Ethereum Virtual Machine (EVM) Layer 2 firm Morph, announced it has raised $19 million in a seed funding led by investment firm DragonFly Capital. Other participants in the $19 million funding round included Pantera Capital, Foresight Ventures, Spartan Group, MEXC Ventures, Symbolic Capital, Public Works, MH Ventures, and Everyrealm, — an additional $1 million was raised in an angel round. The funding will be used to acquire talent, enhancing developer incentives, expanding marketing efforts and to improve the Morph’s visibility within the Layer 2 ecosystem and refining its technical infrastructure, said the firm.
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