Ethereum L2 Morph completes US$20 million in seed and angel round financing, led by Dragonfly Capital
Ethereum L2 solution Morph announced the completion of a $19 million seed round of financing, led by Dragonfly Capital and joined by Pantera Capital, Foresight Ventures, The Spartan Group, MEXC Ventures, Symbolic Capital, Public Works, MH Ventures and Everyrealm. In addition, Morph also received $1 million in angel round financing, with investors including founders from Polygon, Manta, Galxe, Sei, Nansen, Story Protocol and other projects, as well as KOLs such as Icebergy, MoonOverlord, NaniXBT and Dingaling. Morph plans to use this round of financing to accelerate team building, improve developer incentives, and expand marketing efforts. As an Ethereum Layer2 solution, Morph aims to provide project founders with a one-stop development tool and solution. Morph is built on three key technologies: decentralized sequencer, Optimistic zkEVM integration, and modular design.
