October 30, 2024 – New York, NY
Morph, the global consumer powerhouse driving blockchain adoption, today announced the launch of its mainnet on Ethereum.
The mainnet launch marks an important milestone in building Morph’s consumer layer, serving as an extension beyond the typical layer 2.
Morph’s consumer base 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:
“The launch of Morph on mainnet marks an important step in our mission to bring blockchain to the masses.
“Currently, DApps (decentralized applications) are not designed for everyday users, and we are working hard to change this.
“This milestone furthers our vision of a decentralized, scalable and secure infrastructure, giving developers and users alike the tools they need to build and engage with the next generation of consumer-centric (DApps). We will be able to provide you with
Morph’s consumer layer is a carefully crafted ecosystem of technologies, services, and features that combine optimism with Zk rollups (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 will provide 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 major 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 here we want to address the issue where builders don’t have access to the resources they need to build, launch, and scale their companies.
“It’s time for a chain by builders, for builders. 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 such as financing, incubation, acceleration, and go-to-market strategies to keep consumer interests top of mind.
Initiatives such as the recently announced Centralized Exchange Coalition, an initiative comprised of top centralized exchanges, will help builders bring their projects to market, attract users, and access the capital they need.
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.
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M group representing Morph
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