PAID Network is proud to announce a new partnership with Metis, a Layer 2 solution based on Ethereum that brings scalability, affordability, and accessibility with its easy-to-use roll-up structure.
This new partnership is of major significance for PAID and the future of our Apollo-X and Ignition launchpad platforms. This is because it will allow our development team to build both platforms on Metis’ Layer 2 infrastructure to reach higher efficiency levels and benefit users with lower gas fees, increased transaction speeds, and more scalable functionalities in the long run.
By utilizing the Metis Layer 2 solution, both Apollo-X and Ignition will leverage the power of a blockchain ecosystem with high speeds and low costs. To put this into perspective, transactions on Metis Layer 2 cost less than 1 cent and take less than 1 second.
Elena Sinelnikova, Co-Founder and CEO of Metis said:
– “From their commitment to making business more efficient to their strong track record as a leading launchpad operator, PAID Network shares so much in common with Metis when it comes to using innovation to help companies succeed. With PAID now deploying Metis Layer 2 technology to partner with us and scale their business, that common bond gets even stronger.”
The deepening of ties between PAID and Metis will also allow PAID to join the Metis Ecosystem Development Program and provide investment, funding and launchpad support for projects that operate in the Metis Layer 2 ecosystem. PAID and Metis will work very closely on co-marketing, promotions and global community building with an emphasis also on building an engaged and driven Chinese speaking community.
Kyle Chasse, CEO of PAID Network, also 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) to 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, including 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, a differentiating factor that makes 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 their development, manage collaboration, and enjoy the network effects of the world’s largest decentralized finance ecosystem, without the costs and bottlenecks normally associated with Ethereum.
Metis’ goal is to make building dApps and DACs on its platform so easy to do; even total blockchain novices can make it happen in a matter of minutes.
PAID Network seeks to redefine the current business contract, litigation, and settlement process by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID. Leveraging Plasm to operate on both Ethereum and Polkadot ecosystems, SMART Agreements built through smart contracts execute DeFi transactions and business agreements seamlessly, making business exponentially more efficient.
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