Summary
- Movement Labs announced that it will introduce the Move Virtual Machine to Ethereum through its developer mainnet.
- Selected partners reported that they can now implement DeFi protocols through this.
- Movement Labs announced that it has raised a total of $41.4 million in investments.
According to CoinDesk, a cryptocurrency-focused media outlet, Movement Labs, a blockchain development company based on the Move language, has unveiled its developer mainnet with the goal of introducing the Move Virtual Machine (MoveVM) to Ethereum (ETH). Through this, Movement Labs announced that it has established core infrastructure and enabled selected partners to implement DeFi protocols. Movement Labs raised $3.4 million in a seed round in 2023 and $38 million in a Series A round led by Polychain Capital last April.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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