Morph is Scaling Ethereum’s Layer 2 with $19M Funding

Morph, a scaling solution for Ethereum’s second layer, recently secured a $19 million seed round led by Dragonfly Capital.

Scaling solution for Ethereum’s second layer The $19 million seed round of funding for Morph was led by Dragonfly Capital and included Pantera Capital, Foresight Ventures, The Spartan Group, MEXC Ventures, Symbolic Capital, Public Works, MH Ventures, and Everyrealm. The announcement was made by Morph. 

An additional $1 million was raised in an angel round by investors such as Dingaling, Story Protocol, Icebergy, MoonOverlord, NaniXBT, Story, Sei, and Manta, who were all founders of Polygon. The funds that Morph has just raised will go into building out their technological infrastructure, expanding their team, and launching marketing campaigns to raise their profile in the Layer 2 ecosystem.

The Morph protocol provides a permissionless way to scale the second layer of an Ethereum virtual machine (EVM). By combining optimistic and zero-knowledge rollup technologies, it provides a simple way for programmers to build apps for the gaming, social media, entertainment, and financial industries. 

By striking a balance between decentralization, security, and scalability, Morph solves the blockchain trilemma from a technological standpoint. 

“Our focus on the consumer side is driven by our desire to take blockchain technology to the next level and see it adopted by the masses,” stated Cecilia Hsueh, co-founder and CEO of Morph. 

Optimistic zkEVM Integration, modular design, and decentralized rollup technology redefine the Layer 2 landscape.

For Layer 2 initiatives, Morph offers a founder-friendly pipeline. Modular design, optimistic zkEVM integration, and decentralized rollup technology are the three mainstays of its technology. Using Morph, developers have access to a set of tools that help them from the beginning of their project all the way to when they are considering launching their token. 

In addition, it is the first Layer 2 scaling solution for the Ethereum blockchain to use a decentralized sequencer. This means that multiple entities or nodes can take part in the sequencing process, which makes it harder for a single node to alter the order of transactions.

The current Layer 2 market is more concerned with making quick money to win the next round of the casino than with creating a system that can last, according to a statement published by Azeem Khan, COO and co-founder. Additionally, he proudly stated that Morph assists developers in making decentralized applications (dApps) that have the potential to have a lasting impact and attract a large user base.