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  • Protocol Village: Morph EVM Raises $19M in Seed Round Led by Dragonfly
  • Crypto

Protocol Village: Morph EVM Raises $19M in Seed Round Led by Dragonfly

cryptovert March 21, 2024 2 min read

March
21:

Morph
,
a
fully
permissionless
Ethereum
Virtual
Machine
(EVM)
layer
2
for
value-driven
dApps,

announced
the
close
of
a
$19
million
seed
round
,
led
by
DragonFly
Capital
with
additional
participation
from
Pantera
Capital,
Foresight
Ventures,
The
Spartan
Group,
MEXC
Ventures,
Symbolic
Capital,
Public
Works,
MH
Ventures,
Everyrealm,
with
an
additional
$1MM
raised
in
an
angel
round.
According
to
the
press
release:
“The
innovative
technology
is
built
within
three
key
pillars
–
decentralized
sequencer,
optimistic
zkEVM
integration
and
modular
design.”

Blockchain
Project
Elastos
Announces
‘BTC
Oracle’
for
Bitcoin
L2

March
21:

Elastos
,
a

blockchain
project
,
announced
BTC
Oracle,
“a
radical
new
solution
that
will
enable
every
EVM-compatible
blockchain
to
be
a
Bitcoin
L2,
the
most
comprehensive
solution
for
cross-chain
operability
involving
Bitcoin
and
EVM
blockchains
yet.”
According
to
the
team:
“The
BTC
Oracle
is
part
of
Elastos’s
BTC
L2,
‘BeL2,’
the
first
BTC
L2
to
enable
the
direct
development
and
management
of
Bitcoin-native
smart
contracts.
Elastos’
BTC
Oracle
acts
as
a
zero-knowledge
proof
data
feed
that
provides
real-time
Bitcoin
information
to
EVM
smart
contracts.
A
prototype
is
now
available
to
illustrate
how
you
can
stake
ELA
in
return
for
Bitcoin
rewards.”

VeChain
Announces
‘Meatless’
App
for
Sustainable
Food
Products
as
Hackathon
Winner

March
21:

VeChain

announced
the
winners
of
its
most
recent
hackathon
hosted
at
the
University
of
Cambridge
in
partnership
with
EasyA
and
with
participation
from
BCG.
According
to
the
team:
“The
hackathon
encouraged
the
development
of
the
VeBetterDAO
platform,
a
sustainable
ecosystem
designed
to
incentivize
enterprise
and
individual
positive
impact
and
resulted
in
50+
X-2-Earn
projects.
VeChain
track
winner:
Meatless,
an
app
that
incentivizes
buying
sustainable
food
products
BCG
track
winner:
EcoNex,
an
app
promoting
eco-friendly
travel
Pitch-a-thon
track
winner:
LogiQ,
an
app
designed
to
streamline
trucks
freight-sharing.”


Protocol
Village
is
a
regular
feature
of



The
Protocol
,
our
weekly
newsletter
exploring
the
tech
behind
crypto,
one
block
at
a
time.



Sign
up
here


to
get
it
in
your
inbox
every
Wednesday.
Project
teams
can
submit
updates



here
.
For
previous
versions
of
Protocol
Village,
please
go



here
.
Also
please
check
out
our
weekly



The
Protocol


podcast.

Edited
by
Bradley
Keoun.

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