Metis: The Infrastructure to Empower Web3 Economy - TOKEN2049 Singapore 2022

hello everyone I hope you all enjoyed the conference so far my name is Kerry away a former Pueblo brawler and devils and minutes now forming a company called Matrix aiming to transform the Privacy landscape that's incubated by Midas so unfortunately um Kevin our co-founder admitted cannot make it today because our travel issue but he asked me to send his regard to everyone um can I know um can you raise your hand if you know minutes any of you here know about me this thank you very much okay um it's okay uh not a problem at all well that's why we're all here today right um so basically um not yet all right um so I guess we will need some more time basically in short um midis is here to build an infrastructure to trans empower the Webster economy thank you very sorry about that um maybe let's let's have a very quick chat here uh anyone here are builders yeah yeah very nice to meet you or um anyone here I press investors here right well very good to meet you um so I guess we are good to go um so uh very quick here's a quick fact for minutes um so we are providing ethereum layer 2's going solution our mandate was launched like last year very quickly we were able to accumulate more than 91 000 active wallets with at least 150 million tvls whenever you do transactions it will only be done instantly only costs you one cent and we have been ranked top three in all row of solutions very recently in past months we were seeing more than 300 growth in our ancient transaction activities so here is a very quick snapshot of all the large projects in our ecosystems including next swap Sushi swap RV BC and there are way more or less not being listed here so our core team is um located in Toronto Canada but with team members ambassadors and supporters in almost every continent today we want to thank you all for your support um and here is only a small portion of our team we are completely decentralized and we are growing very rapidly we are always hiring uh especially the we are looking for marketing professionals so if anyone here is interested in join our team it's a big meetings family and we are all proud to be part of it and we want to welcome you so our mission is to build the infrastructure to empower the Western economy what does that mean we see the foundation and core of West Street being individual Centric We Believe now it's really just the beginning stage for others to build solutions to empower every single individuals to enjoy the work Street technology be it Western ID or incentive mechanism collaboration framework or more to us the Western is really not just about makeovers or different type of applications the metaverse is really just the service label and we believe the core is individual Centric so with this in mind in order to support every individual to thrive in web3 we are building three layers of the constructions to achieve this goal with our midi smart air tubing on the infrastructure layer to provide a low-cost high efficiency High scalable Secure Solutions to support large traffic or transactions for everyone on top of that we had middle layer to provide an all-in-one and easy to use wallet and the watch3 ID at the very top we have application label where we provide the collaboration framework and with all these it forms the Western economy so let's dive into the details of the Itchy layer and start with the midi smaller layer 2. so uh why is that smart why do we bring it smart so there are three reasons firstly middles offers the sequencer tool so by the name of that is a pool of sequencers that can be called randomly by the smart contracts to do the job so unlike arbitrant or the optimism only have one sequencer to manage the block production when the sequencer is done the entire network is done we have built mechanism to avoid single point of failure and provide more scalability and security to the network secondly Midas has achieved the goal to only submit transition record to the Ethereal layer 1 and keep the transaction beta in the decentralized storage less powered by memo labs by doing so we were able to package or more transactions in one goal and therefore reduce the gas cost from dollars to cents and lastly we are developing CK proof on technology to be incorporated into our validation process so the validation process will be reduced from the current seven days to minutes admitted we believe that we will be able to incorporate the benefit and advantages of both optimism and CK row ups and make one technology that can be here to provide a better experience to everyone that's why the middle is smart L2 is the only one that's integratable with ZK so now let's move on to the middle part Matrix so Matrix with the mission to unlock the power of personal data ownership and Universal decentralization make it accessible within one account without compromising privacy or integrity the metrics framework is consists of three key Frameworks the first one is the authentication and authorization infrastructure to support any businesses to interact with users easily second one is how to centralized reputation system let's there to allow anyone to accumulate their wisely credentials and the third one is our business and development platform that enables any developers or business to be able to navigate in between our web 2 and Y3 with ease very recently we have launched our decentralized social network let's feature by our reputation system and to become your social passport for you to record all your ancient activities and social life in web stream and very soon you'll be able to use your social nft to record and import all these open tokens you accumulated from any chance into metrics if I interested visit rp.metries.tag rp.metrix.

tab to meet your first social nft for free before it's not a metrics we believe in collaboration modeling competitions so if there is any projects here less interest in collab I would definitely love to chat with you more about that one okay now let's move on to the application layer our DAC or debt decentralized autonomous company it's essentially a dial but with a better functionality in a way that we will provide utilities to support business or individuals to run the actual business on chin with this in mind rln building various tools we are also building three key features that make the DSC framework unique first of all our DAC is built on top of Matrix and its reputation system so every corporations are in DSD will allow you to increase your verification power and enrich your credential in the what street world which will benefit you in the long run so let's imagine you are a business owner you are trying to hire people in today's world you have to browse through the resume you have to go into an interview and then listen to what the candidate has to offer but you have nowhere to validate if what they say is accurate or not or how trustworthy is with the reputation system you will be able to know exactly based on the score of each skill that you're looking for and you'll be able to easy to hire the ones with the higher score than the lower one secondly Our Deck has the automation template built in place so regardless if you are a website Savvy or a newbie you don't have to worry about anything technology expect instead you can only focus on the most important of your core business thirdly our DSC has built-in business model where developers can submit their tooling to the deck component store and get Revenue sharing based on the user traffic and it essentially pretty much like the concept of App Store so now um with the mic of uh enable the true decentralization mittis is now forming a midi stack so basically how it works is it comes with two layers of government model it's like the house and the Senate so basically how it works any deck owners will be able to stack minutes token in exchange for many minutes which is about in power and then your dad will be entering into the common notes once you were built building power has accumulated to a certain straights Port you would proposal will be shift over to the equal nodes where the two contributors will be making the decisions the equal notes members are the ones who are actually contributing in our ecosystem we are trying to move away from the traditional token-based governance model into a contribution-based model to enable anyone who is truly contributing in the system to have a say in our ecosystem so in the end we see there are still a lot of infrastructure layer problems are left unsolved less y means is also incubating another project called Dei that economic initiative to be here to provide Western native production technology block how it works is there is a AI powered computation there on top of that with the di consensus protocol and supported by Our Deck and reputation system and in the very end with the meta verse editor on our process rotation layer we will be releasing more information very soon so make sure you stay tuned if I'm interested to learn more now I want to take this opportunity to announce that Matrix and mean to change the Privacy landscape is currently fund erasing so if any ministers here are interested to learn more about the project to reach out I would personally love to introduce you further and walk you through the details minutes we are here to import the Western economy thank you all for your time