Metis has announced that it has extended the deadline for its Spotlight marketing initiative. Participants will now be able to submit applications until July 11, with the final stage of the campaign postponed to August 7. This decision was made to give new projects additional time to promote and develop their ideas. At the same time, participants who submit applications will retain the opportunity to receive payment for the marketing promotion of their concepts.
Metis is a Layer 2 solution built on the Ethereum platform. The main goal of the project is to increase the speed of transaction processing, reduce their cost, and solve the scalability problem that the main Ethereum network faces. To do this, Metis uses a mechanism that allows for quick and convenient deployment of smart contracts, ensuring stable and efficient operation in the Ethereum ecosystem.
The project architecture is based on three key components: oracles, nodes, and subgraphs. Oracles are responsible for providing smart contracts with up-to-date information from the outside world, ensuring the interaction of the blockchain with external systems. Nodes store full copies of the distributed network data, which significantly increases the security and reliability of the platform. Subgraphs act as an indexing protocol that helps collect, process, and store data, facilitating its retrieval using the GraphQL programming language. Together, these technologies make Metis a notable player in the market seeking to improve the performance and functionality of the Ethereum network.
The METIS token, a standard ERC-20 token, is used to pay for transaction fees within the Metis network, as well as for staking, which stimulates community participation in the development of the ecosystem.
Thus, the extension of the Metis Spotlight campaign opens up additional opportunities for projects and developers willing to promote their ideas in the rapidly developing Ethereum network, taking advantage of second-layer solutions.