Metis, a co-founder involved with ZKM, has plans for introducing a Bitcoin Layer 2 called the GOAT Network. Meanwhile, Metis itself, an Ethereum Layer-2 Network, is looking to establish a $100M fund ahead of launching its decentralized sequencer. This Ethereum Layer-2 solution has experienced significant growth, with an increase of $600m registered within two weeks. There are indications that this rise is partly due to the Binance listing, which resulted in price surges of up to 50%.
However, threats exist within this space, as highlighted by the discord hack on Ethereum Layer 2 Metis. Caution is advised, especially since phishing scams have been identified. Despite this, there are positive developments as other initiatives look to Metis, such as Aave DAO, which recently approved a proposal to deploy on the Ethereum Layer 2 Metis network.
Another notable mention is the Cross-Chain Bridge Protocol Stargate, which is seeking a partnership with Metis for more efficient interoperability. There are funny happenings too. For instance, Vitalik Buterin's mom's token METIS experienced a massive 36% rally during the Ethereum upsurge.
Still, there are controversies. FTX's previous auditor, Prager Metis, is now facing legal action from SEC. Moreover, risks in the crypto world are evident as the Poly Network hacker issued worthless billions in SHIB, BNB, BUSD on Metis, among others, following an extensive crypto hack.
Amidst all these developments, Metis continues to push forward with innovations. The new Rollup tech, for instance, seeks to address Ethereum's scalability issue for businesses. On another front, Royal Canadian Mint issued a new coin honoring the Red River Métis.
Finally, price predictions for Metis have been positive so far, indicating potentially profitable future prospects.
METIS Coin News Analytics from Thu, 11 Jul 2013 07:00:00 GMT to Sat, 03 Aug 2024 07:00:00 GMT -
Rating 7
- Innovation 8
- Information 7
- Rumor 5
