{"id":244101,"date":"2024-02-09T03:37:11","date_gmt":"2024-02-08T22:07:11","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=244101"},"modified":"2024-02-09T03:37:11","modified_gmt":"2024-02-08T22:07:11","slug":"morpheus-ai-launch-attracts-50m-within-hours-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/morpheus-ai-launch-attracts-50m-within-hours-crypto-news\/","title":{"rendered":"Morpheus AI Launch Attracts $50M Within Hours &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>The decentralized AI network is developing open-source \u2018Smart Agents\u2019 that can interact with smart contracts on behalf of users.<\/p>\n<div>\n<p>Investors have plowed over $50M into the fair launch of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/mor.org\/\">Morpheus<\/a>, a peer-to-peer network of what the project calls \u2018Smart Agents\u2019 \u2013 AIs that can interact with smart contracts on behalf of users.<\/p>\n<p>Morpheus aims to make Web3 more accessible by providing a neutral ChatGPT-like chat interface, enabling users to easily buy or sell crypto, send stablecoins, access smart contracts, and use dapps and DeFi protocols.<\/p>\n<p>To incentivize the network, Morpheus is launching its MOR token, which has a fixed supply of 42M. Users can deposit stETH to accrue MOR emissions. The project plans to use the yield generated from user deposits to fund a pool of protocol-owned liquidity.<\/p>\n<p>Roughly nine hours after going live, nearly 22,000 stETH ($52M) has been deposited. Investors have the option of withdrawing their funds after seven days, with the MOR token expected to start trading after 90 days.<\/p>\n<p><!--$!--><!--\/$--><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/morpheus.206.189.243.3.sslip.io\/capital\" class=\"no-underline\"><\/p>\n<figure><figcaption class=\"text-center text-xs\">MOR Fair Launch<\/figcaption><\/figure>\n<p><\/a><\/p>\n<p>The release of Morpheus comes at a time when there is a growing demand for open-source alternatives to existing popular large language models, which are controlled by tech giants like Microsoft and Google.<\/p>\n<p>In its <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/github.com\/MorpheusAIs\/Morpheus\/blob\/main\/!KEYDOCS%20README%20FIRST!\/2.WhitePaper.mdhttps:\/\/github.com\/MorpheusAIs\/Morpheus\/blob\/main\/!KEYDOCS%20README%20FIRST!\/2.WhitePaper.md\">whitepaper<\/a>, Morpheus presents itself as an accessible, standardized graphical interface with an API for developers, a cloud solution for software access, and a comprehensive system for managing user data and recovery.<\/p>\n<p>Shapeshift founder Erik Voorhees is a contributor to the project but said he is keeping it under wraps to allow early community members to accrue more tokens.<\/p>\n<figure><img decoding=\"async\" alt=\"the-defiant\" loading=\"lazy\" width=\"628\" height=\"197.19745222929936\" data-nimg=\"1\" class=\"mx-auto\" id='b' style='filter: url(%23b)' src=\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F3324b4a92c08f33845354fd38a00d9c4a9db3f28-628x129.jpg&amp;w=828&amp;q=100\" \/><\/figure>\n<p>However, with $52M already deposited, the cat may be out of the bag.<\/p>\n<p><!--$--><\/p>\n<div class=\"relative flex items-center gap-2 rounded-md bg-[#191919] p-2 my-4 lg:hidden\">\n<div class=\"relative group  flex w-max items-center gap-2  p-2 text-sm text-white mx-auto\"><strong class=\"whitespace-nowrap w-min sm:w-auto bg-gradient-to-r from-[#9FF9D2] to-[#DB9FF9] bg-clip-text text-transparent\">DeFi Alpha<\/strong><span class=\"whitespace-nowrap  w-min sm:w-auto border-l border-white pl-1 lg:hidden\">Premium Content<\/span><\/p>\n<div class=\"tooltip font-heading shadow-cta absolute hidden lg:visible left-6 z-10 -top-[80px] w-max max-w-xs translate-y-full flex-col rounded-lg bg-[#EEEEF4] p-3 text-left text-xs text-black group-hover:flex lg:left-auto lg:right-4\">Looking for Alpha? Become a premium member of The Defiant and join our DeFi Alpha community.<\/p>\n<ul class=\"list-inside list-disc\">\n<li>DeFi Daily | Weekdays<\/li>\n<li>DeFi Alpha Letter | Weekly<\/li>\n<li>Defiant Podcast Transcript | Weekly<\/li>\n<li>Inbox Dump | Saturday<\/li>\n<li>Weekly Recap | Sunday<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/thedefiant.io\/go-premium#pricing\" class=\"disabled:bg-cta-disabled-background disabled:text-cta-disabled-text rounded font-semibold border-cta-primary-border bg-cta-primary-background text-cta-primary-text hover:border-cta-primary-border-hover hover:bg-cta-primary-background-hover ml-auto block p-2 text-center text-sm !text-black !no-underline shadow-newButton\">Start for free<\/a><\/div>\n<p><!--\/$--><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The decentralized AI network is developing open-source \u2018Smart Agents\u2019 that can interact with smart contracts on behalf of users. Investors have plowed over $50M into the fair launch of Morpheus, a peer-to-peer network of what the project calls \u2018Smart Agents\u2019 \u2013 AIs that can interact with smart contracts on behalf of users. Morpheus aims to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":244102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-244101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/244101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=244101"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/244101\/revisions"}],"predecessor-version":[{"id":244104,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/244101\/revisions\/244104"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/244102"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=244101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=244101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=244101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}