Morph, the consumer blockchain, has announced the launch of a centralized exchange coalition aimed at supporting new blockchain projects and developers.
The Morph Centralized Exchange Coalition will bring together the best CEXs from across the industry, the Morph team said in a press release shared with crypto.news on September 10.
Coalition includes Bitget and MEXC exchanges
According to an announcement shared with crypto.news, the initiative focuses on better visibility on leading exchanges for the benefit of projects and developers, including Bitget, MEXC, HTX and Poloniex. The grants will help projects achieve greater market presence and liquidity.
Read more: Bitget Wallet collaborates with Morph in testnet
The Morph Centralized Exchange Coalition will also connect builders with potential venture capital financing opportunities. The Coalition’s Integration Committee will examine and recommend projects for stock exchange listings. Meanwhile, the program will reduce the need for projects to allocate resources to steps such as discovery and due diligence.
Rather than just providing grants or other funds, the CEX Coalition will focus on equipping developers to launch and scale for mass adoption.
“By providing a clear path for projects to access major trading platforms and potential funding opportunities from leading 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 for ecosystem players
The initiative could bring multiple benefits to projects, exchanges and Morphing, including increased market activity, total value locked and decentralization.
Morph is also poised to gain further traction ahead of the mainnet launch, which will introduce a consumer tier aimed at driving adoption and bridging the gap between blockchain and real-world use cases.
In August this year, Morph partnered with Foresight Ventures to launch a $20 million ecosystem fund. Morph revealed that the fund would focus on early-stage consumer projects building on the blockchain.
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