Ethernet L2 Morph Announces Closing of $20 Million Seed Round
Morph, an Ethernet Layer 2 virtual machine, announced a $19 million seed round led by DragonFly Capital. The company plans to use the new funds for hiring, marketing to increase its management in the L2 ecosystem and its refinement of its technical infrastructure. Other investors include Pantera, The Spartan Group and MEXC, which raised an additional $1 million in an angel round. Bitget was an original investor in Morph and plans to continue to play a role in the Morph ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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