As a seasoned researcher with extensive experience in the cryptocurrency and blockchain space, I find the recent announcement by Morph regarding their Centralized Exchange Coalition to be a promising development for the industry. My years of studying and observing the market have shown me that collaboration between key players is crucial for fostering innovation and driving adoption. The involvement of top exchanges such as Bitget, MEXC, HTX, and Poloniex in this initiative will undoubtedly provide new projects with valuable exposure and resources.
Morph, a blockchain designed for consumer use, recently unveiled plans for a collaborative centralized exchange platform. This initiative aims to provide assistance and resources to emerging blockchain projects and developers.
According to a statement released by the Morph Centralized Exchange Coalition team and distributed to crypto.news on September 10th, this coalition will unite leading centralized exchanges from various sectors of the industry.
Coalition includes Bitget, MEXC exchanges
As reported by crypto.news, this initiative aims to boost the visibility of various projects and developers on top-tier trading platforms such as Bitget, MEXC, HTX, and Poloniex. These exchanges will assist these projects in gaining a larger market presence and improved liquidity.
Through the Morph Centralized Exchange Coalition, developers will gain access to prospective venture capital funding possibilities. The Integration Committee within this coalition will evaluate and propose projects suitable for exchange listings. Simultaneously, this program aims to alleviate the need for projects to dedicate resources towards steps like discovery and verification processes.
Rather than merely offering grants or monetary support, the CEX coalition will prioritize empowering developers to initiate and grow projects with widespread acceptance.
We make it possible for blockchain projects to connect directly with significant marketplaces and well-established venture capitalists, which helps these projects achieve substantial influence and lasting prosperity over time.
Cecilia Hsueh, chief executive officer and co-founder of Morph
Benefits to ecosystem players
Implementing this plan may result in numerous advantages for projects, transactions, and Morph, such as boosted market engagement, enhanced total value secured, and a more distributed structure.
Morph is expected to see increased popularity before its main network launch, as it plans to unveil a user-focused layer designed to boost adoption and connect blockchain applications with practical, everyday uses.
This August, Morph collaborated with Foresight Ventures to debut a $20 million fund focused on their ecosystem. Morph disclosed that this fund aims to support emerging consumer initiatives utilizing blockchain technology at an early stage.
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2024-09-10 20:03