The crypto spot and futures trading platform Bitget announced on December 11 a multimillion-dollar investment in Morph, a Layer 2 consumer blockchain for value-driven dApps.
An important factor behind Bitget’s investment is Morph’s roll-up technology, which enables secure and flexible transactions for dApps and speeds up dispute resolutions by utilizing the “best features of Optimistic and ZK roll-ups to reduce cost barriers,” according to the latest information shared with Finbold.
Bitget Managing Director Gracy Chen described Morph’s team as vibrant and highly experienced. She believes the blockchain has the potential and the knowledge base to help encourage mass adoption. Chen added that the investment was part of Bitget’s broader strategy to build relations with innovative and promising Web3 projects.
Morph Gearing Up for Seed Round
Morph is reportedly excited over the cooperation with Bitget and specifically highlighted the ability to leverage the investment firm’s l
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