Gate Ventures has announced its participation in the Morph VC Collective to jointly promote innovation and development in the blockchain sector.

Odaily Planet Daily reports that Gate Ventures, the venture capital arm of Gate.io, has officially joined the Morph Venture Capital Collective, collaborating with leading investment institutions to promote the development of blockchain technology. This alliance focuses on supporting innovative consumer-grade blockchain projects and is committed to accelerating the adoption of blockchain applications. This partnership will help Gate Ventures further expand its investment footprint in the blockchain sector, particularly in the technical applications within the Morph ecosystem.

Morph Venture Capital Collective brings together several well-known venture capital institutions, such as Pantera Capital, Spartan Group, and Foresight Venture, dedicated to providing funding, strategic support, and mentorship to promising projects. As a new member, Gate Ventures will work alongside other top investment institutions to promote the sustainable growth of consumer-grade blockchain applications.