Morph Introduces Developer Incentive Program with Airdrops and $100,000 Rewards

[ad_1]

Morph Introduces Developer Incentive Program with Airdrops and 0,000 Rewards

by Alisa Davidson

Published: March 22, 2024 at 11:29 am Updated: March 22, 2024 at 11:29 am

by Anastasiia Osipova

Edited and fact-checked:
March 22, 2024 at 11:29 am

In Brief

Morph unveiled an incentive plan for early developers to support project growth within the Morph ecosystem.

Morph Introduces Developer Incentive Program with Airdrops and $100,000 Rewards

Ethereum Layer 2 network developer specializing in consumer applications, Morph, announced an incentive plan for early developers to support project growth within the Morph ecosystem. This plan includes providing support in various aspects, such as sequencer fees, financial backing, airdrop distribution, community exposure, wallet assistance, and industry support.

Morph plans to focus on assisting consumer-centric applications, AI-related decentralized applications (dApps), and any other dApps across domains such as DeFi, NFT, infrastructure, and developer tools.

Selected outstanding developers will receive reimbursement for all sequencer fees incurred within the first year. Meanwhile, early ecosystem projects will benefit from $100,000 in funding, and 30% of the total airdrop amount will be designated for selected startup partners. Additionally, the developer’s projects will attain exposure within the Morph community, leveraging the traffic generated during Morph’s upcoming testnet and mainnet launches.

As part of the incentive plan, Morph will also enable developer collaborations with cryptocurrency wallets such as Bitget Wallet and Trust Wallet, among others, to attract early testers for (dApps) among active on-chain users. Furthermore, Morph will provide them with access to key industry connections, including investors–Dragonfly, Pantera Capital, Spartan Group, and Foresight Ventures, as well as esteemed project founders from Polygon, Etherfi, Manta, Galxe, Sei, Layerzero, Nansen, Story Protocol, and Encode.

Lastly, the program will allow developers to establish connections with major cryptocurrency exchanges globally, including Bitget, MEXC, M2, BitOasis, CoinDCX, and Bitso, to enhance market reach and collaboration opportunities.

🪙𝘽𝙄𝙂 𝙍𝙚𝙬𝙖𝙧𝙙𝙨 𝙛𝙤𝙧 𝙀𝙖𝙧𝙡𝙮 𝘽𝙐𝙄𝘿𝙇𝙚𝙧𝙨!

𝗥𝗲𝗮𝗱𝘆 𝘁𝗼 𝗰𝗿𝗲𝗮𝘁𝗲? We’ve just announced an incentives package that was designed to fuel your creative journey.

Don’t miss out on the tools you need to bring your ideas to life!https://t.co/X9Xu7dYwHo

— Morph 🐨 (@MorphL2) March 22, 2024

Morph plans to host multiple hackathons, bringing selected winners into the incubator program with $100k grant rewards, along with further assistance in token listing.

Morph Raises $19 Million in Seed Funding to Propel Development of Ethereum Layer 2 Network

Morph is an Ethereum Virtual Machine (EVM) Layer 2 network that leverages a combination of optimistic and zero-knowledge rollup technology to facilitate development across finance, gaming, social media, and entertainment domains. Morph is the first Layer 2 solution on Ethereum to introduce a decentralized sequencer. The platform was developed with mainstream audiences in mind, particularly targeting gamers and social media users, to provide a user-friendly option for developers seeking to build applications in these domains.

Recently, Morph concluded a $19 million seed round of financing led by Dragonfly, with participation from Pantera Capital, Foresight Ventures, and other investors. With the new funding, the company aims to support the expansion of its team, execute marketing initiatives to increase its visibility within the Layer 2 ecosystem, and advance the development of technical infrastructure.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa is a reporter for the Metaverse Post. She focuses on investments, AI, metaverse, and everything related to Web3. Alisa has a degree in Business of Art and expertise in Art & Tech. She has developed her passion for journalism through writing for VCs, notable crypto projects, and scientific writing. You can contact her at [email protected]

Alisa Davidson