Movement Labs completed a financing of 38 million yuan, receiving investments from OKX and Binance: How is the technological revolution led by blockchain innovation unfolding?

In the context of the rapid development of blockchain technology worldwide, L2 network solutions are increasingly gaining attention. Movement Labs, as a leading blockchain technology developer, has recently attracted significant attention with its developments. The company completed a $38 million Series A funding round in April 2024, led by Polychain Capital, with participation from Hack VC, dao5, and Robot Ventures. Movement Labs' grand vision is to build the first Layer 2 blockchain on Ethereum that adopts the Move language, aiming to enhance the security and efficiency of smart contracts while reducing costs.
The core technological innovation of Movement Labs lies in the construction of its MoveVM L2 network, which is designed to improve execution efficiency and ensure high security. By implementing parallelization and formal verification on Ethereum, Movement Labs can provide unique high throughput and comprehensive smart contract security while ensuring high liquidity and security with Ethereum. Additionally, investments from OKX Ventures and Binance Labs further highlight Movement Labs' potential and innovation in the blockchain technology field.
With the launch of the M1 and M2 products, Movement Labs aims to provide developers with powerful tools to build and deploy blockchain infrastructure and applications based on the Move language in various environments. These advancements signify Movement Labs' leading position in the global blockchain technology race, indicating its important role in driving industry development and innovation. The following sections will delve into the technical features and development prospects of Movement Labs.

Overview of Movement Labs: Building a High-Performance Blockchain Ecosystem Based on Move, Comprehensive Innovation in Technology and Applications

Movement Labs is reshaping the future of blockchain technology through its innovative products and services. The following three key directions outline how the company is advancing the widespread application of the Move programming language and blockchain technology.

1. High-Performance Blockchain Platforms: M1 and M2

The M1 and M2 launched by Movement Labs are two blockchain products built on the Move language, designed to provide high performance and flexibility. M1 is a community-first blockchain platform that achieves extremely high transactions per second (TPS) and instant transaction finality through the Move language. It also supports large-scale liquidity and modular customization accessible from day one. M2, as the first Move L2 layer on Ethereum, not only supports Sui Move and Aptos Move but also integrates the embedded EVM interpreter MEVM, allowing Sui, Aptos, and EVM users to share resources and functionalities of the L2 layer.

2. Movement SDK and Technical Tools

To support the widespread deployment and use of the Move language, Movement Labs has developed the Movement SDK, a modular framework that combines a high-throughput Move virtual machine with horizontal interoperability. This enables developers to build and deploy Move-based infrastructure and applications in any distributed environment. Additionally, the company provides tools such as Movement CLI, Fractal, and Hyperlane messaging infrastructure, as well as a shared sequencer aimed at enhancing interoperability between the Move base environment and other networks.

3. MOVE Token and Its Application Scenarios

In the Movement Labs ecosystem, the MOVE token is currently used as a testnet token, functioning only within the M1 test network environment and having no actual monetary value. With the development of MEVM, the MOVE token will be specifically used for testing purposes in the Move-EVM environment. The experimental nature of this token means that its functions and applications may change as development progresses, and participants need to understand the limitations and risks of these tokens in the testnet.
Through these key development directions, Movement Labs not only strengthens the application of the Move language in blockchain technology but also expands its influence, providing more innovative tools and platforms for global developers and blockchain enthusiasts. The company's vision is to further promote the democratization and decentralization of blockchain technology through these efforts, enabling the widespread adoption of the Move language worldwide.

Exploring the Core Role of Movement SDK in Blockchain Technology Innovation, Analyzing Its Future Development Strategy

The application of Movement SDK in the field of blockchain technology not only drives technological innovation but also sets new standards for interoperability and security across the entire ecosystem through its multiple key components. The following points detail the main theories and technical features of the SDK.

1. Technical Integration and Paradigm Shift

Movement SDK creates a multifunctional platform by integrating the advantages of MoveVM and Solidity, which not only enhances the existing blockchain ecosystem but also paves the way for future technological advancements. The SDK combines the security and resource management characteristics of MoveVM with the flexibility and adaptability of Solidity, achieving a paradigm shift in digital asset management, security, and cross-platform transactions.

2. MoveVM: The Core of Security and Resource Management

MoveVM is the execution engine of Movement SDK, providing a resource-oriented and strictly controlled environment for running smart contracts. The design of MoveVM emphasizes the uniqueness and non-replicability of resources, thereby achieving higher security and integrity in blockchain asset management. Furthermore, MoveVM employs strong type safety and formal verification techniques to minimize the risk of vulnerabilities in running code, enhancing the overall stability of the system.

3. Fractal: A Seamless Bridge from Solidity to MoveVM

The Fractal component allows developers to seamlessly deploy existing Solidity smart contracts to MoveVM. This bridging capability not only provides Solidity developers with a more secure and efficient execution environment but also retains the original logic and functionality of Solidity contracts, enabling developers to leverage the advanced security features and resource management capabilities of Move without sacrificing their familiar development experience.

4. Functional Expansion and Future Outlook

Through its modular and interoperable characteristics, Movement SDK not only simplifies the development and deployment process of blockchain applications but also makes cross-blockchain platform applications possible. This design not only meets current market demands but also prepares blockchain technology to face future challenges, demonstrating a capability for sustainable development and adaptation to emerging technologies.
Overall, Movement SDK enhances the functionality of the Ethereum platform through these innovative technical components and sets the tone for the future development of blockchain technology, signaling a key step towards higher security, efficiency, and interoperability.

Henry and Movement Labs Join Forces: Will Blockchain Business Innovation Flourish as Expected?

Through innovative collaboration, Henry and Movement Labs are leading a transformation in the business sector. This partnership has launched a business-centric blockchain platform that fully leverages the powerful capabilities of the Move Stack and introduces crypto cashback rewards, NFT loyalty programs, and seamless transaction processes. This integration not only simplifies the adoption of blockchain technology for enterprises but also enhances customer engagement and loyalty through cost-effective solutions.

The Henry platform serves as a multi-layer protocol that enhances customer engagement and loyalty through innovative crypto cashback and NFT-based loyalty programs. It provides brands of all sizes with the opportunity to adopt blockchain technology, facilitating a seamless transaction experience and offering attractive cashback incentives to customers.
Moreover, the Henry ecosystem consists of three core components: Henry Rewards, Henry Brands, and Henry ZK Rollup, collectively forming a comprehensive ecosystem. This system aims to fundamentally change the way business and blockchain technology converge by simplifying the technical barriers associated with blockchain, enabling brands to enhance customer engagement strategies economically and innovate loyalty building.
Although blockchain technology shows great potential in enhancing customer engagement and facilitating secure and transparent transactions, its integration into business is not without challenges. Many companies still face high entry costs and complex account management challenges in the blockchain space. Henry simplifies the technology by providing targeted solutions and delivers significant value through efficient distribution, creating a sustainable model for loyalty and rewards programs.
By reducing the costs and complexities of adopting blockchain, Henry paves the way for brands to seamlessly transition to Web3, thereby driving real-world utility and spawning a new wave of digital consumer interactions. This strategic solution lays the groundwork for the next billion users to enter Web3, making it a catalyst for industry transformation.
While this collaboration between Henry and Movement Labs brings many innovative possibilities to the industry, are we truly ready to embrace this business transformation led by blockchain technology? How will the future unfold, and can these advanced technology integrations genuinely meet the commercial needs of the global market? Only time will tell.