Metis DAO: Infrastructure for the Web3 World

The blockchain industry has experienced a significant transformation in the past two years with NFTs and DeFi becoming the norm. This development has caused major problems on the growth potential of Ethereum with high gas fees, slow transactions, and limited scalability. Metis DAO has emerged as a Layer 2 Ethereum scaling solution building a highly scalable protocol for next-generation dApps. In addition, the blockchain platform has established key partnerships, new products and created the first-ever community minted NFT project. Metis has also developed its unique middleware called Polis that enables developers to perform smart contract integration functions. Polis is expected to bridge between Web 2.0 and Web 3.0, allowing developers to build applications more efficiently. We explore some of the upcoming developments within the Metis DAO ecosystem for the remaining four months of the year. Public testnet launch Metis intends to launch its testnet to the public at the start of September 2021. This development will enable community members and developers to create their own Layer 2 DAC. bridge real assets from Layer 1 to Layer 2 and access other features. The launch of the public testnet will also unlock staking and mining features on the Metis DAO blockchain. Community members can join together in a single DAC to reap higher mining powers and earn more rewards from yield farming pools. Metis also intends to increase the func...