New York, USA, August 29, 2024, Chainwire
The initiative will support projects developing within the Morph ecosystem through financial resources and personalized guidance, helping them achieve long-term success.
Morph, the global consumer layer for driving blockchain adoption for mass markets, today announced a partnership with Foresight Ventures, establishing a $20 million Ecosystem Fund that aims to accelerate the development and deployment of consumer blockchain projects within the Morph ecosystem and the industry as a whole.
The Morph Ecosystem Fund is a comprehensive program that provides early-stage consumer blockchain projects with advanced blockchain infrastructure and the necessary financial resources and guidance through equity investments, fundraising, promotional power, technical and operational expertise, and public listing.
“Our vision is to create lasting strategic alliances that will elevate Morph’s capabilities and expand its influence,” he said. Cecilia Hsueh, CEO and co-founder of Morph“This program is not just about financial support; it is about providing a comprehensive growth environment for pioneering consumer blockchain projects. By leveraging Morph’s advanced blockchain infrastructure and our investment expertise, we aim to drive innovation and create significant value within the Morph ecosystem.”
The program will match projects one-on-one with strategic partners and offer fundraising support to help structure deals, secure additional funding, and navigate the complex investment landscape. Projects will have access to Morph’s technical resources, development tools, and operational expertise and will be provided with co-promotion on Morph’s media channels, social platforms, and at industry events to boost their brand visibility.
Forest Bai, co-founder of Foresight VenturesHe said: “We see consumer applications as the only gateway to mass adoption and are excited to support such a consumer-focused ecosystem. Morph Network offers a highly practical technology stack, an ecosystem acceleration system, and unparalleled advantages in regional markets.”
The Morph Ecosystem Fund will select applicants that not only offer innovative, real-world consumer blockchain solutions and practical utility for Web3 and the broader technology landscape, but also align with Morph’s long-term strategic goals and have the potential to improve the broader blockchain ecosystem.
Consumer blockchain projects can apply for the program by visiting www.morphl2.io for more information on eligibility criteria and the application process.
About Morph
Morph is a fully permissionless L2 EVM that uses a combination of optimistic rollup and zero-knowledge technology to enable limitless possibilities in entertainment, social, lifestyle, and loyalty. Morph is the first layer 2 to launch with a decentralized sequencer, aligning it with several core principles of web3: decentralization, censorship resistance, and security. The blockchain was built with general audiences such as gamers and social media users in mind, making it an easy-to-use choice for developers who require a chain to build these types of applications. Bitget, the world’s leading cryptocurrency exchange, is an original investor in Morph that will continue to play a role among other investors in shaping the Morph ecosystem.
Morph’s founders bring unique experience and perspectives to the company. Cecilia Hsueh, co-founder and CEO of Morph, previously founded Phemex, one of the world’s leading cryptocurrency derivatives exchanges. Azeem Khan, co-founder and COO, was previously Chief Impact Officer at Gitcoin, where he helped lead one of the industry’s most prominent grant programs. Together, they launched Morph to empower people who have historically been excluded from the traditional financial system.
About Foresight Ventures
Foresight Ventures is a research-driven cryptocurrency investment and incubation powerhouse with a top-tier media network that acts as the most essential bridge connecting the Eastern and Western ecosystems. With a track record of supporting early-stage projects and driving technological advancements, Foresight Ventures is committed to partnering with visionary projects that have the potential to reshape the future of digital finance and beyond.
ContactTova KaufmannN/A[email protected]4695859410
This article was originally published on Chainwire
