Morpheus, in Greco-Roman mythology , one of the sons of Hypnos (Somnus), the god of sleep. Morpheus sends human shapes (Greek morphai) of all kinds to the dreamer, while his brothers Phobetor (or Icelus) and Phantasus send the forms of animals and inanimate things, respectively.
Morpheus AI Launch Attracts $50M Within Hours
The decentralized AI network is developing open-source ‘Smart Agents’ 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 ‘Smart Agents’ – AIs that can interact with smart contracts on behalf of users.
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.
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.
Shapeshift founder Erik Voorhees, who is a contributor to the project, told The Defiant that while the Morpheus network is yet to go live, an early version of the node software is up and running.
“I’m just a humble community member. There is no corporation or foundation of any kind. No investors. No token sale. The project is entirely open-source and community-based,” Voorhees said.
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.
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Erik Tristan Voorhees is an American-Panamanian cryptocurrency entrepreneur implicated in facilitating money laundering through his cryptocurrency exchange ShapeShift. ShapeShift, unlike many exchanges, did not require user identification, allowing for anonymous transactions. He also co-founded Satoshi Dice and was the Director of Marketing at BitInstant. He has been referred to as a crypto-libertarian and has advocated for "the separation of money and state".[1][2]
In 2014, Erik Voorhees settled a dispute with the U.S. Securities and Exchange Commission (SEC) for over $50,000 regarding unregistered bitcoin-denominated share offerings between May 2012 and February 2013. The offerings involved SatoshiDICE and FeedZeBirds, a service rewarding users with bitcoins for sharing sponsored messages on Twitter.
Voorhees was born in Danbury, Connecticut in 1984,[3] and was raised in Colorado.[4] In 2003, Voorhees enrolled at the University of Puget Sound, where he became friends with a fellow student named Nic Cary who would subsequently introduce to Voorhees Bitcoin and later founded Blockchain.com. After graduating, Voorhees moved to Dubai, where he worked as a communications manager for a real estate company.[3] Since 2013, he has been living in Panama.[5]
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In July 2014, Voorhees launched ShapeShift, a digital currency exchange, in Switzerland, as a response to the downfall of the Mt. Gox exchange.[15] In 2014, an interview with him was included in the documentary The Rise and Rise of Bitcoin. In 2017 he stated he supported Segwit2x in the regards to the Bitcoin scalability problem.[16] ShapeShift, unlike many exchanges, did not require user identification, allowing for anonymous transactions. This lack of oversight enabled criminals, including North Korean hackers and Ponzi scheme operators, to launder nearly $90 million in criminal proceeds, with ShapeShift processing the largest portion of these funds among exchanges with U.S. presence. ShapeShift's policy facilitated the conversion of traceable cryptocurrencies like Bitcoin into untraceable ones like Monero, effectively obscuring the money trail.[4][6]
In 2014, Erik Voorhees settled a dispute with the U.S. Securities and Exchange Commission (SEC) for over $50,000 regarding unregistered bitcoin-denominated share offerings between May 2012 and February 2013. The offerings involved SatoshiDICE and FeedZeBirds, a service rewarding users with bitcoins for sharing sponsored messages on Twitter. The settlement, which Voorhees neither admitted nor denied, included a $35,000 penalty and forfeiture of profits, along with a five-year ban on participating in unregistered security offerings in exchange for virtual currencies.[17]
In 2018, Erik Voorhees was implicated in an SEC investigation into a $50 million cryptocurrency sale by Salt Lending Holdings Inc., where he was involved in fundraising. WSJ stated, that the SEC had been analysing whether Salt's token sale should have been registered as a securities offering and if it had violated a 2014 settlement banning Voorhees from such fundraising. As it was stated in a previous WSJ significant investigation on Voorhees,[18] ShapeShift, run by Voorhees, has been used by criminals to launder money, leading to law enforcement scrutiny and Voorhees has previously settled with the SEC for conducting an illegal stock offering for an internet gambling company, and his involvement with Salt's private offering raises legal concerns regarding his compliance with SEC regulations.[19]
In 2022, Voorhees was quoted in media in opposition to financial surveillance, in relating to a public spat he had with Sam Bankman-Fried, as SBF was promoting regulation of the crypto industry and Voorhees was opposed to it.[20][2]: ch. 38 [21]: ch. 13 [22]
https://en.wikipedia.org/wiki/Erik_Voorhees
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