The platform working on Ethereum blockchain, Metis recently was spotted at AIBC Summit Dubai 2022. Metis is a decentralized economy platform to start, run, and grow any decentralized app, business, and community on the blockchain with ease and scalability.
It is based on the Ethereum layer 2 rollup platform providing low gas fees, super-fast transactions, native storage, high security, and simple implementation that is also all on Ethereum also everything is decentralized. Only on Metis, you get everything!
Metis uses Optimistic rollup instead of ZK rollup, as Zk Rollups do not have broad EVM computation, whereas optimistic does. Furthermore, the current implementation of ZK Rollups creates a “walled garden” effect, making it difficult for many developers to publish their DApps.
Optimistic Rollups, such as Metis, on the other hand, use EVM Equivalence to allow developers to integrate quickly, cheaply, and easily.
The platform solves the 6 biggest challenges of Ethereum. Alone it has a high transaction cost slow speed with limited and difficult functionality usability. Its scalability is expensive and provides only single-layer security.
In the case of Metis when it is combined with Ethereum the cost is low, speed of transaction is fast with rich and easy functionality usability. You also have effective scalability with multiple layers of security.
In the future, anyone can access and thrive in this decentralized economy. The products offered are DAO, DAPP, DEFI 2.0, Nft minting & trading, and many more.
Learning More About the Vision
With the belief in the decentralized economy, anyone, anywhere can succeed. The vision of the platform is to accelerate people’s adoption of blockchain for open, fair, and decentralized Web 3.0 commerce.
In addition to this, the primary aim of Metis is always been to develop a user-friendly technological and functional platform that makes blockchain accessible to anyone, empowering both personal and professional lives.