According to Foresight News, the Movement Network, an Ethereum L2 network that supports the Move language, has launched a public testnet. Officials said it is ready for large-scale applications, and currently 6 Web3 projects have been successfully deployed, with the mainnet TVL reaching $160 million.

In addition, Movement Labs co-founder Rushi Manche has confirmed his attendance at the annual FORESIGHT 2024 summit to be held in Hong Kong from August 11 to August 12.