The Web3Port Foundation partners with Movement to launch a $10 million ecological fund

ChainCatcher news, according to official sources, the Web3Port Foundation has announced a strategic partnership with Movement to jointly launch a $10 million ecosystem fund. This fund will be used to invest in native Movement DeFi, consumer, and gaming applications. Specifically, the fund will prioritize use cases that can only be utilized within the Movement network, such as customized high-throughput chains, innovative DeFi yield strategies, and full-chain computing.

Through this collaboration, both parties are prepared to drive innovation and growth in several key areas: establishing a $10 million ecosystem fund, strengthening early projects, co-building the ecosystem, accelerator collaboration, providing capital and market support, as well as participating in influential events and offline activities.