Movement Labs raises $38M in a Series A funding round led by Polychain Capital.

#MovementLabs , a blockchain development firm, secures $38M in a 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. Raised funds will used to bring Facebook's Move Virtual Machine to Ethereum. This project aims to address smart contract vulnerabilities and enhance transaction throughput via the Movement zero-knowledge #Layer2 blockchain.

👉 theblock.co/post/290891/polychain-capital-38-million-usd-series-a-round-movement-labs-facebook-move-ethereum

Movement Labs, led by two young leaders from Facebook's Diem project, they are now pioneering the integration of the Move language into Ethereum's dynamic ecosystem. 🚀

Explore Movement Labs' flagship projects: M1 & M2. M1 aims to provide high TPS and instant certainty, while M2 focuses on being the first Move-based Layer-2 on Ethereum, supporting diverse Move versions such as Sui Move and Aptos Move.

Why choose Move? Developed by Meta, Move is designed to create resource-driven secure and transparent smart contracts, simplifying asset transfers and contract security.

The MOVE token, which plays a key role in the testbed environment, is designed to execute transactions within the Movement Labs ecosystem without an actual monetary value, focusing on testing and validating the network.

Exciting times ahead! With recent investment support from Binance Labs and $38 million from a Series A round led by Polychain, Movement Labs aims to expand into the Asia-Pacific region and increase global adoption of Move.

Read full article at: https://vinablockchain.com/movement-labs-token-move/

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Binance Labs invests in Movement Labs to enhance #Ethereum with smart contract security and parallelization capabilities.

#BinanceLabs invests in #MovementLabs in addition to $38M raised in the Series A round. Raised funds Movement Labs will use to bring Facebook's Move Virtual Machine to Ethereum. This project aims to address smart contract vulnerabilities and enhance transaction throughput via the Movement zero-knowledge #Layer2 blockchain.

Movement Labs will support Sui Move, Aptos Move, and an integrated EVM interpreter MEVM, enabling users of Sui, Aptos, and EVM to access L2 functionality.

👉 binance.com/en/blog/ecosystem/binance-labs-invests-in-movement-labs-to-bring-smart-contract-security-and-parallelization-to-ethereum-116269849788036189

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Movement Labs is bringing Move execution to new networks and environments. Our flagship products are M1 and M2.

We are also building the Movement SDK, Movement CLI, Fractal, Hyperlane messaging infrastructure, and the Movement Shared Sequencer to provide paramount interoperability between our Move-based environments and other networks.

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