December 11, 2023 – Morpha Layer 2 blockchain for consumer and value-focused DApps, has confirmed that it has received a multi-million dollar investment from Bitgeta Web3 company that is one of the world’s leading cryptocurrency exchanges.
Morph has an exceptional team with deep experience, a dynamic multicultural approach and leading strategic capabilities to drive mass adoption. The project has made tangible progress in its commitment to a single blockchain vision for consumers. With Bitget committed to connecting with exemplary Web3 entities, we partnered with Morph in the spirit of collaboration.
Gracy Chen, CEO of Bitget
Morph’s rollup technology intelligently combines the best features of ZK rollups and Optimistic rollups to reduce costs, accelerate dispute resolution, and ensure flexible and secure transactions for DApps of all sizes. At the heart of the ecosystem is a decentralized sequencer network that eliminates central control points, counters MEV dominance and ensures scalable, cost-effective and fast Layer 2 transactions for consumers.
We are extremely grateful for Bitget’s support. The recent capital injection demonstrates our incubator’s confidence in Morph’s unique value proposition and sets the stage for the seed round. Our proactive financial strategy is designed to execute an aggressive roadmap and product development schedule aimed at revolutionizing the Layer 2 landscape.
Cecilia Hsueh, co-founder and CEO of Morph
Bitget’s investment highlights the shared vision driving value-driven DApps, while both organizations are uniquely positioned to build a thriving ecosystem and accelerate user adoption. Benefiting from Bitget’s over 20 million users and Bitget WalletMorph will be able to take advantage of the vast knowledge and strategies of its new partner.
Morph has also established a strategic partnership with Foresight Ventures, a Singapore-based crypto investment fund that recently announced the acquisition of a majority stake in The Block, the industry’s leading media group. This strategic initiative heralds a broader expansion. Morph expects overall growth in the coming months, spanning its technology, ecosystem, marketing, community management and other operational divisions. Additionally, Morph’s public testnet is expected to launch in January 2024, and the mainnet beta is expected to go live in Q2 2024.
About Bitget
Created in 2018, Bitget is a Web3 company that is among the leading cryptocurrency exchanges in the world. Serving over 20 million users across 100 countries and regions, the Bitget platform is committed to helping users trade smarter through its revolutionary copy trading functionality and other solutions. trading. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers a comprehensive set of Web3 solutions and features, including a non-custodial wallet, swap services, NFT marketplace, DApps browser, and more. Bitget also inspires the general public to adopt cryptocurrencies through collaborations with renowned partners, including legendary Argentine footballer Lionel Messi and official esports event organizer PGL.
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About Morph
Morph is a transparent, community-driven Layer 2 solution. Combining the best of OP and ZK rollups, the network offers unprecedented scalability and security, and aims to lay the foundation for an ecosystem of consumer- and value-focused DApps.
Thanks to its distinctive features, such as a decentralized sequential network, a responsive proof of validity (RVP) system and a modular design, the project enables efficient and flexible scaling while maintaining security, availability and Ethereum network compatibility.
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About Foresight Ventures
Foresight Ventures is a crypto investment fund whose objective is to support Web3 projects that embody an ethos of decentralization while promoting the adoption of cryptocurrencies by the general public over the long term. The company is known for its impressive industry network and global media relationships, which enable it to increase the visibility and influence of its projects. Foresight Ventures manages several funds: a venture capital fund, an actively managed secondary fund, a multi-strategy fund of funds, and a private market secondary fund. As an end-to-end solution for crypto projects, Foresight Ventures offers incubation, investment and advisory services throughout the project lifecycle.
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