According to Cointelegraph, venture capital firms Gate Ventures and Boon Ventures announced a partnership with Movement Labs to establish a new $20 million fund that will invest in Move ecosystem projects, including DeFi, GameFi, and interoperability solutions for data and asset transfers between the Move and EVM ecosystems. Startups supported by the program will also participate in its mentoring programs and hackathons, and have the opportunity to join the blockchain interoperability research funding program.