New York, United States, August 29th, 2024, Chainwire

The initiative will support projects building 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 the mass markets, has announced today a partnership with Foresight Ventures, establishing a $20 million Ecosystem Fund which 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 offers early-stage consumer blockchain projects access to advanced blockchain infrastructure along with the necessary financial resources and guidance through capital investment, fundraising, promotional power, technical expertise, and exchange listing.

“Our vision is to create lasting strategic alliances that will elevate Morph’s capabilities and expand its influence,” said Cecilia Hsueh, CEO and Co-Founder of Morph. “This program is not just about financial support; it’s about providing a holistic 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 with strategic venture partners and offer fundraising support to help structure deals, secure additional funding, and navigate the complex investment landscape. Projects will access Morph’s technical resources, development tools, and operational expertise, 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 Ventures, stated, “We see consumer applications as the sole gateway to mass adoption and are excited to back an ecosystem so dedicated to consumers. Morph Network offers a highly practical tech stack, an ecosystem acceleration system, and unparalleled advantages in regional markets.”

The Morph Ecosystem Fund will select applicants offering innovative, real-world consumer blockchain solutions that align with Morph’s long-term strategic goals and enhance the overall 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 EVM L2 utilizing a combination of optimistic and zero-knowledge rollup technology to enable limitless possibilities in entertainment, social, lifestyle, and loyalty. Morph is the first Layer 2 on Ethereum to launch with a decentralized sequencer, aligning with web3 core principles—decentralization, censorship resistance, and security. Built with mainstream audiences like gamers and social media users in mind, Morph serves as a user-friendly option for developers requiring a chain for such apps. Bitget, the leading cryptocurrency exchange, is among the original investors in Morph, playing a significant role in shaping the ecosystem.

Morph’s founders bring unique backgrounds: Cecilia Hsueh, CEO, previously founded Phemex, a top global crypto derivatives exchange, while Azeem Khan, COO, was formerly Head of Impact at Gitcoin, leading a notable grant program in the space. Together, they launched Morph to empower individuals historically excluded by traditional financial systems.

About Foresight Ventures

Foresight Ventures is a research-driven crypto investment and incubation powerhouse with a premier media network, serving as an essential bridge connecting Eastern and Western ecosystems. With a track record of supporting early-stage projects and driving technological advancements, Foresight Ventures partners with visionary projects reshaping the future of digital finance and beyond.

Contact:
Tova Kaufmann
N/A
tkaufmann@mgroupsc.com
4695859410

This article was originally published on Chainwire.