We all know of Vitalik Buterin, the co-founder of the crypto giant Ethereum. For quite some time Natalia Ameline (Vitalik Buterin’s mother) has been in the crypto space, she is making headlines with the project she co-founded, Metis.
Metis has been on a steady rise to glory in this bull run. Here we look at why Metis will have a big impact in this crypto bullrun.
Disclaimer:
This article does not provide financial advice, and the writer and associated entities bear no liability for any financial decisions made after interacting with this publication. This publication serves informational and educational purposes only. Happy reading.
What is Metis?
Metis, a layer 2 roll-up on Ethereum, exclusively utilizes all Ethereum security and safety features. It originated as a fork from Optimism, another scalable layer 2 solution also operating under Ethereum. Metis runs on the Andromeda Network.
It is the first layer 2 with a fully decentralised sequencer (the tool responsible for handling on-chain transactions). Natalia Ameline (Vitalik Buterin’s mother) is in charge of their 100M fund that is to boost engagement and development.
Why is Metis exploding?
As a layer 2 there is a series of factors that determine the growth of project,
the build structure of Metis foundation.
Metis has been striving to implement total decentralization (without a ruling organization and being run by the community). The presence of Natalia Ameline (Vitalik Buterin’s mother) as one of the founders promotes strong confidence that Metis is aligning with Ethereum’s long-term goals.
Rapid growth in the ecosystem.
Since launch, the project has secured close to $600m in TVL (total value locked) which provides enough stability to maintain and grow the project as a whole.
The Dapp (decentralised application) ecosystem has massively grown with the presence of usability and access to decentralised services.
Scalable coin utility.
It employs a community centred approach to tokenomics (how the token is distributed), allocating a significant portion of the token to community participants. This strategy encourages utility and engagement with the token.
Conclusion.
We’ve provided a brief breakdown of MetisDAO, highlighting the catalysts that could fuel its potential surge in this bull run. Stay updated on the latest crypto developments to stay ahead of the curve. Join us at Crypto University.