Introduction:
Today I would like to introduce an interesting project to you, which I have been following for almost a year now. The project is called Morpheus Labs (also known as MITx for its token) and is based in Singapore. The project has successfully raised around 10 million USD with their ICO, which took place last year. Despite crypto markets being in a bear market throughout almost the whole last year, the project itself has achieved various goals, and continuously works very hard keeping in line with their roadmap.
What Is Morpheus Labs?
Morpheus Labs aims to create a Blockchain Service Solution for Enterprises and thus aims to integrate the Distributed Ledger Technology into businesses around the world. Companies can easily integrate blockchain solutions into their ongoing projects, facilitating internal processes and saving a lot of costs. The advantage with Morpheus Labs is that companies can use the platform of Morpheus Labs to create their own own distributed ledgers and test out different kind of blockchain architectures, to then finally choose, which one fits them best. Another advantage is that the Morpheus Labs platform will allow companies to furthermore develop and test out DApps without the need of creating their own testing environment. Thus Morpheus Labs offers companies the opportunity to connect their businesses into the blockchain, while saving money and time at the same time.
As I mentioned above, Morpheus Labs is offering different blockchain architectures, which companies and organizations can choose from. Thus it is important for Morpheus Labs to have certain partnerships with different kind of blockchains architectures. The team has managed to partner up with quite known projects, such as Quarkchain, Vechain, NEM and Nuls. Further partnerships including details can be found on their website. To mention a few advantages of having different kind of blockchain architectures is that Quarkchain for example could help with the implementation of sharding, while VeChain for example could help with product verification and so on.
Roadmap:
From the perspective of their roadmap, Morpheus Labs is currently on time, proving again that the team is working very hard on delivering their goals. The next step in June 2019 will be the Version 2.0 Beta enabling enterprises to host real applications which are revenue sensitive and process driven. More info on their roadmap can be seen below:
Tokens:
Morpheus Labs has issued their own Token, also known as MITX.
- Circulating Supply (according to CMC): 205.577.285 MITX
- Total Supply: 799.999.997 MITX
- Exchanges: IDEX, HitBTC, FCoin, Liquid
My Opinion:
Despite the huge bear market, Morpheus Labs really showed that they are well on time with their project roadmap. Recently there also have been quite good exposure with great new partnerships, marketing and interviews. Brad Laurie for example recently did an over 1.5 hour interview with the Morpheus Labs Team, which I found to be very interesting. Take a look here if you are interested:
This is no investment advice. But I really believe that Morpheus Labs will do great in the future, as the first organizations will use their platform. Marketing activity has greatly picked up and the telegram chat has a lot more activity compared to a few months ago. I'm personally quite excited to see the first organizations coming on board soon.
Further Information About Morpheus Labs:
If you like to know more about the Morpheus Labs Project, I highly recommend you to visit their website and join their very active telegram channel. Also following them on twitter will help you to stay up to date. Here are the links:
Website: https://morpheuslabs.io
Telegram: https://t.me/morpheuslabs
Twitter: https://twitter.com/morpheuslabs_io
Great review, I like Morpheus Labs. They have a strong team and vision.
Thanks, yeah their team is quite strong. Also if you watch the interview with Brad Laurie you can clearly see how transparent they are about the project.
Hey @bumshak really like your review. Thanks for sharing Morpheus Labs. Haven't heard of it before, but will take a look into it.
Great, yeah it is for sure worth to take a look into Morpheus Labs.
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