A16z Crypto Interprets the Logic of Leading Investment in Morpho: Bet on Open Credit Networks on the Chain According to a report by Golden Finance, a16z Crypto has released an article interpreting the logic of leading investment in Morpho, which points out that credit is the core mechanism for modern economic growth and capital allocation. The open credit network driven by blockchain is expected to reduce the cost of financial infrastructure, improve market competition efficiency, and provide a wider range of financing and revenue opportunities for global users. A16z Crypto disclosed its first contact with the Morpho team in 2022. Since the global financial crisis, the private credit market has rapidly developed, reflecting the market's demand for more direct and efficient financing models. At the same time, institutions issuing their own lending markets can share the liquidity and network effects of the network. The infrastructure in this field is expected to break the traditional financial intermediary system and build a global open credit network.