The MetisDAO Foundation unveiled the Metis Ecosystem Development Fund, allocating 4.6M METIS tokens worth around $100M. Funds aim to bolster sequencer mining, project deployment, and more. METIS token, currently at $22.56, witnessed an 8% drop. Distribution is slated for Q1 2024, supporting NFTs, DeFi, smart contracts, and security projects. Metis plans to decentralize its sequencer, kickstarting incentives from this fund.
Metis, Ethereum Layer-2 Network, Creates $100M Fund as Decentralized Sequencer Launch Nears
