MetisDAO launches US$100 million ecosystem development fund

MetisDAO, a scaling solution for Ethereum, announced that its development organization, MetisDAO Foundation, has created a fund of about 100 million US dollars to accelerate the growth of its ecosystem. The fund is called the Metis Ecosystem Development Fund and will allocate 4.6 million METIS tokens for sequencer mining, traceability funds, deployment of new projects, and other efforts.