So what morph is building is an Ethereum layer 2 that merges optimistic rollups and ZK technology. This is one of the first innovations that is happening in the layer 2 space. The end-users that they're focusing on are retail consumers, so a lot of the applications that they're going to be building cater to everyday people. Later on when we're doing the airdrop, you'll see why some of the apps are a little bit strange but also pretty fun to interact with.
In terms of funding, they raised 20 million from Dragonfly Panta and a lot of other tier one VCS, and CT is putting their valuation at at least $110 million. Historically, projects with large war chests tend to give out really good airdrops. Based on my experience, projects with a nine-figure valuation that has confirmed a test net airdrop tend to give out good rewards. Like we're talking about in the range of thousands of dollars, not pennies.
And as of right now, you are still early for the morph test net airdrop campaign. This is where we're at right now. We're currently in season 1. This will end by July 31, so there's still a couple of days for you to interact with the season 1 campaign before season 2 starts next month. Now, I'm going to show you how to interact with the season 1 campaign step by step.
Q: What is Morph building in the layer 2 space?
A: Morph is building an Ethereum layer 2 that merges optimistic rollups and ZK technology, focusing on retail consumers.
Q: How much funding did Morph raise and what is their valuation?
A: Morph raised 20 million from Dragonfly Panta and other VCs, with a valuation of at least $110 million.
Q: What can early participants expect from the morph test net airdrop campaign?
A: Early participants can expect good rewards in the range of thousands of dollars, not pennies.
Q: What is the current status of the interaction guide for Season 1 Campaign?
A: Season 1 of the campaign is still ongoing until July 31, with instructions on how to interact step by step.
