Ethereum

Metis

Ethereum Layer 2 Metis announced a $100 million fund to accelerate the growth of its ecosystem. The Metis Ecosystem Development fund will allocate 4.6 million METIS tokens to fund sequencer mining, retroactive funding, deployment of new projects and other endeavors.
Metis expects to become the first optimistic rollup that decentralize its sequencer early next year. Sequencers are responsible for bundling up transactions from users and passes them along to the Ethereum mainnet.
The timing of distribution of the newly announced ecosystem funds will come a week after the Metis decentralized sequencer is supposed to go live.

Ethereum Layer 2 Metis Announced $100M Ecosystem Fund and to Launch Decentralized Sequencers

TokenInsight

Other articles published on Dec 22, 2023

Significant Developments in Cryptocurrency Regulations in Spain

Demystifying Cryptocurrency Fees: A Buyers Guide

BarnBridge DAO agrees to settle $1.7M with the SEC for charges against it

What’s Driving Galxe Price Towards A Breakout: Technical Analysis

Crypto influencers and projects targeted in SIM-Swap attacks ahead of Christmas

Solana Surges Past Binance Coin, Eyes $110 as Market Heats Up

Join our free newsletter for daily crypto updates!