Question 4: Integration with Polkadot

Bruce: Polkadot stands out as an impressive project. We are in the process of incorporating its key features into our SEED platform to enhance interoperability. Additionally, we are engaging with various projects based on Polkadot, which we anticipate will draw more users to the SEED platform and increase the demand for MITx tokens. More detailed information will be shared in our upcoming technical update.

A notable project leveraging Substrate is Chainlink, which we also intend to utilize for inter-business communication. We believe in the power of network effects to drive success.

Question 5: 2021 Marketing Strategy Expectations

Pei Han: At Morpheus Labs, we are closely monitoring the growing global awareness surrounding the cryptocurrency market and the impending widespread adoption of blockchain technology by corporations and financial institutions.

Huawei Cloud Day marked our inaugural event of the year, and it will not be our last. We are eager to share more updates with our community regarding several significant announcements lined up for this year, which will contribute to our 2021 objectives of securing new partners and clients for our core product—Morpheus Labs SEED.

This recent event was aimed at familiarizing potential corporate partners with Morpheus Labs, and some negotiations are already in progress.

Moving forward, we plan to emphasize the importance of Huawei Cloud Day for Morpheus Labs, our products, and our stakeholders. Our marketing strategy includes:

1. Traditional Media
2. Cryptocurrency Media
3. Sales Strategy and additional initiatives, all of which will be revealed to the community in the coming weeks.

As previously mentioned, we have established several substantial partnerships that will promote the adoption of SEED. We are strategically allocating our existing marketing funds to support our 2021 announcements over the next nine months.

In contrast to 2020, where we faced certain challenges that limited our marketing potential, our 2021 strategy includes three primary objectives:

1. Continuing the User Growth initiative for SEED 2.0 initiated in September 2020.
2. Enhancing our Core Product to maintain competitiveness in the market.
3. Securing and promoting partnerships that benefit both Morpheus Labs and our collaborators, particularly in establishing our platform as the preferred choice for enterprises and developers in creating prototype DApps.

We are thrilled to work closely with Huawei, gaining access to a range of enterprises that we are excited to collaborate with this year. Huawei marks just the beginning of the next phase of our strategic plan that we officially commenced back in September 2020.

Alaric Lee from Morpheus Labs Team: Due to time limitations, we will address additional questions in the upcoming days. This Community AMA has provided valuable insights, and while our core team has addressed various pressing questions, we recognize that some of you may have further inquiries about Morpheus Labs. Therefore, we will be rolling out a new Feedback Form post-AMA for anyone wishing to pose additional questions.

As we progress through 2021, we assure you that Morpheus Labs will continue to support the community, working diligently for the project and all stakeholders who have stood by us.

Thank you to everyone for dedicating two hours of your Saturday afternoon/evening to join us. Stay connected through our official social media channels for future updates. We look forward to resuming our efforts next week!

P.S. If the community enjoyed today's AMA, please let us know through our feedback form, and we will consider hosting more AMAs regularly to keep everyone informed.

About Morpheus Labs

Morpheus Labs provides a Blockchain-Platform-As-A-Service (BPaaS) that offers essential tools, infrastructure, and various blockchain protocols along with use case references for enterprises and developers. Our platform empowers users to build, experiment, and manage applications with minimal cost and time. Start building for free on Morpheus Labs SEED!

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For inquiries, contact us at [email protected]. For collaboration opportunities, reach out to [email protected].