Movement Labs ecosystem update: modular MoveVM after $38M Series A
Thread261 words
Argues Move's formal verification and a parallel MoveVM make Movement's M2 rollup (Ethereum settlement, Celestia DA) a key modular play after its $38M Series A. Notes new ecosystem additions such as WarpGate and Nightly and Binance's participation.
Key claims
Movement raised a $38M Series A
Binance is among the investors
M2 is a modular MoveVM rollup on Ethereum with Celestia underneath
馃棡 Movement Ecosystem Update 馃棡
A billion $$$ ecosystem is emerging in front of our eyes and you are sleeping on it anon.
The future is modular and Move is inevitable.
Fueled by a $38M Series A, @movementlabsxyz is leading the modularization of the MoveVM. t.co/0OL0o4NXeC
1/ Have talked about it many times at this point but have to repeat:
Move will be a game-changer.
A programming language that incorporates formal verification and purpose-built for blockchain development, Move allows devs to build more secure and performant applications.
2/ The parallel MoveVM allows for unprecedented scalability, and enables use cases previously not feasible within the constraints of the EVM.
This is what @movementlabsxyz is running on M2, a modular moveVM rollup built on the Movement SDK on Ethereum with Celestia underneath.
3/ Recently, I have compiled an overview of the emerging @movementlabsxyz ecosystem and highlighted some of the key projects.
The speed at which the ecosystem on M2 is growing, is simply impressive.
x.com/zerokn0wledge_/status/1781325618015346723
4/ This expansion continues as more projects join the ecosystem.
One of the recent additions, @WarpGateX for example will be core infrastructure for the GameFi ecosystem on M2.
x.com/movementlabsxyz/status/1785103252884799833
5/ Tooling and infra around the ecosystem, including wallets such as @Nightly_app are expanding to M2 already as well.
x.com/movementlabsxyz/status/1784936596854231341
6/ Among the investors in the $38M Series A raise is @Binance.
Strong partner, also considering @movementlabsxyz' focus on engaging talented developers and communities in the APAC region to onboard them to the Move and Movement.
Move Everywhere.
x.com/movementlabsxyz/status/1785687053314736513?s=46&t=O2uK-CKjyzthkYmVjmprbg
7/ Keep your eyes on @movementlabsxyz anon. 馃憖
NFA. DYOR.
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What came next 路 since 02 May 2024
Since then
Zero has written 5 more pieces on Movement Labs since this one.
- Movement thesis: parallel MoveVM and Move<>EVM composability as an AltVM betOn Movement Labs
- Modular stack map: infra projects expected to launch tokens by year-endOn Movement
- Movement ecosystem thread: M1, M2, SDK and Battle of OlympusOn Movement Labs
- Why build on Movement M2: MoveVM parallelism and Move/EVM composabilityOn Movement Labs