June 24: Metis, an innovative Ethereum layer-2 network, has initiated a groundbreaking community selection process for its inaugural cohort of external sequencer node operators. This move marks a significant milestone as Metis becomes the first layer-2 solution to democratize ownership and governance of its crucial infrastructure.

Empowering Network Participants

According to the Metis team, entities operating these nodes will transition into network proprietors, thus acquiring substantial influence and governance rights over the network’s strategic trajectory. This shared ownership model extends beyond mere control, offering a share in the revenue generated from sequencing rewards and fees. The distribution of ownership fosters robust decentralization, augmenting Metis’s reliability and enhancing both liveness and economic security.

Voting and Selection Process

The selection process, integral to Metis’s vision of a decentralized future, will be open for community voting starting Monday and will continue through June 28. This participatory approach ensures that the community plays a pivotal role in determining the network’s governance and operational framework.