21 Jun Metis Partners with PAID Network
Partnership with PAID Network
This new partnership will enable the PAID development team to build the Apollo-X and Ignition launchpads on Metis’ Layer 2 infrastructure. The result will be lower gas fees, increased transaction speeds, and more scalable functionalities. The easy-to-use Metis Rollup structure makes all of that possible.
Metis is built on top of the decentralized Ethereum blockchain. This means that PAID will also benefit from the highest levels of security, which are not available on centralized sidechains.
With Metis Layer 2, Apollo-X and Ignition will enjoy transactions on Metis Layer 2 that cost less than 1 cent and take less than 1 second.
Elena Sinelnikova, Co-Founder and CEO of Metis said:
– “PAID Network shares so much in common with Metis when it comes to using innovation to help companies succeed. As a leading launchpad operator, PAID is committed to making business more efficient. With PAID deploying Metis Layer 2 to partner with us and scale its business, that common bond gets even stronger.”
The partnership enables PAID to join the Metis Ecosystem Development Program. The program provides investment, funding, tech muscle, and launchpad support for projects that operate in the Metis Layer 2 ecosystem. PAID and Metis will work closely on co-marketing, promotions, and global community building. In addition, the partnership will emphasize building an engaged and driven Chinese-speaking community.
Kyle Chasse, CEO of PAID Network, said:
– “Our partnership with Metis represents a valuable stepping stone for both our Apollo-X and Ignition launchpad platforms and their respective communities. Metis’ Layer 2 solution, called the Metis Rollup, makes building and running dApps much cheaper and much more efficient, while providing far greater scalability and a higher level of functionality than Ethereum alone can offer. Metis’ Layer 2 solution will allow us to scale Apollo-X and Ignition even further and provide a more cost-effective and efficient user experience for both communities.”
Based on the spirit of Optimistic Rollup, Metis is building an easy-to-use, highly scalable, low-cost, and fully functional Layer 2 framework. Metis Rollup will fully support the application and business migration from Web 2.0 to Web 3.0. Its scalable protocol supports a wide range of use cases. Those include yield farming, DEX trading, and powering the gig economy via dApps that offer cheap and fast micropayments.
Metis integrates the Decentralized Autonomous Company (DAC) framework within its Layer 2 infrastructure. DACs make it easy for any developers, builders, or community leaders to build their applications and communities. It also makes it easy to use the pre-set tools to facilitate development and manage collaboration. With Metis DACs, users enjoy the network effects of the world’s largest decentralized finance ecosystem, without Ethereum’s usual costs and bottlenecks.
Metis makes building dApps and DACs so easy to do, even total blockchain novices can make it happen in a matter of minutes.
Developers can try out the recently launched Metis Layer 2 Beta Testnet today.
Early adopters will become eligible for $METIS token rewards.