🤯 VANDERBILT DROPOUT SECURES $38M TO MAKE BLOCKCHAIN ‘SEXY’ WITH FACEBOOK’S MOVE VM 🤯

In a move to revolutionize blockchain security, Movement Labs, co-founded by Rushi Manche and Cooper Scanlon, has raised $38 million in a Series A funding round led by Polychain Capital. The startup aims to bring Facebook's Move Virtual Machine to Ethereum, promising enhanced security and transaction speeds for its upcoming layer-2 blockchain, Movement L2.

Manche, who dropped out of Vanderbilt at 21, was inspired to explore Move after reading about Facebook's blockchain initiatives. "Security has never been a priority for the industry," he said, emphasizing the need to address the $5.4 billion exploited through smart contracts in 2022-2023.

Movement Labs' EVM will allow developers to deploy code that is fully verified at runtime, preventing common attack vectors like reentrancy. The company's Move-based approach, combined with parallelization, promises to stop 90% or more of attack vectors.

The startup is also introducing the Move Stack, a blockchain execution environment compatible with popular frameworks like OP Stack and Arbitrum Orbit. Movement L2 will prioritize decentralization and decentralized sequencers, with its testnet set to launch this summer.

Investors, including Hack VC, Placeholder, and Aptos Labs, are bullish on the team's vision to make blockchain security “sexy”. As Manche and Scanlon continue to build trust and traction, they're poised to shake up the industry with their innovative approach to blockchain security.