Morph, the consumer application-focused blockchain, has unveiled a new coalition of centralized exchanges designed to assist emerging blockchain projects and developers.
The Morph Centralized Exchange Coalition aims to unite prominent CEXs from around the industry, as indicated by the Morph team in a press release shared with crypto.news on September 10.
Coalition features Bitget, MEXC exchanges
As per the announcement provided to crypto.news, this initiative is intended to enhance visibility on leading exchanges for the benefit of projects and developers, including Bitget, MEXC, HTX, and Poloniex. These exchanges will aid projects in gaining greater market exposure and liquidity.
The Morph Centralized Exchange Coalition will also facilitate connections between builders and potential venture capital funding opportunities. An Integration Committee will assess and recommend projects for listings on exchanges. This program will diminish the necessity for projects to invest resources in procedures like discovery and due diligence.
Rather than focusing solely on providing grants or financial support, the CEX coalition aims to empower developers to launch and scale their projects for widespread acceptance.
“By establishing a clear pathway for projects to access prominent trading platforms and funding opportunities from leading venture capital firms, we are able to create substantial impact and ensure long-term success for blockchain initiatives.”
Cecilia Hsueh, chief executive officer and co-founder of Morph
Advantages for ecosystem participants
This initiative could yield numerous advantages for projects, exchanges, and Morph, such as heightened market activity, total value locked, and enhanced decentralization.
Additionally, Morph is well-positioned to gain momentum ahead of its mainnet launch, which aims to introduce a consumer layer that promotes adoption and connects blockchain technology with real-world applications.
In August of this year, Morph partnered with Foresight Ventures to establish a $20 million ecosystem fund, targeting early-stage consumer projects that are being developed on the blockchain.
