According to TechFlow, the 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 provide all-round support for early-stage consumer blockchain projects, including infrastructure, investment, financing, promotion, technology, operational expertise and exchange listing.
Cecilia Hsueh, co-founder and CEO of Morph, said the fund will provide a fully covered growth environment for groundbreaking consumer blockchain projects, drive innovation in the Web3 industry and create greater value in the Morph ecosystem.
The fund will also match strategic venture partners to consumer blockchain projects and provide financing support to help them reach funding deals, obtain additional funding and navigate a complex investment environment.
Forest Bai, co-founder of Foresight Ventures, said that consumer applications are the only way for Web3 to achieve mass adoption, and Morph Network provides a highly practical technology stack and unique advantages.
The Morph Ecosystem Fund will select projects that provide innovative solutions for Web3 and the broader technology sector, and focus on projects that align with Morph's long-term strategic goals.
For more information, visit www.morphl2.io.