Morpheus Labs and Polygon Tie-Up to Create Decentralized Apps
Blockchain-platform-as-a-service provider Morpheus Labs is based out of Singapore. It offers powerful tools, ready-to-use solutions templates, and scalable infrastructure to blockchain developers and related enterprises to efficiently build, deploy, and manage applications. Its solutions and tools have multi-cloud capabilities.
Polygon is the very first platform for Ethereum scaling and infrastructure development. Polygon has been used widely by developers to build and run decentralized applications, leading to reliable and quicker processing. It has proved to be advantageous due to its Ethereum compatibility and emerged as a highly scalable level 2 network for Ethereum. Its ability to support gasless transactions eliminates the gas fee element for users.
Post integration with Polygon Morpheus Labs can
- Comfortably build dApps, NFT, and Defi solutions aiding connection and interoperation across Ethereum compatible networks.
- Support instant and gasless or “zero-gas” transactions.
- Users can see a significant reduction in payment processing time by initiating a subscription to Morpheus Labs SEED platform using MITx on Polygon.
Polygon’s MITx token was earlier minted as an ERC20 Utility token for users. Morpheus Labs has initiated a campaign staking dApp(beta) to the Polygon Mainnet and is now conducting tests to stake MITx ERC20 tokens on Polygon. Earlier in July 2021, the fintech world saw the launch of MITx using the Polygon PoS Bridge.
Sandeep Nailwal, the Co-founder and COO of Polygon Network, commented that they, at Polygon, welcome this integration, given the “core fundamentals such as the education sectors and real-world business solutions provider” image of Morpheus Labs. He is also the co-founder of Matic Network, an ideal network for Matic price prediction. He added that the ML SEED platform from Morpheus Labs and the Polygon Chain will together offer developers a chance to design decentralized blockchains at an “accelerated and affordable pace.”
According to Bruce Lu, the Co-founder, and CTO of Morpheus Labs, with this integration, they have an opportunity to reach new target markets and segments. He says that having included ML SEED on Polygon has epitomized their deliverance on providing developers “a platform that focuses on ease and accelerated decentralized blockchain development solutions.”
Users are waiting with bated breath to see how this integration is going to pan out in the real world.