PANews reported on October 13 that according to Cointelegraph, Gate Ventures and Boon Ventures announced a partnership with Movement Labs to establish a new $20 million crypto fund that will support the development of Move-based protocols, especially applications that connect the Move network to Ethereum compatibility (EVM), mainly including: GameFi dedicated to secure decentralized finance (DeFi) projects, in-game asset trading and non-fungible token (NFT) management, and interoperability solutions for data and asset transfers between the Move and EVM ecosystems.