Basic Information:
Movement is a modular framework for building and deploying Move-based infrastructure, applications, and blockchains in any distributed environment. The team is building a suite of products and services that allow non-Move protocols to leverage the powerful capabilities of the Move programming language without writing a line of Move code. The team's first version, M1, redefines L1 as a vertically composable and horizontally scalable Layer 1 framework that is compatible with Solidity, connecting EVM and Move liquidity, and allowing builders to customize modular and interoperable application chains with different user bases and liquidity out of the box.
Tags: Infrastructure Layer1 Modular
Established: 2023
Location: Los Angeles
Founding team members:
1. Franck Cassez is the research director of Movement, previously he was the blockchain research director at Windranger Labs and also worked at ConsenSys. He holds a PhD in computer science from Centrale Nantes.
2. Rushi Manche is a co-founder of Movement Labs, previously an Aptos software engineer.
3. Cooper Scanlon dropped out of Vanderbilt University to create a SPAC DAO tool. After completing the joint venture, he established and audited the first yield aggregator with Move. He then founded Movement Labs, a next-generation infrastructure company that unifies blockchain environments with composable Move templates.
Trend of popularity value changes:
Investor
According to PANews on April 25, and reported by CoinDesk, Movement Labs, co-founded by young entrepreneurs Cooper Scanlon and Rushi Manche, focused on building Ethereum L2 blockchains, announced the completion of a $38 million Series A funding round, led by Polychain Capital, with participation from Hack VC, Placeholder, Archetype, Maven 11, Robot Ventures, Figment Capital, Nomad Capital, Bankless Ventures, OKX Ventures, dao5, and Aptos Labs.
Basic Information
Polychain Capital is a leading global investor in cryptocurrency protocols and companies.
Venture Type:
Crypto-native Fund
Established: 2016
Location: USA
Many representative projects for external investment: Polymarket; Uniswap; Avalanche; dYdX; Solana
