Morph launches CEX coalition to back blockchain developers, projects

Morph, the blockchain for consumer applications, has announced the formation of a centralized exchange coalition aimed at supporting new blockchain projects and developers.

The Morph team said in a press release shared with crypto.news on September 10 that the Morph Centralized Exchange Coalition will bring together the best CEXs in the industry.

The coalition includes Bitget and MEXC exchanges

According to an announcement shared with Crypto.news, the initiative aims to increase visibility on leading exchanges to benefit projects and developers, including Bitget, MEXC, HTX, and Poloniex. The exchanges will help projects achieve increased market presence and liquidity.

The Morph Centralized Exchange Coalition will also connect builders to potential venture capital financing opportunities. The coalition’s Integration Committee will review and recommend projects for exchange listings. Meanwhile, the program will reduce the need for projects to dedicate resources to steps like discovery and due diligence.

Rather than simply providing grants or other funding, the CEX coalition will focus on providing developers with the hardware they need to scale and prepare for mass adoption.

“By providing a clear path for projects to access major trading platforms and potential funding opportunities from top tier venture capital firms, we are able to drive meaningful impact and long-term success for blockchain projects.”

Cecilia Hsueh, CEO and co-founder of Morph

Benefits to ecosystem players

The initiative is expected to bring numerous benefits to projects, exchanges, and Morph, including increased market activity, total value locked, and decentralization.

Morph is also poised to gain more traction ahead of its mainnet launch, which will offer a consumer tier aimed at increasing adoption and bridging the gap between blockchain and real-world use cases.

In August of this year, Morph partnered with Foresight Ventures to launch a $20 million ecosystem fund. Morph said the fund will target early-stage consumer projects built on blockchain.