Web3 is the future. It gives creators and users control over their data. There are plenty of Web2 companies that want to transition into Web3. However, they don’t know how to get the most out of this transition. That’s where Morpheus Labs comes into play. It offers the tools and services to make this transition easy and successful.
So, let’s take a closer look at what’s been going on at Morpheus Labs and their outlook on the future.
GEMS Esports On-Boards the Morpheus Hub
GEMS Esports is the World’s 1st Esports Gaming platform powered by blockchain. They were already a long-term stakeholder and customer of Morpheus Labs. Now they became one of the very first customers of the Morpheus Hub.
This gives companies access to the Morpheus Labs ecosystem. It allows Morpheus Labs to customize GEMS Esports needs in the Web2 and Web3 spheres. For example, features like,
- Tencent Cloud collaboration.
- Morpheus Web3 workflow development tools.
- Or event co-organizing.
Source: X
The Morpheus Meme Creative Contest
The Morpheus meme creative contest runs for six weeks. Each week, there will be new winners. The contest challenges community members, meme artists, creators, and enthusiasts to take part.
The contest runs from 12th July to 23rd, August 2024. Create a meme during each week and be one of the five weekly winners. Use this form to enter and find more details about the contest here.
Source: X
Morpheus Labs’ View and Outlook on the Future
It was six months ago when Morpheus Labs swapped from their $MITX token to $MIND. The $MIND token addressed and solved various issues that the $MITX token lacked. For example, insufficient incentives, integration challenges, and Embracing AI Advancements.
Morpheus Labs also developed three new products. Two are already available.
- AI-powered Smart Contract Studio — Making the smart contract development process easier and faster. Read more about this in their blog.
- AI-powered Web3 Workflow Platform — Bridges the gap between Web2 and Web3. It offers a streamlined and automated process.
- Web Studio — Coming soon. It’s a decentralized Dapps development tool.
There were also various new partnerships. This strengthened their ecosystem. For example, ICP, Aelf, and Coinweb had Web3 projects built on their chains by Morpheus Labs tools. Sotatek and Ekotech use their AI-powered products. The picture below shows their ecosystem.
Source: Morpheus Labs blog
For the future, Morpheus Labs plans to,
- Enhanced utility for $MIND holders — By means of higher membership tiers offering more benefits.
- Governance. — This will allow $MIND holders to vote on future ecosystem changes or features.
- Marketplace Development — Users will be able to create and sell vertical solutions. Powered by the $MIND token.
So, to sum up, Morpheus Labs keeps building. Transitioning to their new $MIND token took center stage in this plan for the future. It adds value to their ecosystem and to their community.
The current $MIND price is a quarter of a cent. It has a market cap of $3 million. From the total and max supply of 2.1 billion tokens, 1.3 billion circulate.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This article has been sponsored by Morpheus Labs.
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