Morpheus Labs, a blockchain-platform-as-a-service startup, has raised an undisclosed sum in funding from a Chinese angel investor at a valuation of $2 million.
The firm has also launched an initial coin offering (ICO) with a target fundraise of $25 million through the sale of 125 million Morpheus Infrastructure Tokens (MiT) from the first round. Token holders can use these to procure any services within the platform network and pay service providers.
