ChainCatcher news, according to Cointelegraph, venture capital firms Gate Ventures and Boon Ventures have announced a partnership with Movement Labs to establish a new $20 million fund that will invest in Move ecosystem projects, including DeFi, GameFi, and interoperability solutions for data and asset transfer between the Move and EVM ecosystems. Startups supported by this initiative will also participate in its mentorship program and hackathons, and have the opportunity to join the blockchain interoperability research grant program.

ChainCatcher message, Camp Network announced a partnership with Movement Labs to bring social data functionality into the Web3 ecosystem. Through this collaboration, Movement Labs' dApp will be able to better target users, enhance user engagement, and create personalized experiences, thereby driving long-term growth and innovation for the platform.

ChainCatcher news, according to CoinDesk, Movement Labs is a blockchain developer aimed at bringing Facebook's (META) Move virtual machine (MoveVM) to the Ethereum blockchain, and has now joined Polygon Labs' AggLayer.It is reported that this collaboration will achieve unified liquidity between layer two networks using the Move smart contract language.

According to ChainCatcher news, Binance Labs announced an investment in Movement Labs, with the specific amount not disclosed. Movement Labs will support Sui Move, Aptos Move, and the embedded EVM interpreter MEVM, enabling Sui, Aptos, and EVM users to utilize L2, bringing smart contract security and parallelization to Ethereum.

ChainCatcher news, according to Fortune magazine, the blockchain development team Movement Labs has completed a $38 million Series A funding round, led by Polychain Capital, with participation from Hack VC, Foresight Ventures, Placeholder, Archetype, Maven 11, Robot Ventures, Figment Capital, Nomad Capital, Bankless Ventures, OKX Ventures, dao5, and Aptos Labs. This funding will support the company in bringing Facebook's Move virtual machine to Ethereum, addressing smart contract vulnerabilities and improving transaction throughput.According to the Web3 asset data platform RootData, Movement Labs was established in 2023 and previously completed a $3.4 million seed funding round in September 2023. In addition to its flagship product Movement L2, Movement Labs will also launch Move Stack, an execution layer framework compatible with rollup frameworks such as Optimism, Polygon, and Arbitrum.

ChainCatcher news, Manta Network, Celestia, Polychain, and Movement Labs will hold the Modular Hong Kong event on April 7 in Hong Kong. Renowned institutional investors from Polychain and founders and core developers from projects like Manta Network, Celestia, and Movement Labs will discuss the latest narratives and cutting-edge topics such as modularity, AI, Depin, Restaking, and MEME.

ChainCatcher news, Movement Labs has launched M2, an Ethereum L2 layer based on the Move language infrastructure. It utilizes Celestia's modular data availability layer for scaling, aiming to accelerate the creation of high-performance consumer applications.The Move VM is optimized for high throughput, featuring a native fee market and embedded support for formal verification. M2 also scales through Blobstream, transferring Celestia's high throughput modular DA to Ethereum for integration by L2.

ChainCatcher news, the modular blockchain network Movement Labs based on the Move language has announced the completion of a $3.4 million Pre-Seed funding round, led by Varys Capital, dao5, Blizzard The Avalanche Fund, Borderless Capital, and their cross-chain fund focused on the Wormhole ecosystem, with participation from Colony, Interop Ventures, Elixir Capital, BENQI, as well as George Lampeth from dao5, Calvin Liu from Eigenlayer, Smokey The Bera from Berachain, Anurag Arjun from Avail, CoinFlipCanada from GMX, and co-founder of Ankr.Movement Labs also announced the launch of the Movement SDK, which provides a secure and high-performance Move environment to the blockchain ecosystem.