Movement thesis: parallel MoveVM and Move<>EVM composability as an AltVM bet
Quote117 words
Lists why Movement is a big bet: $38M Series A, Binance Labs backing, over 40 apps on testnet day 0, parallel MoveVM with 1000s of TPS and Move<>EVM composability. Frames it as a cheaper, more performant Optimism and Superchain equivalent.
Key claims
Movement raised a $38M Series A
Public testnet launched with >40 apps
Parallel MoveVM with 1000s of TPS
Movement is one of my big bets. Why?
☞ Raised $38M Series A
☞ Backed by @BinanceLabs & co
☞ Public testnet with >40 apps on day 0
☞ Parallel MoveVM with 1000s of TPS
☞ Move<>EVM composability
☞ Language-level security features
☞ GOAT team led by @rushimanche and @coopsmoves
☞ Interoperable ecosystem of Movement SDK chains
☞ Atomic composability powered by shared sequencer
☞ Fully customizable, modular tech stack
☞ Vibrant & growing community (Bera/Monad-style)
This will be the next @Optimism (incl. Superchain), just cheaper, more secure and much more performant.
The era of AltVMs is dawning.
DYOR and get the full picture on @movementlabsxyz in the below research summary by @RedactedRes.
gmove anon! ⚡️ ⤵️
QUOTING @a1research__
Just two days ago, @movementlabsxyz launched its long-awaited public testnet. With $38M raised in a recent Series A and backed by @BinanceLabs and other big players, Movement could be the emerging giant of this cycle. Is this the "Big Bang Moment" for AltVMs? What makes Mov
Just two days ago, @movementlabsxyz launched its long-awaited public testnet. With $38M raised in a recent Series A and backed by @BinanceLabs and other big players, Movement could be the emerging giant of this cycle. Is this the "Big Bang Moment" for AltVMs? What makes Mov