Morph, an Ethereum Layer 2 network developer focused on consumer applications, has raised $20 million in seed and angel funding rounds.
Morph, an Ethereum Layer 2 network developer, has raised $20 million in seed and angel funding rounds.
With fresh funding, Morph said it plans to expand its team and marketing efforts and offer developer incentives.Founded last year, Singapore-based Morph is developing a Layer 2 network using a combination of optimistic and zero-knowledge rollup technologies. It claims to be building the first Ethereum Layer 2 with a decentralized sequencer — a component in Layer 2 networks that organizes and batches multiple off-chain transactions before submitting them to the Ethereum blockchain.
In a statement published in the blog post, Paul Veradittakit, managing partner at Pantera Capital, said, "We believe Morph's technology is exactly what developers in the consumer vertical need for mainstream adoption."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum’s Dencun Upgrade Could Mean Near-Zero Fees for Layer-2 Blockchains: Fidelity Digital AssetsWill Canny is CoinDesk's finance reporter.
Read more »
Ethereum Upgrade Offers Near-Zero Transaction Fees for Layer 2 UsersThe forthcoming Ethereum Dencun upgrade scheduled for March 13 offers a chance for near-zero transaction fees for layer 2 (L2) solution users, possibly drawing in more new ones, as per a research report by Fidelity Digital Assets.
Read more »
Ethereum Staking Protocol Swell Unveils Layer-2 Rollup With $1B Total Value LockedJamie Crawley is a CoinDesk news reporter based in London.
Read more »
Starknet, an Ethereum Layer 2, Plans to Mimic 'Parallel Execution' Feature That Makes Solana FastBradley Keoun is the managing editor of CoinDesk's Tech & Protocols team. He owns less than $1,000 each of several cryptocurrencies.
Read more »
California Panera franchisee to raise minimum wage to $20 after allegations of favoritism by NewsomA Panera Bread franchise owner in California said he will raise the minimum wage for his employees after accusations he benefited from ties to Gov. Gavin Newsom.
Read more »
35 Effective Spring Homeowner Products Under $20It's time to ready your backyard, tend to your garden, and deep clean those areas you neglected all winter.
Read more »