Morpheus Labs Sponsors ETHTaipei Convention to Expand Web3 Presence

ETHTaipei is currently in full swing. There’s a main conference on 21st and 22nd March. You can also visit one of the various side events, between 19th and 25th March. Furthermore, there’s a hackathon between the 22nd and 25th March. So, there’s plenty of action. Vitalik Buterin was a keynote speaker on the first day. Morpheus Labs is one of the event sponsors.

So, let’s find out why Morpheus Labs is sponsoring this year’s edition of ETHTaipei.

What Is Morpheus Labs?

Morpheus Labs has all the tools to help Web2 firms make the switch to Web3. Their protocol offers low code features that make for smooth transitions. This is an attractive proposal for plenty of Web2 firms. Many of these firms want to get into Web3. However, they don’t always know how to do this.

Thrilled to have Morpheus Labs on board as our sponsor! 🔥@morpheuslabs_io‘ s #BPaaS platform & AI tools simplify #dApp creation. Prototype, deploy & manage blockchain solutions faster with templates & a collaborative workspace. Save time & cost with Morpheus Labs! pic.twitter.com/cVl1zY5aaT

— ETHTaipei 🇹🇼 March 21-24 2024 (@EthTaipei) March 15, 2024

That’s where Morpheus Labs fits into the picture. With their tools and knowledge, they can take Web2 firms by the hand. Once these firms transform, they have a solid working product for Web3. Their transition packages can include, but are not limited to,

• Coin creation.
• Smart contracts.
• Audits.
• Websites.

Their main product is SEED. That’s their blockchain-as-a-service platform. This platform offers various features, for example,

• Workflow studio — This is a low-code automation platform. 
• Smart contract studio. — Low-code streamlining of all facets from development to deploying smart contracts. The studio can, for example, design, test, or review a smart contract. Adding low code tools brings innovation to the crypto space.
• Collaborative Development Environment (CDE) — This tool reduces the need for coding. It’s a ready-to-use solution. It’s like a visual interface.
• Template solutions — Pre-built Web3 templates for Dapps. 
• Multichain infrastructure — Make full use of an AI powered multichain infrastructure. This will streamline your smart contracts.

This gives you an idea of the available options that Morpheus Labs offers. But existing Web3 firms can also use these tools. These AI-powered low-code tools make Dapp development and testing easy. That’s one of the reasons why Morpheus Labs sponsors the ETHTaipei convention. Here’s our introduction article on Morpheus Labs.

Nice to meet 👋🏻 our valued #partners at the @EthTaipei event. Connecting & forging with projects and ancillary #stakeholders within the @ethereum ecosystem 💪🏻

Met up with our trusted stakeholder, @BTSE_Official and their team here in Taipei. A pleasure catching up with their… pic.twitter.com/JqoDygGfUu

— Morpheus Labs (@morpheuslabs_io) March 21, 2024

Morpheus Labs and the ETHTaipei Convention

Sponsoring the ETHTaipei convention has various advantages for Morpheus Labs. First, their name will be all over the convention. That’s good for brand recognition. Furthermore, The Asian crypto market is a growing market. Statista expects an annual growth rate of 8.75%. The total expected revenue amount in 2028 is $2.5 billion. In 2024 the revenue growth stands at $1.78 billion. 

ETHTaipei Workshop with Morpheus Labs Co-Founder Bruce Lu

So, it’s an attractive market to position yourself and your project. That’s exactly what Morpheus Labs is doing. Sponsoring the convention also opened other options for the team. For example, co-founder, Bruce Lu, headed a workshop. That was all about speeding up dApp development and testing it. That happens with AI-powered low-code tools. Another great way to expose Morpheus Labs to a bigger audience.

Remember to join our co-founder, Bruce Lu at @EthTaipei tomorrow for a workshop on accelerating your #dApp development. Learn more on how #MorpheusLabs speed up ⚡️ the dApp development and testing with #AI-Powered low-code tools

🗓️ 22 March ⏰ 8:30-9:00PM

⚙️ Unleash your… pic.twitter.com/3Dq4ukrzoT

— Morpheus Labs (@morpheuslabs_io) March 21, 2024

Hands on, in real-life presentations are the best. Bruce Lu took full advantage of that. And that takes us to another part of the convention. There was also a hackathon. Here’s where Morpheus Labs stepped up. They added a prize pool of $1,500. Hackathons are events where developers try to improve existing products.

ETHTaipei Hackathon

Hackathons are places of innovation. As a developer, you can present your ideas there. If the organizer or sponsors of the hackathon like your idea, you most likely receive a reward. These rewards are often in the way of financial support. That way, the devs can continue and improve their ideas.

Morpheus Labs challenged developers to bring their ideas to Morpheus’ SEED product. SEED stands for Solution Environment for Enterprise Development. The challenge was to bring their ideas to life with 2 SEED features. These are the Smart Contract Studio and Workflow Studio. As pointed out earlier. You can earn part of the $1,500 prize money as follows,

• 1st place: $500
• 2nd place: $300
• 3rd place: $200
• Most Innovative Prize, 2 times $250. 

The two most innovative solutions will receive this last prize. It’s a great way to bring Morpheus Labs’ concept to developers. If they come up with good ideas, it may also improve SEED. However, most importantly, it adds to the variety of use cases SEED already has. See the picture below for the hackathon prize pool.

Source: ETHTaipei

Conclusion

Morpheus Labs is working hard to get more brand name recognition. As part of this strategy, they sponsored the ETHTaipei convention. This saw them reach out to the Asian crypto market. Part of their presence at the convention included a workshop by co-founder Bruce Lu. They also supported a hackathon with prize money. Morpheus Labs does not only onboard Web2 firms into the Web3 space. It can also accommodate existing Web3 firms with their tools.

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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