What is Metis (METIS)?

Metis is a Layer-2 (L2) scaling solution designed to enhance Ethereum’s scalability, reduce transaction costs, and enable decentralized collaboration. By building on Ethereum’s security, Metis addresses the blockchain’s limitations, such as high fees and low throughput. It provides innovative tools like Decentralized Autonomous Companies (DACs), Optimistic Rollups, and native storage solutions to facilitate decentralized business management and Web3 collaboration.

Initially developed as a fork of Optimism, Metis evolved into its own distinct protocol with the introduction of the Metis Virtual Machine (MVM) and its Andromeda update in November 2021. MetisDAO's vision is to revolutionize how individuals and businesses collaborate in the Web3 ecosystem, offering better governance, reputation systems, and decentralized management tools.

METIS: The Native Token

The METIS token is the backbone of the Metis ecosystem, offering utility across governance, transaction processing, and incentives for network participation.

Key Features of METIS:

Governance: Token holders participate in decision-making processes to influence the future of the platform.
Gas Fees: Used to execute transactions on the Metis network.
Staking: Sequencers and Rangers stake METIS to validate transactions and secure the network.
Rewards: Builders and ecosystem participants earn METIS through incentive programs.

The Metis Ecosystem

Metis offers a comprehensive ecosystem that includes tools and features for decentralized collaboration, business management, and more.

Optimistic Rollups
- Processes transactions off-chain for Ethereum validation.
- Reduces costs and improves scalability while maintaining security.
Decentralized Autonomous Companies (DACs)
- Advanced DAOs with tools for governance and management.
- Features include Reputation Power (RP) to track on-chain activity and treasury management.
NFT Bridge and Native Storage
- Enables cost-effective NFT transfers between Ethereum and Metis.
- Integrated with IPFS for decentralized and secure data storage.
POLIS Middleware
- A dashboard for managing transactions, smart contracts, and blockchain tools.
- Designed for ease of use.
Builder Incentive Program
- Rewards developers with transaction revenue to foster dApp innovation.

Buy and Sell Metis (METIS) in a Crypto IRA at iTrustCapital

For those looking to buy and sell Metis (METIS), platforms like iTrustCapital provide access to a tax-advantaged Crypto IRA*, combining the growth potential of digital assets with the benefits of a retirement account.

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*Some taxes may apply.

DISCLAIMER

This article is for information purposes only. It does not constitute investment advice in any way. It does not constitute an offer to sell or a solicitation of an offer to buy or sell any cryptocurrency or security or to participate in any investment strategy.

iTrustCapital is a digital asset IRA software platform. It is not an exchange, funding portal, custodian, trust company, licensed broker, dealer, broker-dealer, investment advisor, investment manager, or adviser in the United States or elsewhere. iTrustCapital is not associated with and has no direct relationship with METIS. iTrustCapital is not affiliated with and does not endorse any particular digital asset, precious metal or investment strategy.

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