Metis AlphaHub Blog
Update
Community
4 months ago
Metis is excited to unveil Hyperion (HYPE), our next-generation, high-performance Layer 2 network designed to optimize scalability, decentralization, and real-time transaction efficiency. Built on the Metis SDK, Hyperion introduces the Metis Virtual Machine (MetisVM), compatible with Ethereum and providing robust infrastructure support for AI applications. This innovation offers unparalleled efficiency for executing smart contracts, including DeFi, on-chain gaming, and AI inference. metis.io
Key Features of Hyperion:
- Optimistic Rollup & Parallel Execution: Hyperion integrates parallelized transaction execution with an Optimistic Rollup model, significantly increasing transaction throughput and reducing latency. metis.io
- Decentralized Sequencer Network: A fair, scalable, and censorship-resistant system that optimizes AI workloads. metis.io+6metis.io+6docs.metis.io+6
- Ethereum Settlement & Cross-Chain Interoperability: Ensures seamless liquidity movement and compatibility with Ethereum and other blockchains. metis.io
Hyperion's specialized infrastructure enables AI applications to achieve performance previously unattainable on blockchain networks, pioneering new possibilities for Layer 2 solutions.
Learn More:
For an in-depth understanding of ReGenesis and Hyperion, visit our HelpDesk and participate in the "Voyage Through ReGenesis" on the Community Alphahub to engage with explore these advancements further.
Stay tuned for more updates as we continue to revolutionize the Layer 2 landscape with Metis Hyperion.
Update
Community
4 months ago
Community Update: Open Letter from Natalia, Co-Founder of Metis
Original Source: https://forum.ceg.vote/t/to-metis-community/3887?u=nat
Natalia, Co-Founder of Metis, has penned an open letter to the community, sharing transformative insights and future plans. You can read her full letter here.
Summary of Key Points:
ReGenesis Initiative Launch: Metis is spearheading a new era with the ReGenesis initiative, which aims to rejuvenate the blockchain ecosystem by integrating AI with Web3 technology.
Addressing Ethereum's Challenges: With Ethereum facing stagnation, ReGenesis seeks to innovate and adapt beyond conventional strategies, learning from the success of platforms like Solana and Base.
Metis’s Unique Contributions: Metis has always led with pioneering steps such as DAO-centric governance and a decentralized sequencer, establishing itself as an innovator in the blockchain space.
Goals of ReGenesis: The initiative highlights the need for high-performance architecture and the development of applications that align AI with blockchain to expand the ecosystem's purpose beyond just DeFi and NFTs.
The Vision for AI and Web3: Unlike other initiatives, ReGenesis not only supports AI but also creates a complete environment for AI to become integral to the Web3 ecosystem through decentralized AI data assetization.
This update reflects Metis's commitment to pushing the boundaries and leading the blockchain community into a future powered by AI innovation. Explore Natalia’s open letter to delve deeper into these exciting developments.
Update
Community
7 months ago
The W3DV AlphaSwap bridge opens up powerd by RocketX.
Bridge. Stake . Meme.
1,000 Metis is assigned (so far) to those who use the Bridge and rewards are amplified by your contribution.
Word on the street is that’s only the start.
How many times have you Crashed?
Check how many others have below.
x.com
https://x.com/search?q=race.rocketx.exchange%2F&src=typeahead_click&f=live
Update
Community
7 months ago
RocketX,Enki and Pumpe have onboarded to the Voyage!
Get a headstart with the Align Quest and stay tuned for their AlphaDrop announcements coming shortly after on how to get recognized and rewarded directly in their Voyages also!
Update
Community
7 months ago
Metis turns 3 and celebrates by announcing the Metisan of year! Congratulations to @hanturksc for getting recognized for every contribution made through the W3DV protocol to Enki,Hercules,Artemis,Netswap and getting off to a flying start on the Voyage Campaign also!
v1
7 months ago
After months of work and care from early testers, W3DV core contributors and superstars from the Metis Foundation team the Metis Voyage is ready for launch.
The Metis AlphaHub opens to host the Metis Voyage Campaign. RoBIT is here to guide you on your journey through the Metis ecosystem!
Bridge,Stake, Meme and contribute to unlock rewards and get ready to participate in AlphaDrops from participating projects onboarding to the Voyage!
Stay tuned for more updates as projects onboard to the Metis Voyage!
Buidling
Roadmapping
7 months ago
RoBIT is born to help navigate the Metis Voyage. Quest UI updated to incorporate our new Sidekick.
Buidling
Roadmapping
8 months ago
Campaign previewed with early community testers. Initial bugs,support tickets acted upon to streamline contribution and participation.
Buidling
Roadmapping
9 months ago
Campaign redesigned to take into different contribution categories.
Initial preview of Quest UI designed and developed.
Review of past campaigns carried out and report documented.
W3DV protocol implemented for recognition and rewards to streamline contribution categories and recognition of contributions.
9 months ago
Campaign delayed to take into account of community feedback of recent reward campaigns including Layer3.
Community feedback sentiment gathered and reviewed to further align future campaigns.
Audit on Metis recognition and reward model undertook to identify sustainable and alligned community campaigns to facilitate contribution and reward genuine participation.
Buidling
Roadmapping
10 months ago
Discover calls with participating projects held to review and align support for upcoming community campaign.
beta
Roadmapping
10 months ago
Reflections on Metis Champs campaigns wins and opportunities to improve take place.
Preliminary Campaign called Metis Voyage previewed with brand assets,landing page and feature video designed.
Metis will support 10 projects announcing recognition and reward campaigns.
Buidling
Roadmapping
1 year ago
Discussions held between W3DV, AlphaDrops and Metis about hosting a sustainable community recognition and reward campaign.
