Bitget invests multimillion dollars in Layer 2 blockchain Morph for dApps

On December 11, Bitget, a crypto trading platform, announced a multimillion-dollar investment in Morph, a Layer 2 blockchain for dApps. Bitget was attracted to Morph's roll-up technology, which enables secure and flexible transactions for dApps and speeds up dispute resolutions. The investment is part of Bitget's strategy to build relationships with innovative Web3 projects. Morph is excited about the partnership and the opportunities presented by Bitget's large user base and industry knowledge. Morph expects to launch its Testnet Beta in January 2024 and plans to initiate a seed funding round.