This is part 2 of a series of in-depth articles on the blockchain company, Morpheus Labs. If you missed part 1 of the series, you can find it here.
As discussed in the previous article, Morpheus Labs is setting out to tear down the barriers preventing businesses from adopting blockchain technology. They offer a revolutionary enterprise-grade platform that serves to simplify, expedite and lower the cost of blockchain development and integration.
The demand for enterprise blockchain solutions is huge and growing by the day. With such enormous potential, the competition in this space is plentiful.
What Sets Morpheus Labs Apart from its Competitors?
In a crowded space where many companies are jockeying for position, it takes a great deal to stand out. Let's take a look at why Morpheus Labs appears to be leading the pack.
Strong Team
Morpheus Labs boasts a highly qualified team who prides themselves on transparency. Their ability to secure government support and top-level strategic partnerships has been eye-opening.
I also believe their performance through one of the longest cryptocurrency recessions in recent memory is a great indicator of what we can expect in the future. The team didn't worry about token price, marketing, or outside perception. They kept their heads down and continued to build an amazing platform. The team passed this test with flying colors.
Government Backing
Morpheus Labs was selected by SGInnovate, which is a prominent incubator powered by the Singapore Government
I'm always encouraged to see blockchain companies with legitimate ties to the government. This is especially true in Singapore where government support of blockchain is very strong. Singapore is quickly positioning itself to be one of the world's premier blockchain hubs.
Strategic Partnerships
Morpheus Labs has shown an exceptional ability to secure top-level strategic partners. The level and depth of these partnerships are truly exciting.
- veriTAG: Read More
- Korea Medium & Small Industries Managers Association Since 1980: Read More
- VeChain: Read More
- QuarkChain: Read More
- NULS: Read More
- Hanwhan – DreamPlus: Website
The most notable partnership here, in my opinion, is with Hanwha Dreamplus. Hanwha is a huge Korean conglomerate ranked in the Fortune Global 500. Part 3 of this series covers the magnitude of that partnership.
Education
Morpheus Labs has displayed a deep commitment to supporting blockchain education. They've been vocal about the lack of quality blockchain developers and are taking steps to secure the future of blockchain through education.
- Morpheus Labs and Hanwha Dreamplus introduce Southeast Asia's first Blockchain Academy: Read More
- The company recently hosted students from the prestigious Tsing Hua University of China: Read More
MITx Token
MITx is designed to be the fuel that powers the Morpheus Labs ecosystem. The team clearly put careful consideration into designing their token economy.
You can read a detailed breakdown of the tokenomics here.
Highlights:
- BPaaS users are strongly incentivized to transact and invest in MITx.
- The structure displays that the team cares about maintaining long-term token demand.
- MITx will have utility in all parts of the Morpheus Labs ecosystem.
- The value of MITx is truly aligned with the success of the company.
They've also recently announced a significant token burn, eventually reducing the max supply of MITx by 45%.
Consultancy Services
Morpheus Labs will go a step further by offering assistance to clients in the form of consultancy. Enterprises will have access to Morpheus Lab's expertise through each step of the planning and deployment processes. This is the type of personal touch I've come to expect from Morpheus Labs, and it shows how invested they are in the success of their platform's users.
Consultancy will include:
- analyzing the proper approach to the technology
- advantages
- limitations
- feasibility
- deployment
- educating/training other employees of the company
Product
Morpheus Labs is more than just a white paper. They already have a fully-functional product that is quickly gaining attention.
The platform is already generating significant real-world revenue. Several notable enterprises have already signed up.
- VeriTag – Food import/export platform
- Dsoftec – Startup Accelerator
- LittlePo – Food and technology startup
- XMinds Infotech – Development house
Still Under the Radar
A very attractive component of Morpheus Labs is that, as of the publication date of this article, it is still vastly under the radar. The current market cap is quite low for a company with such strong fundamentals.
Why is it undervalued?
- Morpheus Labs conducted their ICO when Etherium was still in the $800 USD range. The bear market kicked in shortly after. Rather than utilizing resources on marketing hype, they put all of their efforts into delivering the platform.
- Being an Asian-based project, people in the western world are just beginning to grasp the magnitude of fundamentals and partnerships Morpheus Labs is bringing to the table.
Conclusion
I am truly impressed by the caliber of the Morpheus Labs team and their ability to secure government support and strategic partners. The amount of progress they've made in the last year, at a time when most of the crypto market was being decimated, is nothing less than impressive.
Although blockchain is still in its early stages of adoption, the technology is on it's way to affecting the daily lives of every individual on this planet.
Morpheus Labs is positioning themselves to play a critical role in that adoption.
Additional Resources:
Part 3 of My Morpheus Labs Series
Meet the community on Telegram
Disclaimers:
- All information and opinions found in this article, expressed or implied herein, are for informational and educational purposes only. I believe the information to be accurate at the time of publication, however, any decisions made on the basis of this information is done so at your own risk.
- The author of this article has personally invested in the MITx token.
