TechFlow news: Ethereum Layer 2 solution Morph announced a $19 million seed round led by Dragonfly Capital, with participation from Pantera Capital, Foresight Ventures, The Spartan Group, MEXC Ventures, Symbolic Capital, Public Works, MH Ventures, and Everyrealm.
In addition, Morph raised a $1 million angel round from founders of projects including Polygon, Manta, Galxe, Sei, Nansen, and Story Protocol, as well as KOLs such as Icebergy, MoonOverlord, NaniXBT, and Dingaling. Proceeds from this funding will be used to accelerate team expansion, enhance developer incentives, and scale marketing efforts.
As an Ethereum Layer 2 solution, Morph aims to provide project founders with one-stop development tools and solutions. Morph is built on three core technologies: decentralized sequencer, Optimistic zkEVM integration, and modular architecture.