Update
Roadmapping
1 year ago
Heard a lot of discussions regarding the direction and approaches for the future of Metis from our community. As a co-founder and key stakeholder of the Metis ecosystem, I would like to propose to the community what I’m thinking to move forward.
The History
Thank you, Vitalik, for reminding us that Metis’ positioning as a Layer 2 (L2) solution is geared towards DAOs. My mind drifted back to a cold winter day in 2019 when I took a one-hour train to downtown Toronto and met with Elena at a café in Harbourfront Center. I brought a few pages of paper with ideas I had sketched out to discuss with Elena, and those few pages of ideas eventually became the inception of Metis.
We aim to onboard real value-creating products and businesses onto the most viable blockchain ecosystem—Ethereum. On-chain collaborations are crucial to achieving that vision. We believe that blockchain is not just about DeFi, even though it currently constitutes the largest economic activities in various blockchain ecosystems. I wrote several articles at that time to explain our reasoning:
Peter, another co-founder, articulated our thoughts on on-chain collaborations and DeFi nicely. DeFi serves as the financial market for value circulation, while on-chain collaborations serve as the means to create value. Both need each other to complete the economic cycle. Without either, there would be inefficient price discovery or Ponzi schemes due to the lack of value backing.
In 2019 and 2020, Ethereum’s infrastructure was not as robust as it is today. Transaction speed and fees were major issues preventing businesses from onboarding onto Ethereum, creating a significant roadblock for implementing on-chain collaborations. So, we decided to scale Ethereum as a starting point, leading to the first stage of Metis Layer 2 development over the past three years.
With the infrastructure now in place, Metis Layer 2 has been operating smoothly for two and a half years. We have over 20 DeFi protocols running on Metis Layer 2. Metis is also the first to implement and operate Decentralized Sequencers, sharing network ownership with all community contributors. Sequencer nodes earn mining rewards based on the number of transactions (i.e., block productions), creating a natural and perfect funnel from value creation (transaction volume) to rewards generation. These rewards can then be circulated within the Metis ecosystem’s financial market. Having laid this foundation, it’s time to focus on the upper-layer building.
Driving Transaction Volume
As a general-purpose scaling solution for Ethereum, Metis is EVM equivalent, supporting all types of applications. Among these categories, we need to identify which ones can drive transaction numbers. Based on industry practices, I suggest focusing on the following use cases:
Meme Coin:
Community members want to participate in a project fairly and find consensus with other holders. A memecoin that is inclusive, fun, and non-offensive can resonate well across cultural boundaries.
Games:
Innovative gaming models are anticipated, not just selling NFTs. PvP games, sports and racing games, puzzle games, social games, and other genres are what we are looking for.
RWA (Real World Assets):
Blockchain can connect with the real world, creating value by addressing actual issues in the physical world. Metis can help enhance transparency, improve liquidity, enable fractional ownership, and facilitate more efficient transactions, transforming traditional asset management and trading.
On-Chain Society:
Various use cases will emerge, such as on-chain identity, on-chain attestation, on-chain collaborations, charity and NGOs, and the formation of social groups and cultural clusters.
How to Achieve This
To drive more transaction volume onto Metis, I suggest we focus on the following tasks:
Community:
- Bring back all the Metis OG/KOLs and expand our loyal community members.
Infrastructure:
- Lower gas costs further by integrating with EigenDA.
- Build the most secure L2 by implementing security measures in Sequencer Nodes, launching Fraud Proof, and addressing concerns from L2beat.
Incubation and Grants:
- Work with incubators like P1X, AllianceDAO, and others to onboard the next unicorn projects.
- Develop new grant rules and systems and redirect the Ecosystem Development Fund to support these directions.
D-Seq Nodes:
- Create channels for high transaction volume projects to become Sequencer Nodes, ensuring Always-On operation, ownership sharing, and mining rewards.
Partner Success:
- Implement an Account Manager system to better serve existing projects on Metis, helping them grow, thrive, and innovate to bring more transaction volumes and TVLs.
The Utilities of Metis Token
Metis token is designed to have utility from day one, serving as the gas token on Metis Layer 2. With the launch of Decentralized Sequencers, Metis tokens are used to lock into various sequencer nodes, providing network security. In return, sequencer nodes and LST users gain mining rewards based on the blocks produced by each node.
Since Metis Foundation has directly and indirectly incubated and invested in various projects, I suggest considering Holders Mining. This would allow Metis token holders to mine part of the portfolio projects’ tokens that the Foundation is entitled to due to its incubation or investment efforts. This gives Metis tokens additional utility and rewards long-term loyal holders.
How Can ZKM Boost the Metis Ecosystem?
The community has asked how ZKM can benefit the Metis ecosystem as a whole. ZKM’s mission is to unify fragmented liquidity across different chains via its Entangled Rollup framework and the underlying zkVM. Naturally, ZKM can help drive more liquidity into the Metis ecosystem. ZKM is currently supporting the GOAT Network, a Bitcoin Layer 2 network, which will soon launch. GOAT Network has been committed thousands of BTC into its asset pool. When Metis integrates with the Entangled Rollup framework, a large chunk of Bitcoin assets will flow into the Metis ecosystem for arbitrage or yield opportunities.
Since Metis Foundation incubated ZKM and GOAT Network and holds stakes in the project, the Holders Mining proposal would allow Metis token holders to mine part of the portfolio projects’ tokens, further benefiting the ecosystem.
Please let me know your ideas or comments regarding the direction and approaches. Let’s make Metis greater again, altogether!
Kevin Liu
Decentralized Coordinator of Metis Foundation and Cofounder of Metis
Powered by Notaku