According to BlockBeats, on September 25, Movement Labs announced the launch of the accelerator "Move Collective", which aims to cultivate and support promising projects in the Movement ecosystem. Recent beneficiary projects include:

Lync: Raised $1.5 million to build user-centric native mobile apps and games;

HelixLabs: raised $2 million for its innovative cross-chain interoperability solution;

Nexio: Raised $2.2 million for Bitcoin parallel rollup;

Echelo: Raised $3.5 million for a decentralized lending protocol;

Meridian: Raised $4 million to build a powerful and secure DeFi platform.

Move Collective transforms innovative ideas into successful blockchain applications by providing funding opportunities, expert mentorship, strategic networks, and essential resources.

Previously, Movement Labs and the Web3Port Foundation jointly launched a $10 million ecological fund to invest in native Movement DeFi, consumer and gaming applications.