About Metis (METIS)
Metis is a Layer-2 blockchain solution that employs optimistic roll-up technology. Its roll-up solution allows developers to run applications, process transactions, and store data on a layer above Layer-1 blockchains such as Ethereum. Metis' optimistic roll-up solution maintains the security of underlying blockchain layers such as Ethereum. Metis reports to provide a more scalable and cost-effective environment for building and interacting with Web3 applications by offloading data and execution to a second layer. Metis' architecture includes an EVM-compatible virtual machine that enables developers to build contracts similar to Ethereum's.Ā
On March 2, 2023, MetisDAO declared its ongoing construction of a Hybrid Rollup, a combination of optimistic rollup architecture with zero-knowledge proofs. With work continuing on the rollup, MetisDAO anticipates that the merged architectures would offer a secure, developer-oriented Layer 2 platform for Ethereum developers intending to deploy a variety of decentralized applications.
Metis is EVM compatible meaning all existing Ethereum tools, such as MetaMask, can be used to interact with the network transfer fees. This connection to the main Ethernet network allows NFT traders/creators to develop NFT projects on Metis with the option to transfer them to the Ethereum mainnet later to be sold on marketplaces such as OpenSea.
Metis claims its scalable protocol can support a wide range of use cases, such as NFT platforms, decentralized social media platforms, open-source developer communities, gaming communities, freelance communities, crowdfunding, income farming, DEX trading, and more.
The METIS token serves as the native cryptocurrency for the Metis Layer-2 blockchain platform, facilitating transaction fees, governance, staking, and incentivizing participation within its ecosystem. The live price of METIS is updated live and can be tracked on Binance.