Morph, a Layer 2 consumer-centric blockchain solution for value-driven dApps, has recently closed a multimillion-dollar investment from Bitget Web3 and a crypto trading platform. With the new deal, Morph is on track to cement its position as a top contender in the digital asset scaling space.
New Era of Consumer-Centric Approach
Morph aims to bridge the existing blockchain solutions and practical, everyday applications beyond digital asset transactions.
Morph’s signature solution is powered by new-generation roll-up tech — an intelligent blend of optimistic roll-ups’ efficiency and zero-knowledge (ZK) roll-ups’ security that allow for enhanced scalability, reduced cost barriers, accelerated dispute resolution as well as flexible and secure transactions for dApps. The project’s consumer-centric approach, from easy onboarding to intuitive interface design, puts the user experience at the forefront.
Morph’s Decentralized Sequencer Network enables cheap and fast L2 transactions, countering maximal extractable value (MEV) dominance and eliminating central points of control. Simultaneously, the project’s modular blockchain framework guarantees independent evolution for each ecosystem component, enabling projects to keep pace with consumer applications’ rapid innovation.
According to the project’s team, Morph’s solution contributes to creating a landscape where blockchain applications become accessible, indispensable, and trusted companions of individual digital lives.
Shared Vision for Value-Driven dApps
“Morph has a stellar team endowed with experience, a vibrant multicultural approach, and industry-leading strategic capabilities for fostering mass adoption. It has demonstrated tangible progress in its commitment to a unique vision of a consumer blockchain. With Bitget’s dedication to forging ties with exemplary Web3 entities, we’ve embraced Morph in a spirit of collaboration,” said Bitget Managing Director Gracy Chen.
According to Chen, multiple factors have influenced the investment deal’s closure. These include Morph’s vibrant multicultural approach, industry-leading strategic capabilities for fostering mass adoption, and convergence of shared visions for value-driven dApps.
The multimillion-dollar investment is set to amplify Morph’s reach and capabilities, enabling the project to deliver on its promises with efficiency and impact. It also allows the project to tap into Bitget’s extensive customer base — 20 million users on the main platform and 12 million Bitget Wallet users. Earlier this year, the project forged a strategic partnership with Foresight Ventures, a Singapore-based crypto fund that recently announced its acquisition of a majority stake in the leading media group, The Block.
Morph: Next Development Stages
“We are extremely grateful for Bitget’s support,” said Morph Co-Founder and CEO Cecilia Hsueh. “The recent capital infusion showcases our incubator’s confidence in Morph’s UVP and sets the stage for the seed funding round. Our proactive financial strategy is crafted to tackle an aggressive roadmap and product development timeline to reform the Layer 2 landscape.”
In the forthcoming months, the project expects the consumer-centric blockchain to be characterized by the amplified development of its technical, larger ecosystem, marketing, community management, and further operational divisions. Morph is in line to launch its public testnetin early January 2024. By the end of the second quarter, the project will also introduce its Optimistic zkEVM’s Mainnet Beta. Finally, in Q3 2024, it will roll out Layer 3 support and a fully decentralized Mainnet Stack.
Visit the project’s official website to learn more about Morph and its social channels on Discord and Twitter to stay in the loop with the latest news about the consumer-centric blockchain.
