MetisDAO launches a $110 million ecosystem development fund

ChainCatcher news, according to CoinDesk, the Ethereum scaling solution MetisDAO's development organization, the MetisDAO Foundation, has announced the creation of a fund of approximately $100 million to accelerate the growth of its ecosystem. The fund is named the Metis Ecosystem Development Fund and will allocate 4.6 million METIS tokens for "sequencer mining, retroactive funding, deployment of new projects, and other efforts."