Press Release
Metis Announces Major New Collaborations Advancing Self-Sustainability
–News Direct–
Ethereum Layer-2 roll-up platform Metis is excited to announce major collaborations with Chainlink Labs, EigenLayer, Renzo, Ethena, and DeFi Kingdoms. These collaborations will make Metis even stronger and more accessiblea superfluid self-sustaining blockchainby enabling better user experiences and deeper liquidity.
Many Ethereum Layer 2 (L2) networks offer low transaction costs and decent user experiences. But for long-term viability, an L2 also needs to be self-sustaining with deep liquidity. Metis already has the lowest transaction fees among its peers and will soon be the first Ethereum L2 with a decentralized sequencer, removing a centralized point of failure and protecting Metiss future.
As a part of these new developments, the Metis bridge interface will be upgraded to leverage Chainlink CCIP as the official cross-chain infrastructure to power the canonical Metis token bridge, with an initial focus on bridging leading stablecoins from Ethereum mainnet onto the Metis network. Over time, additional blockchain networks and tokens are expected to be supported to further accelerate the growth of the Metis ecosystem. Additional information on the migration will be provided in the near future.
Over the next couple of months, EigenLayer will integrate Metis, creating a new liquid-restaking layer to the Metis ecosystem and dramatically boosting the networks liquidity. Native and cross-chain restaking on Metis will come first, followed by dual restaking with $METIS, the Metis network token. Eigenlayer will also allow users to use $METIS to pay for EigenDA, EigenLayers hyperscale data-availability layer, with additional functionality for future actively validated services (AVSes) and roll-up services coming in mid-2024.
Metiss partnership with Renzo will bring native ETH restaking. Using Connexts Restake from Anywhere module, users will be able to deposit Metis-native ETH into Renzo for ezETH without worrying about bridging and restaking manually. This will unlock easier access to DeFi within the Metis ecosystem.
Ethena will also contribute a key component to Metis's new liquidity layer: the yield-bearing stablecoin USDe. Protected by LayerZero's security, USDe allows users to deposit traditional fiat, ETH, or liquid staking tokens (LSTs) and earn yield while minimizing risk through delta-neutral hedging. Bridging USDe from multiple blockchains to Metis will give users flexible investment options and nicely complement Metis's recent Liquid Staking Blitz.
Ethena users can also bridge their USDe to Metis from multiple chains, all powered and secured by LayerZero.
Lastly, after two years of development, DeFi Kingdoms (DFK) will deploy a new, eagerly awaited combat mode of their game on Metis, introducing player-versus-player (PvP) battles and tournaments in the Colosseum. At launch, this feature will live exclusively on Metis. On Avalanche, DFK generated up to $130 million daily at its peak, so the new game mode has significant potential to bring players and transaction volume to the Metis blockchain.
Together, these five developments will give users compelling new reasons to choose the Metis ecosystem while eliminating more of the pain points associated with L2 networks. With new value propositions and substantial new incoming liquidity building on a successful foundation of low fees and increasing decentralization, Metis is well-positioned to be a superfluid, self-sustaining blockchain.
About Metis
Metis is an EVM-equivalent Ethereum Layer-2 protocol focused on bridging the gap between Web2 and Web3. Metis provides users with a secure, decentralized, scalable, and easy-to-use network.
Contact Details
Colin Landers
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/metis-announces-major-new-collaborations-advancing-self-sustainability-693030354
Metis
COMTEX_448557031/2655/2024-02-29T16:02:16
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Press Release
StorageChain LLC Announces Ambitious Plans to Develop Vector Storage for AI Solutions
California, US, 13th September 2024, ZEX PR WIRE, StorageChain LLC, a leader in decentralized storage networks, today announced its strategic initiative to expand into vector storage, positioning the company as the optimized storage solution for artificial intelligence (AI) applications. This move marks a significant milestone in StorageChain’s evolution and represents a substantial market opportunity in the rapidly growing AI sector.
StorageChain LLC has already established itself as one of the fastest-growing decentralized storage networks globally, providing secure, scalable, and efficient storage solutions to a diverse range of industries. The company’s decentralized approach has set it apart from traditional storage providers, offering unmatched reliability and cost-effectiveness by leveraging a distributed network of storage nodes.
With the rise of AI and machine learning, the demand for specialized storage solutions has grown exponentially. Vector storage, which is essential for managing and processing high-dimensional data, is becoming increasingly critical for AI applications. Recognizing this trend, StorageChain is committed to developing state-of-the-art vector storage solutions that will empower businesses and researchers to harness the full potential of AI.
