Morph has garnered $20 million in financial backing to elevate its technical infrastructure.

Ethereum Layer 2 scaling solution Morph Morph proudly announced it has completed a $19 million seed funding round, spearheaded by Dragonfly Capital and with contributions from other key investors like Pantera Capital and Foresight Ventures.

Moreover, it secured an additional $1 million from angel investors, including notable names such as the founders of Polygon and various other innovative groups. The funds will support team growth, marketing strategies for greater visibility within Layer 2 solutions, and further development of their technical framework.

Morph stands out as an entirely permissionless Ethereum Virtual Machine (EVM) Layer 2 scaling option. By leveraging optimistic technologies, it provides developers with an accessible platform for creating applications across finance, gaming, social media, and entertainment sectors. zero-knowledge rollup Technologically speaking, Morph tackles the blockchain trilemma, effectively balancing the three crucial aspects of decentralization, security, and scalability.

Cecilia Hsueh, co-founder and CEO of Morph, emphasized in a recent statement, 'To truly advance blockchain into the next phase and achieve mass adoption, we need to focus on areas that deliver tangible value for end-users—this is why we prioritize consumer-oriented solutions.'

Morph is reshaping the Layer 2 ecosystem through its innovative decentralized rollup technology, seamless integration of optimistic zkEVM, and a flexible design approach.

The platform is designed to be supportive of founders, offering a robust framework for projects in the ecosystem. Its technology is based on three core principles: decentralized rollup tech, optimistic zkEVM integration, and modular design, equipping developers with a comprehensive toolkit to guide them from early development stages to eventual token listings.

In a notable first, Morph launches as the Ethereum blockchain's premier Layer 2 scaling solution with a decentralized sequencer. This advancement allows multiple nodes or entities to engage in the sequencing task, significantly minimizing the risk of any single node tampering with the order of transactions. Layer 2 domain Azeem Khan, co-founder and COO of Morph, remarked, 'The current landscape of Layer 2 solutions tends to chase immediate profits to outpace the competition, instead of striving for sustainable progress. At Morph, we take pride in supporting developers in crafting decentralized applications that can create lasting change and appeal to a wider audience.'

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Alisa, a committed journalist with Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proofs, investment trends, and the vast universe of Web3. Her insightful analysis on emerging trends and technologies provides valuable insights to keep readers informed and engaged in the ever-changing digital finance landscape.