New York, NY, October 30th, 2024,
Chainwire
Morph, a global consumer layer for driving blockchain
adoption, today announced its mainnet launch on Ethereum. The
mainnet launch marks a significant milestone in building Morph’s
consumer layer, serving as an expansion beyond a typical Layer 2.
Morph’s consumer layer directly addresses the root causes of
limited blockchain adoption, enabling ecosystem participants to
exchange real assets and engage in transactions. Projects that are
already building on Morph can now transition to the mainnet and
continue developing their technology with this expanded scope,
further driving growth of the consumer layer.
Cecilia Hsueh, CEO and Co-Founder of
Morph, commented on today’s news: “Morph’s launch on
mainnet marks a significant step in our mission to bring blockchain
to the masses. Currently, dApps are not designed for everyday
users–we are working hard on changing this. This milestone propels
our vision of a decentralized, scalable, and secure infrastructure,
empowering developers and users alike with the tools they need to
build and engage with the next generation of consumer-centric
decentralized applications.”
Morph’s consumer layer is a carefully
crafted ecosystem of technologies, services, and features that
combines optimistic and zero-knowledge rollups to strengthen both
security and performance. To date, blockchain adoption has been
slow due to regulatory, scalability, and performance issues. On the
other hand, the newly-launched mainnet offers builders a blockchain
experience that is scalable, secure, and user-friendly to the
non-crypto native, enabling endless possibilities for consumer
blockchain applications.
Morph’s mainnet launch follows its
previous Holesky Testnet that featured key upgrades including an
EIP-4844 Optimistic zkVM integration to lower transaction costs and
a revamped bridge mechanism to finalize withdrawals in a single
transaction. Aiming to improve performance and infrastructure, the
testnet saw over 6 million wallet addresses, 100 million
transactions, more than 200 projects deployed, and 1 million plus
members joining the community.
“Our goal is to be the one-stop shop for all builders
around the globe to come build on and be able to create success for
the projects they’re working on,” said Azeem Khan, COO and
Co-Founder of Morph. “While decentralization is important
in technology, the inability of builders to navigate the resources
needed to build, launch, and scale their companies is something
we’re here to address. It’s time for there to be a chain by and for
the builders. That is Morph.”
As part of Morph’s vision to
revolutionize the blockchain industry by transitioning from a
tech-centric niche to a mainstream utility, Morph’s consumer layer
approach differs from that of other blockchains which focus
narrowly on technical aspects without achieving widespread
adoption. To address these challenges, Morph provides builders with
key resources, including funding, incubation, acceleration, and
go-to-market strategies to keep consumers top of mind. Initiatives
such as the recently announced Centralized Exchange
Coalition, an initiative composed of top centralized exchanges,
empower builders to bring their projects to market, attract users,
and access essential funding. Through this comprehensive support
system, Morph enables builders to succeed, driving the next wave of
blockchain innovation.
About Morph
Morph is the global
consumer layer, acting as the distribution hub for the resources
builders need to launch and scale for the mass market. It leverages
a hybrid solution of ZK and Optimistic roll-up technology and a
decentralized sequencer to enable limitless possibilities within
mainstream audiences, making it a user-friendly option for
developers who require a chain to build these types of apps.
Bitget, the world's leading cryptocurrency exchange, is an original
investor in Morph that will continue to play a role amongst the
other investors in shaping the Morph
ecosystem.
Contact
M Group on Behalf of
Morph
morph@mgroupsc.com