What is Morpheus Labs?

Morpheus Labs (MITx, it's token name) is a Singapore based Blockchain Platform-as-a-Service(BPaaS) project and was founded in 2017. They are a "bridge" that connects all sizes of enterprises + developers to blockchain projects, such as #Ethereum, #QuarkChain, #Vechain, #NEM, #Hyperledger and #MultiChain, etc.

Below shows the current clients and partners of Morpheus Labs.

You may think that these are all the blockchains that will be working with MITx, however, these are not all the blockchains that will be collaborating with Morpheus Labs. Morpheus Labs will be onboarding more blockchain projects in the future depending on the demands of its clients, which means that there would be dozens and more that is onboarding to Morpheus Labs platform because of the huge demand coming from different types of enterprises(Food & Beverages, Finance, Supply Chain, etc) today and it is faster than we can ever imagine.

One example is the recent big news of IBM utilizing the Stellar protocol for their world money transfers and more services.

This is a piece of really amazing news​ because big players like IBM made their first move to embrace cryptocurrencies will lead to their competitors and all other industries to follow what IBM is doing, mainly because it can help save costs for the firms.

Advantages of Morpheus Labs?

Any enterprise or developer that is interested in leveraging blockchain technology to enter the blockchain industries, but doesn't have the connections/knowledge to which blockchain to use now has Morpheus Labs as a guiding hand. Morpheus Labs help them accelerate their trail and errors with consultation and ensures they choose the right blockchain for their business needs. Not only does Morpheus Labs helps it's clients to onboard the blockchain technologies easily which saves them 60% of their time spent wandering around, but the clients can also save more than 50% of their operating costs if right blockchain is being used with the help of MITx team.

Moreover, during an interview with Blockchain Brad, a Crypto YouTuber, Pei Han revealed that Morpheus Labs has a successful track record of helping an enterprise, VeriTAG whom at first wasted a lot of time and cost before knowing Morpheus Labs and it helped in adopting a blockchain service for VeriTAG, saving them a huge amount of time and cost in the end.

With this success, I believe that Morpheus Labs will be achieving more than what they currently have done.

Advantages of MITx token

Let's move a bit deeper into their MITx token, which is currently ranked 645 under CoinMarketCap with a low cap of 1.8 Million USD. Morpheus Labs successfully raised 9.6 Million USD for their project which is an incredible amount compared to other projects that raised more than they needed.

The MITx token is special in a way because all enterprises or developers who need to use the services need to buy and hold the MITx tokens so they can continue using the services. Morpheus Labs even provide OTC services for their clients and partners to buy the MITx token. How wonderful is that to onboard new enterprises?!

This ensures the MITx token will appreciate in value if the business model is working well.

So far, Morpheus Labs have a wide number of interests coming from different industries. Morpheus Labs also has a ​deep relationship with the Singapore government, which makes the token more valuable in the long-term in an investment standpoint. Also, not forgetting their relations with Singapore government Polytechnic, which can further increase the business opportunities with the Singapore education sector.

Conclusion

In conclusion, Morpheus Labs is onboarding partners and enterprises + developers to their platform rapidly which shows their eagerness to succeed. I foresee that MITx will be one of the crypto projects that can bring mass adoption for more enterprises which will make its token much more valuable than it is today.

Links to Morpheus Labs for your convenience:

Website
CrunchBase:
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The above is not investment advice and is my opinion​. Please do your due diligence when investing.