The Investment in Morph by Bitget
The cryptocurrency trading platform Bitget has made a multimillion-dollar investment in Morph, a consumer blockchain for value-driven decentralized applications (dApps). Bitget’s decision to invest in Morph was influenced by the blockchain’s roll-up technology, which allows for secure and flexible transactions and faster dispute resolutions. By combining the best features of Optimistic and ZK roll-ups, Morph reduces cost barriers. Gracy Chen, the Managing Director of Bitget, praised Morph’s team as vibrant and highly experienced. The investment is part of Bitget’s strategy to build relationships with innovative Web3 projects.
Morph Gearing Up for Seed Round
Morph is excited about its collaboration with Bitget and the opportunity to leverage the trading platform’s large user base of 20 million, including 12 million on the Bitget wallet alone. They also value Bitget’s industry knowledge and strategies. Morph’s Co-Founder and CEO, Cecilia Hsueh, expressed gratitude for Bitget’s support and highlighted the confidence it demonstrates in Morph’s unique value proposition. The investment sets the stage for a seed funding round as part of Morph’s proactive financial strategy to reform the Layer 2 landscape. Additionally, Morph has partnered with Foresight Ventures, a Singapore-based crypto fund.
Morph’s Future Plans
Morph plans to launch its Testnet Beta in January 2024 and expects its mainnet beta to go live in Q2 2024. These recent partnerships position Morph favorably for initiating a seed funding round and achieving its aggressive roadmap and product development goals.
Hot Take: Expanding Opportunities for Value-driven dApps
The investment by Bitget in Morph reflects growing interest in Layer 2 consumer blockchains that enable secure and efficient transactions for decentralized applications. By leveraging Bitget’s large user base and industry expertise, Morph aims to encourage mass adoption and reform the Layer 2 landscape. With upcoming launches of its Testnet Beta and mainnet beta, Morph is poised to capitalize on its partnerships and pave the way for the future of value-driven dApps.
By
By
By
By
By