MetisDAO: Decentralized Solutions for Ethereum

What is MetisDAO all about?

MetisDAO (METIS) is an Ethereum Layer-2 scaling solution designed to address the blockchain trilemma, the challenge of achieving decentralization, security, and scalability simultaneously. It tackles Ethereum's primary hurdles, including speed, cost, and scalability, providing a platform for developers to create and manage decentralized applications (dApps). Incorporating the Decentralized Autonomous Company (DAC) framework into its Layer 2 infrastructure, MetisDAO aims to facilitate the transition from Web 2.0 to Web 3.0.

How does MetisDAO operate?

MetisDAO utilizes Optimistic Rollups to enable fast and cost-effective transactions on the Ethereum blockchain. This approach bundles multiple transactions into a single processed transaction on Ethereum, optimizing affordability and speed while leveraging Ethereum's security and decentralization. Unlike traditional systems storing transaction data on layer-1, MetisDAO keeps most of its transaction data off-chain, resulting in significantly cheaper storage costs compared to Layer 1. The platform offers a modular framework for developers to build and customize their dApps using Metis infrastructure.

Potential Applications of MetisDAO

MetisDAO serves as both a Layer 2 scaling solution and a platform for building and operating decentralized autonomous companies (DACs). Through its DAOTribution Campaign, it provides a grants program for contributors and communities to initiate their DACs on KORIS, offering funding through the Metis token. Additionally, MetisDAO is developing a Hybrid Rollup, combining optimistic rollup architecture with zero-knowledge proofs, aiming to provide a developer-friendly Layer 2 for Ethereum developers to deploy diverse decentralized applications.

Backstory of MetisDAO

Established in 2019 by Elena Sinelnikova, Kevin Liu, and Yuan Su, MetisDAO officially launched on November 17, 2021. Sinelnikova, with a background in blockchain, cybersecurity, and full-stack programming, founded other crypto projects, including the non-profit blockchain educational hub 'Crypto Chicks,' in 2017. Kevin Liu, with a background in investment management and strategic development, holds an undergraduate degree in management and an MBA from the Chinese Academy of Sciences. Yuan Su, with a computer science background and an MBA from the University of Toronto, worked at IBM before co-founding Metis in 2019, currently overseeing development at CaseWare International.

Investment Considerations

Determining the viability of investing in MetisDAO involves factors such as technological innovation, team expertise, partnerships, and community support. Thorough research and staying updated on MetisDAO's developments, market trends, and the overall cryptocurrency landscape are crucial for informed investment decisions. Considering these factors, MetisDAO appears to be a promising investment for the future.

MetisDAO Statistics

All-Time High: $90,333
24-Hour Trading Volume: $22.55 billion
Circulating Supply: 4.6 million METIS tokens
Average Holding Period: 6 days among Coinbase customers
Popularity Rank on Coinbase: 209 among tradable assets
Current Trading Activity: Approximately 89% of Coinbase users are buying MetisDAO in the last 24 hours.

Where to buy MetisDAO:

You can purchase MetisDAO from the crypto platforms listed below. Bybit and Binance are the two best crypto markets in the world. At altcoinvoyage.com, we do not recommend using other crypto markets due to low volume and limited crypto assets.