A successful builder grant

How Metis shattered records and gained public recognition:

What is the Metis Ecosystem Development Fund (EDF)?

Launch of the Metis Builder Grant

The Metis Ecosystem Development Fund (EDF) represents a bold initiative by the MetisDAO Foundation.

This fund, endowed with over $360 million (4.6 million METIS), aims to stimulate development, liquidity, activity, and adoption within the Metis ecosystem.

Types of Grants

The program offers two main types of grants:

Micro Grants: These grants are intended for new projects in the blockchain industry, with initial funding of up to $5,000.

Ecosystem Development Grants: These grants are designed for innovative projects deployed on the Metis chain, thus supporting their growth and development.

Positive Results for the Blockchain

Since the announcement of this program, several positive outcomes have been observed:

Increase in METIS Token Value: The METIS token experienced a dramatic increase of 50%, with an increase of over 240% over 30 days.

Growth of Ecosystem Projects: Projects like Maia and Hermes saw significant increases in their respective tokens, MAIA and HERMES, with increases of 97% and 140% in a week, respectively.

Increase in Locked Value: The total value locked in Metis projects climbed to over $500 million, demonstrating increased interest in the ecosystem.

Positive Anticipation for Fund Distributions: The expected impact of fund distributions, scheduled for the first quarter of 2024, is generating great enthusiasm within the Metis community.

This Metis initiative is a striking example of how grant programs can catalyze innovation and adoption in the blockchain space.

I am eager to see the future developments and the impact that a similar program will have on MVC.

Everyone will know soon.

JACQUES - SPACE EXPLORER

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