🚀 Venture capital firms Gate Ventures and Boon Ventures have teamed up with Movement Labs to launch a $20M fund for Web3 startups! 🎉

- Focus: Move-based protocols bridging with Ethereum-compatible (EVM) applications.

- Targets: DeFi security, GameFi, NFT management, and interoperability solutions.

- Perks: Startups get mentorship, hackathons, and research grants.

Movement Labs, originally developed by Meta, aims to integrate Move and Ethereum transactions seamlessly. With $38M raised in Series A, they're set to revolutionize blockchain interoperability. 🌐

Stay tuned for more exciting developments in the Web3 space!