On May 11th, Ethereum L2 Morph has raised $300,000 in funding on the angel investment platform Echo, created by the crypto trader Cobie. The angel investors on the Echo platform participating in this round of funding follow the same terms as previous venture capital rounds to ensure a fair and equitable investment opportunity.

According to official information, Ethereum L2 Morph has officially launched the Morph Holesky Testnet, Testnet which uses enhanced performance and infrastructure to fully match the upcoming Mainnet features and performance, and can be used to preview all the features planned by Mainnet for a seamless transition in the future. Among the new features of the Testnet are the Optimistic zkEVM integration that enables EIP-4844 with a significant drop Transaction Cost, a redesigned cross-chain mechanism that allows users to complete withdrawals in a single transaction, a Decentralization sequencer network to ensure security and reliability, and plans to set the standard with a number of market-first features built around a new economic model built around the Decentralization sequencer network. User interaction contributions to the Morph Holesky Testnet will currently be recorded, and contracts on the Morph Sepolia Testnet will remain accessible, but developers are advised to transition to the Morph Holesky Testnet.

According to PANews news on June 22, according to CoinDesk, Northstake, an institution-oriented cryptocurrency pledge platform, completed a financing of 2.8 million euros (about 3 million U.S. dollars), with participation from PreSeed Ventures, Morph Capital, The Aventures Fund, Funfair Ventures and Delta Blockchain Fund. The Copenhagen-based firm holds more than $80 million in crypto assets in 2022.

Odaily Planet Daily News Northstake, an institution-oriented cryptocurrency pledge platform, completed a financing of 2.8 million euros (about 3 million US dollars), with participation from PreSeed Ventures, Morph Capital, The Aventures Fund, Funfair Ventures, and Delta Blockchain Fund. (CoinDesk)

According to Titanium Media, on June 19, Beijing Shengshu Technology Co., Ltd. (hereinafter referred to as "Shengshu Technology") officially announced the completion of an angel round of financing of nearly 100 million yuan. This round was led by Ant Group and Baidu initiated BV Baidu. Venture capital and Zhuoyuan Capital followed suit, and the current valuation has reached 100 million US dollars. This round of funds will be mainly used for the construction of the core R&D team to accelerate the development of multi-modal large models and application products. This is the first AIGC project invested by Ant Group since the release of ChatGPT in November last year. It is also the third AI content generation-related project invested by Baidu Venture Capital. The first two are Xihu Xinchen and Morph Studio . It is reported that Shengshu Technology was established in March 2023. It was jointly incubated by Tsinghua-based AI company RealAI, Ant Group and BV Baidu Ventures. It is committed to becoming the world's leading builder of generative artificial intelligence infrastructure and applications. The company said that at this stage, Shengshu Technology is building vertical applications based on the underlying multi-modal general-purpose large model for subdivided scenarios of image creation and 3D asset creation. The AI image generation technology developed by it has exceeded the level of the latest version of the basic model of Stable Diffuion, and is expected to catch up with the latest version of Midjourney within this year.