Two firms sign MoU to help blockchain and Web3 go from strength to strength

cointelegraph.com:

Two organizations have established a new partnership in their quest to establish an even bigger presence across South East Asia.

The memorandum of understanding between Morpheus Labs and PingCap was signed on July 28.

Morpheus Labs, which is incorporated in Singapore, says its goal is to ensure everyone can succeed when creating and implementing Web3 blockchain applications.

It offers an industry-leading blockchain development toolbox that reduces the time and effort associated with rolling out DApps — and boasts a library of tried-and-tested applications that developers can build upon.

Meanwhile, PingCap provides cloud-native, distributed SQL databases that are designed for real-time analytics — unlocking new insights while ensuring infrastructure can scale in line with business demands.

Their partnership will enable each business to refer customers to the other — and ultimately give clients a well-rounded experience with all of the tools and services they need to thrive. Collaborations are also planned in the world of marketing too, but the MoU doesn't stop here.

Morpheus Labs and PingCap are hoping to bring together their intelligence and contacts to help blockchain and Web3 go from strength to strength — all while building a talented community across South East Asia. This will be accompanied by an ambitious roadmap.

PingCap is already said to have achieved unicorn status — and for its part, it wants to expand throughout the region by establishing strategic partnerships with other brands that have already established a foothold in this thriving economy.

This is one of the latest memorandums of understanding to be signed by Morpheus Labs. Back in June, it teamed up with Avadore — an upcoming blockchain-based metaverse project