Buying Metis (METIS) is easy!

Why buy Metis (METIS)?

Buying Metis (METIS) might make sense if you believe that Ethereum’s Layer 2 adoption will grow in the future. This assumption is by no means unfounded, according to VanEck, one of the industry’s most popular investment funds, Ether’s scalability solutions will reach a combined market capitalisation of $1 trillion by 2030.

The native token of this ecosystem is METIS, which must be bought if one intends to use the network. It is the only means to pay transaction fees and participate in the blockchain’s decision-making process. 

Metis is the eleventh Layer 2 with the most monetary value locked up in it (TVL). Currently, around $630 million circulates on this network, 1.4% of the total stored on Ether’s scalability solutions.

What it is and how it came into being

Before making a decision to buy Metis (METIS), it is crucial to understand this project in detail. Metis is an Ethereum Layer 2 that utilizes Optimistic Rollup technology, which verifies the accuracy of transactions, collected in ‘packets’, after they have occurred. This enables faster and more cost-effective processing, reducing gas costs and increasing speed. 

This network introduced the concept of ‘DAC’ (Decentralised Autonomous Company), allowing companies to operate decentralised on the blockchain using integrated tools, e.g., useful for human resources management or bookkeeping. Metis was founded by Elena Sinelnikova, Kevin Liu, and Yuan Su with the aim of making the adoption of Ethereum easier and more scalable. If you believe in the future of blockchain technologies and the vision of an increasingly accessible Ethereum network, buying Metis (METIS) could be a smart move.