects stems from the original Libra project announced in 2019. That initiative was led by a consortium of companies with the goal of creating a global stablecoin and payment system to improve financial inclusion for the unbanked. It aimed to offer low-fee, near-instant transactions through a basket of reserve assets. However, due to widespread regulatory challenges and concerns from central banks regarding monetary sovereignty and privacy, that project was rebranded as Diem and eventually liquidated in 2022. Today, the name continues to appear in various Web3 contexts, representing the ongoing evolution of the Move programming ecosystem and different attempts to leverage blockchain technology for economic and social impact. While some versions of the project focus on community governance and technical robustness, others have been used as experimental assets in specific regional markets. Learn more

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