Ethereum L2 MORPH Completes $19 Million Seed Round Financing

Ethereum Layer 2 scaling solution MORPH has announced the completion of a $19 million seed round of financing, led by DRAGONFLY CAPITAL with participation from PANTERA CAPITAL and other institutions. MORPH aims to provide project founders with a one-stop development tool and solution to support the growth and development of their projects. MORPH's technical architecture is based on three key technologies: decentralized sequencer, OPTIMISTIC ZKEVM integration, and modular design, with the goal of improving the scalability and efficiency of the Ethereum network.