The Morpheus Project
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
The Morpheus Project, a London startup founded by Dr Sirisilp Kongsilp, built Morpheus Metaverse, an educational virtual world combining historical artifacts, immersive AR/VR learning and NFTs. Educators could create virtual and augmented reality courses, and a learn-to-earn model rewarded teachers and learners with tokens. It was selected for The Sandbox and Brinc's $50 million metaverse accelerator and raised $250,000 in a December 2022 pre-seed round.
02 / The Morpheus Project FAILURE REASONS
Failure factors supported by the current evidence
The Morpheus Project launched its token-based learn-to-earn metaverse at the tail end of the 2021-2022 metaverse and NFT boom, just as funding and user interest in the sector collapsed. With only a $250,000 pre-seed round raised and no further financing announced, the company could not survive the crypto winter; trackers list it as shut down. No detailed post-mortem was published.
03 / EVENT HISTORY
Events in the structured record
- Funding round
The Morpheus Project raises a $250,000 pre-seed round and joins The Sandbox and Brinc's metaverse accelerator program.
- Operations ended
Amid the metaverse/NFT downturn, trackers list the company as no longer operating; no restart is reported.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
Educational metaverse with learn-to-earn tokens
- 02
$250K pre-seed, December 2022
- 03
Metaverse/NFT boom collapses
- 04
Listed as shut down; no post-mortem