“Expanding into vectorized storage is a natural progression for StorageChain,” said Chris Dominguez, CEO of StorageChain LLC. “Our decentralized network has already proven its capability to handle vast amounts of data securely and efficiently. Now, by integrating vector storage capabilities, we are not only broadening our service offerings but also tapping into a market that is poised for explosive growth. This is an exciting opportunity for us to redefine storage solutions in the AI landscape.”
StorageChain’s vector storage initiative will focus on optimizing storage and retrieval processes for large-scale AI models, ensuring that data is accessible in real-time and with minimal latency. The company’s cutting-edge technology and decentralized architecture make it uniquely positioned to address the challenges associated with AI data storage, such as scalability, security, and speed.
As part of its commitment to innovation, StorageChain will continue to invest in research and development to create storage solutions that are tailored to the needs of AI-driven enterprises. The company plans to work closely with AI researchers and industry leaders to ensure that its vector storage technology meets the highest standards of performance and reliability.
With this new venture, StorageChain LLC is set to become the go-to storage provider for AI applications, further solidifying its position as a leader in the decentralized storage space.
For more information about StorageChain LLC and its vector storage solutions, please visit us at www.storagechain.io or follow us on X (Twitter) at @storagechain.io
About StorageChain LLC:
StorageChain LLC is a leading provider of decentralized storage solutions, leveraging IPFS technology to deliver secure, scalable, and efficient storage solutions for businesses. With a commitment to innovation and accessibility, StorageChain is at the forefront of the DePIN marketplace, empowering enterprises to embrace the decentralized future.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Celebrate Peace Day with a Concert in Nashville
Nashville, Tennessee, 13th September 2024, ZEX PR WIRE, In honor of the International Day of Peace, Tennessee United for Human Rights is sponsoring a special Peace Day concert on Wednesday, September 18th at 7:00 pm, hosted in the community hall of the Church of Scientology, located at 1130 8th Avenue South, Nashville, TN 37203.
The concert will feature performances by celebrated singer/songwriter Isis Christopher and local band Mockingbird Canyon Road. Along with the musical performances, religious leaders from various faith traditions will deliver messages of peace and unity, reflecting this year’s theme, “Cultivating a Culture of Peace”, in line with the United Nations’ International Peace Day focus.
“This event will be a powerful expression of peace and unity through music and reflection, bringing together people of all faiths and backgrounds,” said Julie Brinker, spokesperson for Tennessee United for Human Rights. “We invite everyone to join us as we work toward building a more peaceful and harmonious community.”
Attendees are encouraged to register in advance at TNUHR.org. The event is free and open to the public. Doors will open at 6:30 pm, with seating available on a first-come, first-served basis.
For more information and to register, please visit tnuhr.org or contact info@tnuhrg.org.
About International Day of Peace:
The International Day of Peace, observed annually on September 21st, was established by the United Nations in 1981 as a day devoted to promoting peace and non-violence worldwide.
About Tennessee United for Human Rights:
Tennessee United for Human Rights (TNUHR) is dedicated to educating individuals and communities about their human rights and fostering respect for the dignity of all people. TNUHR sponsors events and programs that promote peace, equality, and justice across Tennessee.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Besa Gaming Company – Pioneering the Next Frontier in Crypto Gaming
Singapore, 13th September 2024, ZEX PR WIRE, Besa Gaming Company merges gaming and cryptocurrency into a powerful force, appealing to both gamers and investors. Founded by Gabe and a dedicated team, Besa is driven by innovation and a commitment to success, reflected in the name “BESA,” meaning “to keep the promise.”
Besa Gaming stands out by integrating profitable crypto elements into entertaining games, creating a unique experience for tech-savvy gamers and crypto enthusiasts. Titles like Gold Rush Racer and Crypto Crush push the boundaries of crypto integration, offering players fun and financial rewards. Their innovative in-game billboards generate additional revenue for OG NFT holders, showcasing Besa’s trendsetting approach.
Community involvement is key to Besa’s development, with products shaped by feedback. Successful token launches and a collaborative process have positioned Besa as a leader in the industry, capturing attention from influencers.
Despite challenges in the crypto space, Besa is committed to building a self-sustaining ecosystem. The company is expanding into new ventures, including a casino, crypto swap, exchange, and wallet, solidifying its role in the future of crypto gaming. For those seeking a revolutionary experience, Besa Gaming offers a unique opportunity.
Besa Gaming Socials:
Website: https://www.besagaming.com
Telegram: https://t.me/GamingUmbrella
Facebook: https://bit.ly/besa-facebook
Twitter: https://bit.ly/besa-twitter
Discord: https://bit.ly/besa-discord
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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