BitWell Labs and MetisDAO reach a strategic partnership
On May 09, the venture capital and innovation incubation arm of BitWell, BitWell Labs has entered into a strategic partnership with MetisDAO, the Web3 infrastructure setup, to develop deep cooperation in the areas of Web3, DAO, Layer2, and NFT.
BitWell Labs will work with metis to explore the governance issues under DAO, and metis will help BitWell build a sustainable and decentralized DAC organizational structure to provide a more complete and feasible solution for BitWell’s transformation to DAO.
The two partners will also launch a deep technical cooperation on Layer2 foundation construction. In the future, BitWell will introduce relevant templates and interfaces to achieve great improvements in speed, functionality, scalability and ease of use of the decentralized trading platform, bringing more innovative DeFi/NFT business forms and gameplay to users.
BitWell Labs will also provide Metis with more relevant financial, marketing and operational support in Web3, NFT, etc., to jointly help build a more complete Web3 infrastructure.
About BitWell Labs
BitWell Labs, the venture capital and innovation incubation arm of BitWell, is devoted to offering a wealth of investment, collaboration and mentorship opportunities to the global top-tier blockchain projects.
BitWell Labs has recently launched a $50 million fund to invest and incubate in Metaverse projects. The Metaverse fund will be used to support GameFi, non-fungible token (NFT) and other Metaverse sector projects in marketing, operation, trading and so on.
Metis is an Ethereum Layer 2(Optimistic Rollup) + DAO Infrastructure for Web 3.0 Economy. Our vision is to scale Ethereum to connect the Web2 world with Web3, enabling the entire Web3 world to be built on Ethereum via Metis Layer 2. Metis also defines a new DAO structure — DAC (Decentralized Autonomous Company) to act as the fundamental unit to support the operation and management of decentralized applications, communities and business.
Metis’ scalable protocol supports a wide range of use cases, including NFT platforms, decentralized reddit-like social platforms, open-source developer communities, influencer communities, gamer communities, freelancer communities, crowdfunding, yield farming, DEX trading,etc.