The first professional digital rating agency DigRate has assigned 5.2 points out of 7.0 to the Morpheus Labs project.
Morpheus Labs will provide companies and private developers with the necessary infrastructure to work with blockchain technology. The platform will consist of an integrated tools set (WorkSpace, BNR, administrator console) and a set of preconfigured tasks (DevOps marketplace, MPL) for rapid design, deployment, testing and management of distributed ledgers.
The main competitors of Morpheus Labs are Unibright and Dragonchain. The advantage of Morpheus Labs over competitors, in addition to the list of supported blockchain technologies (Ethereum, NEM, Hyperledger Fabric, Multichain with further expansion), is a complex set of tools and preconfigured tasks for the implementation of a full cycle of blockchain solutions.
MITx tokens will be used to purchase services and applications from blockchain developers, as well as to pay for platform services (subscription, licensing). The MITx token, based on the indicated functional, shows signs of utility-token, but there is no information about the Howey test passing.
There is a mention of working MVP with a user interface in open sources, but there is no public access to the demo. An introduction to the work of MVP is possible only through demonstration videos. The working code of the crowdsale smart contract is published on Github. The project team is balanced and consists of software developers with already implemented projects, designers and marketers. Some members of the team are members of ACCESS and SFA. The road map contains detailed information on the further development of the project, including both tech and business aspects. The project is a part of Singapore State Incubator SGInnovate, that consists of an engineers and qualified specialists with experience in implementing large-scale and complex projects. They will act as project advisers. The Morpheus Labs company identifies major partners integrators, that will contribute to the entering the international market. The project established partnership with the largest Chinese technology company Momentum Works on February 24.
In general, Morpheus Labs is an infrastructural b2b project with SGInnovate incubator support at the state level (Singapore). The project concept is relevant and focused on the growing field of blockchain development. The business model of the project is built around demanded services that will provide the project with stable sources of income. The opening of public access to MVP and the elimination of legal deficiencies will significantly increase investors confidence. The project team is ahead of the road map, that is a sign of high focus on the result.
More information about the strengths and weaknesses of the project can be found in our review.