Consumer-grade public chain Morph and top Web3 investment company Foresight Ventures jointly launched the Morph Ecosystem Fund with a total of up to US$20 million, aiming to accelerate the development and deployment of consumer-grade blockchain projects in the Morph ecosystem and the entire Web3 industry.
The Morph Ecosystem Fund will be a comprehensive and systematic overall plan, including providing cutting-edge blockchain infrastructure for early consumer-grade blockchain projects, as well as financial support and all-round guidance including investment, financing, promotion, technology, operational expertise, and exchange listing.
“Our vision is to build a lasting strategic alliance that will enhance Morph’s capabilities and expand its impact,” said Cecilia Hsueh, co-founder and CEO of Morph. “This fund will not only provide financial support, but more importantly, provide a full-process growth environment for groundbreaking consumer blockchain projects, while driving innovation in the Web3 industry and creating greater value in the Morph ecosystem by leveraging Morph’s cutting-edge blockchain infrastructure and investment expertise.”
The fund will also match consumer blockchain projects with one-to-one strategic venture partners and provide financing support to help them reach funding deals, obtain additional funds, and navigate complex investment environments. In addition, the corresponding projects will also gain access to Morph's technical resources, development tools, and professional operational knowledge, and will be jointly promoted in Morph's media channels, social platforms, and industry events to increase their brand awareness.
“We see consumer applications as the only way for Web3 to achieve mass adoption and are excited to support an ecosystem like Morph that is so committed to consumers,” said Forest Bai, co-founder of Foresight Ventures. “Morph Network offers a highly practical technology stack, an ecosystem acceleration system, and unique advantages that are difficult to replicate in other regional markets.”
The Morph Ecosystem Fund will select applicants that not only provide innovative real-world consumer blockchain solutions for Web3 and the broader technology sector, but will also focus on applicants that align with Morph’s long-term strategic goals and have the potential to enhance the overall resilience of the blockchain ecosystem.
For more information on how to apply for funding, visit www.morphl2.io.
About Morph
Morph is a modular consumer-grade public chain solution that strives to provide unparalleled scalability and security while maintaining flexibility and composability.
At the same time, because Morph is based on the underlying architecture including decentralized sorters, Rollups, and Optimistic zk-EVM, it can support a wide range of consumer-level operational needs and is committed to building a vibrant community where everyone actively builds and shares. Morph's core vision is to make blockchain technology easy to use and indispensable in daily life, ensuring that it meets the actual needs of users outside the cryptocurrency field.
About Foresight Ventures
As a research-driven crypto investment and incubation giant with a top Web3 media network matrix, Foresight Ventures is one of the key bridges connecting the Eastern and Western Web3 ecosystems.
At the same time, Foresight Ventures has an excellent track record of supporting early-stage Web3 projects and advancing crypto technology, and is committed to working with visionary projects that have the potential to reshape the future of digital finance and other fields.