According to Foresight News, Move language infrastructure Movement Labs has completed a $3.4 million Pre-Seed round of financing, led by Varys Capital, dao5, Blizzard The Avalanche Fund, Borderless Capital and its cross-chain fund focused on the Wormhole ecosystem. Participants include Colony, Interop Ventures, Elixir Capital, BENQI, and individual investors include George Lampeth (dao5), Calvin Liu (Eigenlayer), Smokey The Bera (Berachain), Anurag Arjun (Avail), CoinFlipCanada (GMX) and the co-founder of Ankr.

Movement Labs has launched the Movement SDK, a modular framework for building and deploying Move-based infrastructure, applications, and blockchains in any distributed environment.