Last week, Permissionless brought a new energy to Palm Beach. The web3 community took the city by storm through innovation, buidling, and many good vibes. Web3 social summer truly kicked off with all our favorite projects, builders and frens, featuring many focussed and fun events, and the surprise launch of…

Dear Metis Community, As you know, almost all the economic activities of Metis are happening on the Metis Andromeda network, which is the Layer2 sitting on top of Ethereum. So in order to properly incentivize ecosystem projects and community, the Metis tokens originally locked on Ethereum(Layer1) for Community Development and…

Metis is a well-known advocate for builders and the community, and we want to bring the best products and opportunities for those we advocate for. Thus we are very excited to be hosting an upcoming Rollathon alongside Github. This will be a great way to incentivize both the creation of…

On April 12, 2022, Metis integrated a storage layer benefitting its rollup structure. Metis is now leading the L2 industry with the lowest gas costs of all L2s, while maintaining high security and data availability. Through leading innovation and evolution, L2Beat has reclassified Metis as an Optimistic Chain. In light…

Welcoming all Metisians and frens to Metis Fest! On April 22nd during DevConnect, we kicked off our first fest at Q-Factory in Amsterdam and are preparing to follow up our success in great crypto fashion at the Consensus festival in Austin, Texas on June 11, 2022! To ‘talk crypto’, Metis…

Happy Earth Day from Andromeda! Today is in fact the 52nd ever Earth Day in the history of our beloved planet. At the 1969 UNESCO conference to advance world peace and security, American peace activist John McConnell proposed a day to honor Planet Earth. …

Why are transaction costs not in cents yet? Much of the gas cost incurred on an optimistic layer 2 network is to offset the cost to rollup the transaction to ethereum L1. Ethereum mainnet is expensive. For example, https://etherscan.io/tx/0x801b65cfd1f0de5a184f42bab7d74e41234d2f8837fc5efae9506dadbd78ba15 The above transaction rolled up 107 transactions. At the time of writing this post, the cost of that transaction…

Our new decentralized storage is used for rollup data and fraud-proof challenge processes, so a much larger number of transactions can be rolled up at once, resulting in a significant reduction of transaction costs — from a cost of about $2-$3 just a few months ago to 2 cents and…