{
}
Movement Labs has secured a $100 million venture capital round, achieving a valuation of $3 billion, positioning it among blockchain unicorns. The company recently launched its Ethereum Layer-2 mainnet and introduced the MOVE token, which facilitates faster transaction settlements through a mechanism called "postconfirmations," reducing confirmation times to under one second.
Movement Labs, a San Francisco-based team developing a layer-2 blockchain on Ethereum, is nearing the completion of a $100 million Series B funding round, valuing the company at approximately $3 billion. The funding surge follows a rebound in crypto markets, driven by renewed investor interest and a favorable political climate. Investors will receive equity and the proprietary Move token, which has seen significant trading activity since its launch in December.
BYDFi, recognized among the top 10 crypto exchanges, has listed the $MOVE token, the native asset of the Movement Network, which launched on December 9, 2024. Built on the Move programming language, $MOVE enhances blockchain security and offers utilities such as transaction fee coverage and governance participation.Despite market volatility, $MOVE has shown resilience, trading at $0.7053 with a market cap of $170 million and a fully diluted valuation nearing $10 billion. The Movement Labs team, backed by significant funding, aims to establish $MOVE as a critical infrastructure token in the blockchain ecosystem.
Vanar Chain has partnered with Movement Labs to enhance support for blockchain projects, addressing industry challenges related to resource constraints and project discontinuation. This collaboration focuses on providing world-class product support, ecosystem resources, and partner connectivity, aiming to create a more interconnected blockchain ecosystem. The initiative targets growth areas like SocialFi, AI, PayFi, and RWA, inviting other blockchain ecosystems to join in establishing unified excellence standards.
Rushi Manche
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
movement labs raises 100 million in funding achieving 3 billion valuation
03:52 09.01.2025
movement labs nearing 100 million funding round amid crypto market resurgence
Brevan Howard Abs Rt Govt Bd A GBP Acc
Rydex Nova Fund
Khosla Ventures LLC
Coinbase Global, Inc.
USA
Rushi Manche
Cooper Scanlon
Mo Shaikh
Show more
14:00 08.01.2025
BYDFi lists MOVE token as Movement Network launches innovative blockchain ecosystem
13:30 13.12.2024
Vanar Chain and Movement Labs launch initiative to support blockchain projects
13:27 13.12.2024
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Retail and Consumer Goods
Supply Chain Management
Global Trade Developments
Government Economic Policies
Workplace Trends
Stock Market Updates
Industry Mergers & Acquisitions
CEO Changes
Fintech Startups
Venture Capital Investments
Financial Scams and Security
Finance Mergers & Acquisitions
Emerging Startups
Cryptocurrency Trends
Cryptocurrency & Blockchain Regulations
Funding Rounds & Investments
Energy Sector Developments
Countries:
Companies:
Apple Inc.
Google Inc.
Alphabet Inc.
NVIDIA Corporation
Tesla, Inc.
Microsoft Corporation
Amazon.com, Inc.
Delhivery Limited
Ecom Express Ltd.
Foxconn Technology Co., Ltd.
Samsung SDI Co., Ltd.
SWIGGY LIMITED
UWS JP Morgan EM A OSB
Netflix, Inc.
Airbnb, Inc.
Adobe Inc.
GEELY AUTO
TENCENT
CarTrade Tech Limited
Ciscom Corp.
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
South Korean Won
Vietnamese Đồng
Indonesian Rupiah
Algerian Dinar
Australian Dollar
Egyptian Pound
Saudi Riyal
Swiss Franc
British Pound Sterling
Russian Ruble
Pakistani Rupee
People: