Dear Metisian,
I just spent ten days in Singapore engaging with potential partners, liquidity providers, and our team. Elena, Yuan, and Tom were also present to announce the partnership with ABGA and Google Cloud for the Gamfi launchpad. I’d like to share my insights from this firsthand experience.
Ethereum Needs Layer 2
Vitalik Buterin recently discussed the progress and vision of L2s and Ethereum alignment:
Stages of L2s 6
Ethereum Alignment 4
The rise of other high-performance blockchains, such as Solana, Sui, Aptos, and the upcoming launches of Berachain and Monad, have highlighted the competitive landscape. Despite this, Ethereum’s approach to scalability through Layer 2 remains unique—it balances decentralization with efficiency, rather than compromising security for speed. This vision, championed by Vitalik and the broader Ethereum community, affirms the belief that Ethereum, empowered by robust L2s, will continue to lead the decentralized ecosystem.
At Metis, we firmly believe in this approach, and we are committed to pushing L2 technology forward. We’ve doubled our development team recently and are actively
enhancing the D-Seq framework,
migrating to Ethereum Blob
developing fraud proofs
expanding with cross chain accessibility and interoperability, leading with Chainlink conical CCIP integration
—all aimed at solidifying our position in the L2 ecosystem. By aligning our work with Ethereum’s roadmap and vision, we ensure that Metis not only contributes to Ethereum’s scalability but also remains at the forefront of innovation in the blockchain space.
User Growth & Ecosystem Expansion
We’ve implemented a user growth strategy, and our governance team has restructured the grants framework. Our recent release of the Metis Grants Framework has formalized our approach to processing grant requests and furthered our decentralization efforts. We’re collaborating with Gitcoin, Thrive, and our Portfolio Company P1X to bring high-quality projects to the Metis ecosystem, distributing the responsibility of verifying grant applicants and project milestone delivery. This ensures greater community involvement and transparency in the ecosystem’s growth.
DeFi Kingdoms Metis exclusive PVP Colosseum game is going live, and the Arena of Faith Tournament is about to begin. We also hope to attract more engaging games through the new Gamfi launchpad.
Artemis has accumulated over 240K Metis staking. OKX Earn, Hashkey Cloud, SNZ, TEB, and several others are set to join our sequencers. With D-Seq as our anchor, we’re seeing exciting business opportunities, including MEV and new global partnerships with high concentration in the APAC region…
Metis: The Innovator
Metis was among the first to launch an L2 mainnet, alongside Arbitrum and Optimism. We were the first to use Metis tokens for gas fees, implement off-chain DA (now evolving towards EigenDA, Celestia), and establish D-Seq. We’re also the pioneers in pushing the boundaries of decentralization.
Our approach to sustainability is unique. By incubating and investing in diverse areas, we can A/B test different business ideas, verifying their viability. Some examples:
Governance Sharing: Our governance framework benefits all Foundation portfolio companies.
D-Seq Enhancement: The improvements in D-Seq from Metis L2 and GOAT Network create a positive feedback loop, expediting advancement in the underlying tech stack.
Security & Rewards: Metis Foundation operates sequencer nodes for both Metis L2 and GOAT Network, ensuring security while earning mining rewards, which are returned to the community.
zkVM: With ZKM, Metis is the first OP L2 to have its own capabilities to integrate with ZKP, which also expands the outreach of the Foundation from Ethereum to Bitcoin, and more into the future as zkVM can work alongside MoveVM,Solana VM, etc.
With our portfolio companies expanding into different sectors, we’re reinforcing the sustainability of the Foundation’s vision to build a decentralized economy. Our commitment to driving innovation is unmatched.
#DailyCryptoNews
💼 Top crypto news for Monday, October 7
📌 21. co taps Crypto. com for Bitcoin liquidity services in partnership.
📌 US files complaints to seize assets from North Korean hackers.
📌 Telegram to enable NFT conversion for new Gifts feature.
📌 UAE exempts crypto transfers, conversion from value-added tax.
Bullish or bearish news overall?
👍 - Bullish
👎 - Bearish
🤔 - Neutral
🎬 Tether unveils USDT documentary to celebrate 10-year milestone
To celebrate, Tether is launching its documentary ‘Stability and Freedom in Chaos’ soon.
The documentary’s trailer features interviews with users from inflation-stricken countries like Turkey, Brazil, and Argentina, where stablecoin adoption has surged in recent years.
Over last 2 days in additon to the 53% above longed BTC, 25% profit, short TAO lost 7% and profit 21% shorting TAO , not bad for a noob, seriously i just used Whyckoff trading method no drawing resistance and complicated stuff, fund the side way and trade the zone
Читать полностью…Everyone can get scammed , he lost credibility and imo was worth more, I banned him from a very high level chat for the sake of a few dollars he could have made a real big project with some connections he had, all burned now
Читать полностью…I also nearly got scammed by Saf 🤣 i was minutes from buying a shitcoin than he removed liquidity, got saved by a friend
Читать полностью…She didn’t loose much, no big deal cost her more the expert to recover her account, but an other guy lost 15k and other 5 k
Читать полностью…Guys gonna share an X ,this girl was hacked , she is the second person i know that was hacked in the same way, and one more I know in a similar way , there is pattern, I put her in contact with someone who helped her to get back her account, read and learn be careful
https://x.com/cryptogirlnova/status/1842605707071565918?s=46
#DailyCryptoNews
💼 Top crypto news for Friday, October 4
📌 Brazil tests DeFi elements, compatibility in Drex CBDC pilot.
📌 US and SEC back class-action suit against Nvidia in Supreme Court.
📌 Coinbase to delist noncompliant stablecoins under EU MiCA rules.
📌 Grayscale launches Aave fund amid DeFi surge.
Bullish or bearish news overall?
👍 - Bullish
👎 - Bearish
🤔 - Neutral
Coinbase to Delist Non-Compliant Stablecoins in EU in December
This is a potential blow for tokens like Tether Holdings Ltd.’s USDT.
Coinbase will provide an update on its plans next month, including options for users to convert their stablecoins to EU-compliant versions like Circle Internet Financial Ltd.’s USDC.
Guys if anyone asked you to download anything that’s 99.9% a scam and will take over your computer and all wallets, be careful
Читать полностью…New Tap to Earn game by Mirai labs. ( the creators of Pegaxy ). Tap to level up your waifu. Juicy animations and fun to play. Please join via link.
/channel/pocketwaifu_bot/game?startapp=NQFLBRN1
#DailyCryptoNews
💼 Top crypto news for Thursday, October 3
📌 Grayscale launches Aave investment fund.
📌 Ripple and Mercado Bitcoin to launch crypto-enabled payments in Brazil.
📌 Visa unveils platform for tokenized digital asset management.
📌 Banks to join SWIFT digital asset trials in 2025.
📌 SEC files appeal in Ripple lawsuit.
Bullish or bearish news overall?
👍 - Bullish
👎 - Bearish
🤔 - Neutral
#DailyCryptoNews
💼 Top crypto news for Wednesday, October 2
📌 Bitwise files first Form S-1 for XRP ETF with US SEC.
📌 Lamborghini brings cars to Web3 games with Animoca, Motorverse partnership.
📌 Kraken to end Monero support in European Economic Area.
📌 Taurus, Chainlink collaborate to facilitate institutional tokenization.
Bullish or bearish news overall?
👍 - Bullish
👎 - Bearish
🤔 - Neutral
What’s on the horizon
We see our vision is becoming a reality as we establish the core infrastructure needed to further expand the decentralized network.
One of our upcoming significant advancements will be the integration of a hybrid roll-up solution powered by ZKM. This unique approach combines the strengths of both ZK proofs and an Optimistic framework. ZKM will allow us to expand BTC utility on chain in ways that were previously not possible. This innovation positions Metis as a pioneer in enabling seamless cross-chain liquidity, which is critical in a highly fragmented economy.
Beyond technological innovation, we have strategically been expanding our reach into emerging markets. Over the past 12 months, Metis has been working closely with forward-thinking teams in Machine Learning, DePin and the payment sector. By aligning ourselves with pioneers in these fields, Metis is positioning to capture real-world value in areas such as AI, decentralized infrastructure, and borderless payments.
As we continue to evolve our governance model, we’re embarking on three key research initiatives to enhance community engagement and operational efficiency:
Optimizing voting mechanisms
Improving community participation incentives
Streamlining operational processes
By analyzing voter behavior, exploring innovative reward systems, and identifying areas for automation, we’re laying the groundwork for a more robust, participatory, and efficient governance structure. These efforts will not only strengthen our decision-making processes but also pave the way for greater decentralization and community empowerment within the Metis ecosystem.
The Value of the Metis Token
Currently, the value of Metis tokens is primarily linked to user activity on Metis L2. However, through our incubation of projects like GOAT Network(ZKM), Nuvo, P1X, Artemis, and many more, the value capture extends across our entire portfolios. Token holders who lock their Metis will be eligible to receive tokens from these portfolio companies. I propose that we conduct a community vote to formalize this “holders’ mining” initiative.
Best Regards,
Kevin Liu
Gonna share something very technical about Metis, it also explains in part how L2 work and how ETH works, use it as a study resource fell free to ask if you need explanation
Читать полностью…💪 Bitcoin remains the best-performing asset class in 2024
Bitcoin remains the best-performing asset so far this year, even after a “seasonally weak” third quarter, according to the New York Digital Investment Group (NYDIG). It has seen a year-to-date gain of 49.2%.
NYDIG noted that the US election on Nov. 5 will play a big part in market performance for Q4, and expects more considerable gains if Trump wins.
Damn I remember not investing in Saf's project lol, saved myself. I was almost convinced as I saw you as the mod of the tg chat of his project 😄
Читать полностью…yeah this social engineering scams are usually very well planned and could happen to everyone. one time I almost get into one but because the amount was high for me i decided to wait and reach out to person the next day and it saved me lol.
Читать полностью…Sad it happens even to experienced among us. Sorry for her loss.
One thing I noticed also is scams usually appear at peak bear markets where people desperate for opportunities... so if it sounds too good to be true or just good it's a good thing to do a double check on everything and wait for some time. Usually great opportunity in business stay great for few days/weeks and if smbd is rushing you it's always a red flag
Airdrops don't always meet expectations
According to Keyrock research, 88% of altcoins released via airdrops this year have seen their prices drop, with most collapsing within 15 days.
Of the 62 altcoin airdrops analyzed by Keyrock, only 8 yielded positive returns after 90 days, with 4 of them being Ethereum-based and 4 being Solana-based.
🎬 HBO to reveal Satoshi Nakamoto’s identity
HBO has promised to name the real Satoshi Nakamoto in the documentary Money Electric: The Bitcoin Mystery. The original HBO documentary will be shown on October 8, at 9 p.m.
Polymarket has opened a bid on the identity of Bitcoin’s creator, with Len Sassaman, a long-rumored candidate, currently leading.
So far, bids totaling 100,000 dollars have been placed.
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Bitcoin bull cycle outpaces historical patterns by 100 days
Bitcoin’s bull market cycle has been accelerating, running 100 days ahead of its typical four-year cycle, according to a new report by CoinMarketCap.
“This time, Bitcoin is ahead by about 100 days, pointing to a potential peak between mid-May and mid-June 2025 [...] Despite this early acceleration, there are signs of slowing infrastructure growth, which could indicate that broader market dynamics are evolving.”Читать полностью…
New Tap to Earn game by Mirai labs. ( the creators of Pegaxy ). Tap to level up your waifu. Juicy animations and fun to play. Please join via link.
/channel/pocketwaifu_bot/game?startapp=NQFLBRN1