New York, NY, October 30, 2024, Chainwire
Morph, the global consumer powerhouse driving blockchain adoption, today announced the launch of its mainnet on Ethereum. The mainnet launch is an important milestone in the construction of Morph’s consumer layer, which serves as an extension beyond the typical layer 2. Morph’s consumer layer directly addresses the root causes of limited blockchain adoption and enables ecosystem participants to exchange real assets and participate in transactions. Projects already built on Morph will be able to move to mainnet and continue developing their technology with this expanded reach, further fueling the growth of our consumer base.
Cecilia Hsueh, CEO and co-founder of Morph, commented on today’s news: Currently, dApps are not designed for everyday users. We are working hard to change this. This milestone furthers our vision of a decentralized, scalable, and secure infrastructure and empowers developers and users alike to build and leverage the next generation of consumer-centric, decentralized applications. Allow us to provide you with tools. ”
Morph’s consumer tier is a carefully crafted ecosystem of technologies, services, and features that combine optimistic and zero-knowledge rollups to enhance both security and performance. So far, regulatory, scalability, and performance issues have slowed blockchain adoption. Meanwhile, the newly launched mainnet provides builders with a blockchain experience that is scalable, secure, and easy to use even for non-crypto natives, enabling endless possibilities for consumer blockchain applications.
Morph’s mainnet launch features key upgrades including EIP-4844 Optimistic zkVM integration to reduce transaction costs and a revamped bridge mechanism to complete withdrawals in a single transaction. It follows the previous Holesky testnet. The testnet, aimed at improving performance and infrastructure, has deployed over 6 million wallet addresses, 100 million transactions, over 200 projects, and over 1 million members have joined the community.
Azeem Khan, COO and co-founder of Morph, said: “Our goal is to be a one-stop shop for all builders around the world to participate in construction and ensure the success of the projects they work on.” “Decentralization is important in technology, but in construction We’re here to address the issue of contractors not being able to properly access the resources they need to build, launch, and grow their companies.It’s time for a chain of builders, for builders. It’s here. That’s Morph.”
As part of Morph’s vision to revolutionize the blockchain industry by moving from a tech-centric niche market to a mainstream utility, Morph’s approach to the consumer segment focuses solely on technical aspects without widespread adoption. Unlike other blockchain approaches that rely on To address these challenges, Morph provides construction companies with critical resources including financing, incubation, acceleration, and go-to-market strategies that keep the consumer in mind. Initiatives such as the recently announced Federation of Centralized Exchanges, an initiative made up of top centralized exchanges, help builders bring their projects to market, attract users, and access the funds they need. Masu. Through this comprehensive support system, Morph enables builders to succeed and power the next wave of blockchain innovation.
About morphs
Morph is a global consumer base and serves as a distribution hub for the resources builders need to launch and scale to the mass market. Leveraging a hybrid solution of ZK and Optimistic rollup technology and a decentralized sequencer, it enables endless possibilities within mainstream users and is easy to use for developers who need a chain to build these types of apps. It becomes an option. Bitget, the world’s leading cryptocurrency exchange, is an original investor in Morph and will continue to play a role among other investors in shaping the Morph ecosystem.
contact
M Group on behalf of Morph
(email protected)
