- Expanding into Malaysia and Indonesia will be fueled by cash.
- Additionally, Startup Five Investment participated in the pre-agreement as an beginning trader.
Ficus Capital, an ESG-compliant Islamic venture capital firm, has announced a strategic investment of US$ 430,000 ( RM1. 9 million ) in Morpheus Labs, a Singapore-based AI-powered Web3 implementation program, as part of its Pre-A money square.
This expense, made through Ficus’s premier Ficus SEA Fund, aims to support Morpheus Labs in simplifying bitcoin execution, enabling businesses and developers to create, deploy, and control decentralised applications more quickly. By reducing time-to-market and streamlining processes, Morpheus Labs is driving development in the Web3 place.
According to Custom Market Insights, the world Web3 market is projected to grow from US$ 4. 8 billion ( RM21 billion ) in 2021 to US$ 69 billion ( RM30 billion ) by 2030, at a compound annual growth rate ( CAGR ) of 68 %, underscoring the rapid expansion and opportunities in this sector.
Rina Neoh, managing partner of Ficus Capital, said: “Our funding in Morpheus Labs reflects our opinion in the transformative potential of Web3 and our trust in the business ’s ability to lead this trend. Their extensive software and ecosystem-first approach align with our vision of fostering green, flexible, and effective industrial solutions. ”
Morpheus Labs is an award-winning head in the Web3 room, offering an AI-powered software that simplifies Web3 deployment for firms and designers. Its essential features include:
- Smart Contract Studio, which makes it simple to use AI to create intelligent deals.
- Workflow Studio, a drag-and-drop resource for integrating Web3 capabilities into existing systems.
- In order to speed up the creation of decentralized applications (dApps ), Web Studio ( UI/UX) offers customisable templates.
Pei-Han Chuang ( pic ), founder and CEO of Morpheus Labs, said: “Ficus’s investment is pivotal in fuelling our growth and expanding our capabilities in the Web3 space. With their help, we are also expanding into important markets like Malaysia and Indonesia, where a fresh, tech-savvy community is driving online implementation.
“Ficus Capital’s responsibility as an ESG-i VC aligns completely with our objective to encourage decentralisation and diversity. As we strive to provide visible and sustainable bitcoin answers, their emphasis on Shariah-compliant ESG investing is in sync with our principles. Additionally, Ficus’s involvement in this round enhances our access to the Malaysian market and its growing technology ecosystem, ” he added.
In addition to Ficus Capital’s purchase, Startup Five Investment, a store account and part of AVA Angels specialising in electronic change, ESG, and Web3 investments, has even joined the Pre-A round as an early investor, following Ficus’s lead. Chuang is investing alongside both firms, reinforcing confidence—both internal and external—in Morpheus Labs ’ potential to transform Web3 development.
Jeffery Yang, managing partner at Startup Five Investment, said: “We are excited to support Morpheus Labs as they shape the future of Web3 technology. Their platform’s cutting-edge features and seamless integration align perfectly with our investment strategy, and we believe this partnership will drive significant innovation in the Web3 ecosystem.
In addition, we are pleased to make an investment in Ficus Capital, a reputable venture capital firm in the ESG and Shariah-compliant space, furthering our shared commitment to supporting sustainable and impactful technologies. ”
With this strategic investment, Morpheus Labs is poised to accelerate its growth and innovation. It has already secured a key collaboration with Viu, PCCW’s leading pan-regional OTT video streaming service, to pioneer new Web3 experiences for users and content creators. By leveraging blockchain technology, this partnership aims to enhance content monetisation, digital rights management, and user engagement across media platforms.
We are excited about the opportunities that lie ahead, Chuang continued. Together, we can unlock new potentials in the Web3 space, expanding our platform’s scope and accelerating blockchain adoption in the entertainment industry.
“With our AI-powered platform, we are empowering businesses to build and scale blockchain solutions more efficiently. This collaboration marks a significant step in the direction of redefining digital experiences for users and creators all over the world. ”