Morpheus Labs describes itself as a Blockchain Platform as a Service (BPaaS) that aims to simplify and expedite DApp development, while giving users the flexibility to choose between programming languages and blockchain runtimes. Morpheus Infrastructure Token version x (MITx). MITx is designed to be used within the Morpheus BPaaS network for all services and products rendered, platform subscription, distributorship licensing and token swaps with other digital currencies or tokens.
Morpheus Labs is a solution that has been in the works for a long time now as the project first started in 2016. They manage to raise funds in 2018 through an ICO following a seed fund raise in 2017. As most of the infrastructure is centralized and developed mainly towards enterprise, a big part of the codebase is private, and we were not able to notice much developing activity on their public accounts.