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Morph Chain is a consumer-centric Ethereum Layer 2 founded by Phemex’s former CEO, focused on making blockchain technology more accessible for everyday use. It implements a hybrid Optimistic and ZK-powered rollup infrastructure to reduce cost barriers, increase transaction processing speed, and maintain the almost L1-level of security.
On December 11th, 2023, the Morph crypto company closed a $5M Pre-Seed funding round from the Bitget crypto exchange.