Accelerating Dapps and Decentralized Economies with Metis and CasperLabs

Our partnership with CasperLabs to bring performance, scale, and security to decentralized applications, economies, and communities.

Today, we announced a partnership between Metis and CasperLabs to accelerate the development of decentralized applications, economies, and community-based projects.

Metis is a layer 2 open framework for the creation, management, and scale of DACs (Decentralized Autonomous Companies). Metis draws a nuanced distinction between DAOs and DACs, describing the latter as “a subclass” of DAOs. Whereas DAOs focus primarily on matters of governance, DACs are designed specifically to address day-to-day business operation and management. Metis is focused on building out sustainable, decentralized companies on top of performant layer 1 blockchains through their DAC framework.

Building on Casper

Metis built an MVP of their layer 2 platform on top of Ethereum, but quickly found themselves hindered by gas costs and network latency. Metis is choosing to build on Casper to leverage the network’s pure CBC-Casper solution and develop with “Ethereum 3.0.” Specifically, Metis is leveraging the following essential features of Casper: