The Good Tech Companies - Morph Announces Mainnet Launch On Ethereum, Paving The Way For Consumer Blockchain Adoption

Episode Date: October 30, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/morph-announces-mainnet-launch-on-ethereum-paving-the-way-for-consumer-blockchain-adoption. Projects that are already building on Morph can now transition to the mainnet and continue developing their technology with this expanded scope, further driving Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #morph, #chainwire, #press-release, #morph-announcement, #blockchain-development, #ethereum-mainnet, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Morph announces mainnet launch on Ethereum, paving the way for consumer blockchain adoption, by Chainwire. New York, New York, October 30, 2024, Chainwire, asterisk Morph, a global consumer layer for driving blockchain adoption, today announced its mainnet launch on Ethereum. The mainnet launch marks a significant milestone in building Morph's consumer layer, serving as an expansion beyond a typical layer 2. Morph's consumer layer directly addresses the root causes of limited blockchain adoption, enabling ecosystem participants to exchange real assets and engage in transactions.

Projects that are already building on Morph can now transition to the mainnet and continue developing their technology with this expanded scope, further driving growth of the consumer layer. Greater than Cecilia Shea, CEO and co-founder of Morph, commented on today's news. Greater than, Morph's launch on mainnet marks a significant step in our mission to bring greater than blockchain to the masses. Currently, DAPPs are not designed for everyday greater than users we are working hard on changing this. This milestone propels our vision greater than of a decentralized, scalable, and secure infrastructure, empowering developers greater than and users alike with the tools they need to build and engage with the next greater than generation of consumer-centric decentralized applications. Morph's consumer layer is a carefully crafted

ecosystem of technologies, services, and features that combines optimistic and zero-knowledge roll-ups to strengthen both security and performance. To date, blockchain adoption has been slow due to regulatory, scalability, and performance issues. On the other hand, the newly launched Mainnet offers builders a blockchain experience that is scalable, secure, and user-friendly to the non-crypto native, enabling endless possibilities for consumer blockchain applications. Morph's Mainnet launch follows its previous Holski testnet that featured key upgrades including an EIP-4844 optimistic ZKVM integration to lower transaction costs and a revamped bridge mechanism to finalize withdrawals in a single transaction aiming to improve performance and infrastructure the test

net so over 6 million wallet addresses 100 million transactions more than 200 projects deployed and 1 million plus members joining the community greater than our goal is to be the one-stop shop for all builders around the globe to come greater than build on and be able to create success for the projects they're working on, greater than said Azeem Khan, COO and co-founder of Morph. While decentralization is greater than important in technology, the inability of builders to navigate the resources greater than needed to build, launch, and scale their companies is something we're here to greater than address. It's time for there to be a chain buy and for the builders. That is, Morph. As part of Morph's vision to revolutionize the blockchain industry by transitioning from a tech-centric niche to a

mainstream utility, Morph's consumer layer approach differs from that of other blockchains which focus narrowly on technical aspects without achieving widespread adoption. To address these challenges, Morph provides builders with key resources, including funding, incubation, acceleration, and go-to-market strategies to keep consumers top of mind. Initiatives such as the recently announced Centralized Exchange Coalition, an initiative composed of top centralized exchanges, empower builders to bring their projects to market, attract users, and access essential funding. Through this comprehensive support system, Morph enables builders to succeed, driving the next wave of blockchain innovation.

About Morph Morph is the global consumer layer, acting as the distribution hub for the resources builders need to launch and scale for the mass market. It leverages a hybrid solution of ZK and optimistic roll-up technology and a decentralized sequencer to enable limitless possibilities within mainstream audiences, making it a user-friendly option for developers who require a chain to build these types of apps. BitGit, the world's leading cryptocurrency exchange, is an original investor in Morph that will continue to play a role amongst the other investors in shaping the Morph ecosystem. Contact M Group on behalf of MorphMorph at mgroupsc.com. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. And thank you for listening

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