New York City, October 30th, 2024 – As a seasoned crypto investor with a decade of experience under my belt, I can confidently say that Morph’s mainnet launch on Ethereum is a game-changer for the blockchain industry. Having navigated through numerous crypto winters and bull runs, I’ve seen projects come and go, but none have shown such promise as Morph.
New York, NY, October 30th, 2024, Chainwire
Morph, a worldwide platform facilitating the use of blockchain technology, has officially launched its mainnet on Ethereum. This mainnet launch signifies an important step in constructing Morph’s consumer-focused platform, going beyond traditional Layer 2 solutions. The consumer layer developed by Morph directly tackles the core issues preventing widespread blockchain adoption, empowering participants to trade real assets and conduct transactions more seamlessly. Projects currently using Morph can now move to the mainnet and continue enhancing their technology within a broader context, thereby bolstering the growth of the consumer layer.
Cecilia Hsueh, CEO and Co-Founder of Morph, spoke about today’s announcement, stating, “The launch on mainnet signifies a crucial advancement in our goal to make blockchain accessible for all. At present, dApps aren’t user-friendly; we are dedicated to changing this. This achievement pushes us towards our vision of a decentralized infrastructure that is scalable, secure, and easy-to-use for both developers and users, providing them with the necessary tools to create and interact with future consumer-focused decentralized applications.
As a researcher delving into the realm of blockchain technology, I’ve found myself captivated by Morph’s consumer layer – an intricately designed environment of technologies, services, and features that harmoniously integrate optimistic and zero-knowledge rollups to enhance both security and performance. Historically, the adoption of blockchain has been sluggish due to regulatory complexities, scalability challenges, and suboptimal performance. However, the recent unveiling of their mainnet presents an unprecedented blockchain experience that is not only scalable and secure but also user-friendly for those outside the crypto native community. This opens up a world of limitless possibilities for consumer blockchain applications.
Morph’s mainnet debut is happening after its Holesky Testnet, which showcased crucial updates such as integrating EIP-4844 Optimistic zkVM for reduced transaction costs and a streamlined bridge system to finalize withdrawals within one transaction. The goal here is to enhance performance and infrastructure. During the testnet phase, there were over 6 million wallet addresses, approximately 100 million transactions, more than 200 projects launched, and a community of well over a million people joining in.
According to Azeem Khan, COO and Co-Founder of Morph, our mission is to serve as a comprehensive platform where builders from all over the world can construct and achieve success with their projects. We recognize that while decentralization is crucial in technology, it can be challenging for builders to navigate the resources necessary to launch and grow their businesses. That’s why we are here – to tackle this issue. It’s high time there was a platform designed specifically for and by the builders. And that’s Morph.
In line with Morph’s mission to transform the blockchain sector from a specialized field into everyday utility, Morph’s consumer-focused strategy sets it apart from other blockchains that primarily concentrate on technical aspects without gaining broad acceptance. To tackle these issues, Morph offers developers crucial tools, like funding, incubation, acceleration, and market strategies to prioritize consumer needs. For instance, the recently unveiled Centralized Exchange Coalition, a collaboration of leading centralized exchanges, empowers builders to launch their projects, attract users, and secure funding. By providing comprehensive support, Morph equips builders for success, fostering the upcoming wave of blockchain advancements.
About Morph
Morph serves as a universal platform catering to consumer needs, acting as a central hub for developers to obtain the resources necessary to introduce and expand applications aimed at mass markets. It employs a versatile blend of Zero-Knowledge (ZK) and Optimistic roll-up technology, along with a decentralized sequencer, to offer unbounded opportunities within mainstream user bases. This makes it an accessible choice for developers seeking a chain to construct apps of this nature. Bitget, a leading global cryptocurrency exchange, has been an early investor in Morph, and will maintain its involvement among other investors in shaping the Morph ecosystem.
Contact
M Group on Behalf of Morph
morph@mgroupsc.com
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2024-10-30 17:13