Metis is an Ethereum Layer 2(Optimistic Rollup) + DAO Infrastructure for Web 3.0 Economy. Our vision is to scale Ethereum to connect the Web2 world with Web3, enabling the entire Web3 world to be built on Ethereum via Metis Layer 2. Metis also defines a new DAO structure - DAC (Decentralized Autonomous Company) to act as the fundamental unit to support the operation and management of decentralized applications, communities and business.

Metis' scalable protocol supports a wide range of use cases, including NFT platforms, decentralized reddit-like social platforms, open-source developer communities, influencer communities, gamer communities, freelancer communities, crowdfunding, yield farming, DEX trading,etc.

Metis is an Ethereum Layer-2 scaling solution aiming to solve the blockchain trilemma: that blockchains cannot be decentralized, secure, and scalable simultaneously. It also strives to solve Ethereum's biggest challenges: speed, cost and scalability.

Metis wants to help developers create and manage existing decentralized applications (dApps), while also supporting developers and entrepreneurs who want to build and launch new dApps. It also integrates the Decentralized Autonomous Company (DAC) framework into its Layer 2 infrastructure to help developers and businesses move from Web 2.0 to Web 3.0.

Elena Sinelnikova, Kevin Liu, and Yuan Su founded Metis in 2019, but the business didn't officially launch until Nov. 17, 2021.

Sinelnikova established other crypto projects prior to founding Metis, including the non-profit blockchain educational hub Crypto Chicks, in 2017. She has a Masters degree in computer science and experience working in blockchain, cybersecurity, software development, and as a full-stack programmer.

Kevin Liu worked as an investment manager and in strategic development before launching Metis. He has an undergraduate degree in management and an MBA from the Chinese Academy of Sciences.

Yuan Su studied computer science as an undergraduate and then did an MBA at the University of Toronto. After graduating, he worked as a software engineer and manager at IBM until 2019, when he co-founded Metis. He now also heads up development at CaseWare International.

MetisDAO differentiates itself from other protocols in a few different ways.

Metis users can transact quickly and cheaply on the Ethereum blockchain thanks to Optimistic Rollups, which batch multiple transactions into one transaction that is then processed on Ethereum. Its Layer 2 infrastructure uses Ethereum's security and decentralization to make transactions cheaper and faster.

Transaction data is usually stored on layer-1, whereas Metis stores most of its transaction data off-chain, with only the minimum viable data stored on its layer-1. This off-chain data is then placed in Memolabs storage by the Sequencer. When compared with a Layer 1 like Ethereum, storage on Memo Labs is substantially cheaper.

Metis also offers a modular framework, allowing developers to build and customize their own dApps using Metis infrastructure.

MetisDAO is both a Layer 2 scaling solution and a platform for building and running decentralized autonomous companies (DACs).

The MetisDAO Foundation has launched a grants program to empower contributors and communities to kickoff their DACs on KORIS called the DAOTribution Campaign. Through the DAOtribution Campaign, the MetisDAO Foundation opens weekly Kohorts for qualified applicants to submit grant proposals and receive funding through the Metis token.

On March 2, 2023, MetisDAO announced that it was building the first-ever Hybrid Rollup by combining optimistic rollup architecture with zero-knowledge proofs. Although work on the rollup is still ongoing, Metis believes that combining both architectures will help it provide a secure, developer-friendly Layer 2 for Ethereum developers to deploy all types of decentralized applications.

The tokenomics of MetisDAO (METIS) is as follows: a maximum supply of 10,000,000 tokens. The first 49.3% of the total supply of METIS tokens was minted in 2021 for cold launch, team, advisors and investors allocation, and ecosystem/community development.

The rest of the 50.7% of METIS tokens will be allocated to: 4.86% for community benefits (including mining), 10% for early-stage Rangers mining, 3% for community development in upcoming Discovery Age, 32.84% for transaction-related mining in upcoming Discovery Age.

MetisDAO is available on OKX, BingX, Huobi, Coinbase, BitMart, BYDFi and more.