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