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Gate Ventures joins the Morph Venture Alliance to promote the adoption of Blockchain applications.
Gate Ventures becomes a new member of the Morph Venture Alliance, helping to mainstream Blockchain.
The venture capital department of a well-known trading platform recently announced its official joining of the newly established Morph Venture Capital Alliance. This alliance brings together several top venture capital institutions, aiming to support innovative consumer-level Blockchain projects. Through this strategic cooperation, the venture capital department will further expand its investment landscape in the Blockchain field, especially focusing on promoting the Morph ecosystem that facilitates the popularization of Blockchain technology.
The goal of the Morph Venture Capital Alliance is to connect highly promising Blockchain projects with well-known venture capital institutions in the industry. As a new member, this venture capital department will work with the alliance to support the sustainable development of consumer-grade Blockchain applications, providing funding support, strategic guidance, and mentorship to emerging projects, helping them grow and expand into the market.
The managing partner of the venture capital department, Kevin Yang, stated: "Joining the Morph Venture Alliance is highly consistent with our mission to support Blockchain innovation. By collaborating with other top venture capital institutions, we will be better able to help innovative Blockchain projects obtain the resources they need to succeed. The Morph ecosystem is expected to lead the next wave of consumer-level Blockchain technology adoption, and we are honored to be a part of it."
The Morph plan aims to provide more exposure opportunities for blockchain projects within its ecosystem, helping them gain the attention and guidance of top investment institutions in the early stages. Projects will be evaluated based on multiple criteria such as technical feasibility, team strength, scalability, and market prospects to ensure that the most promising applications receive the necessary support to promote their healthy development.
As an important part of the collaboration, the venture capital department will have the opportunity to gain in-depth insights into the rigorously selected high-potential projects within the Morph ecosystem, further showcasing its commitment to discovering and nurturing the next generation of Blockchain applications.
Cecilia Hsueh, the CEO of Morph, welcomed this collaboration: "We are pleased that this venture capital department has joined the Morph Venture Alliance, injecting new vitality into our strategic cooperation network and further promoting the mainstreaming of Blockchain technology. We will work together with our growing partners in the venture capital alliance to build a strong support system, empowering innovative Blockchain project teams to develop impactful consumer applications."
Morph is committed to bringing Blockchain technology to the mainstream, especially through applications aimed at large groups such as gamers and social media users. This concept aligns closely with the investment philosophy of the venture capital department. This collaboration will help promote the widespread adoption of Blockchain technology and redefine the interaction between decentralized applications and ordinary users.
It is worth mentioning that Morph, as an innovative consumer-tier platform, acts as a resource distribution hub, providing developers with the resources needed for large-scale market promotion and expansion. It utilizes a hybrid solution of ZK and Optimistic Roll-up technologies, along with a decentralized sequencer, bringing infinite possibilities to the mainstream user base, making it an ideal choice for developers when building such applications.
This cooperation will undoubtedly inject new vitality into the Blockchain industry, promote the development of more innovative projects, and ultimately facilitate the application and popularization of Blockchain technology in a broader range of fields.