Flash News: OKX Ventures Announces Series A Round Investment for Movement, the First Ethereum MoveVM Layer 2 Network
Summary
Movement Labs is creating a secure, scalable, and developer-friendly blockchain infrastructure that combines the best aspects of modular and monolithic architectures.By building the first MoveVM Layer 2 (L2) on Ethereum through their innovative MEVM (Move + EVM) Zero-Knowledge L2 solution. This enables developers to build high-performance, secure applications while leveraging the liquidity and network effects of the Ethereum ecosystem. It combines the security and parallelism of smart contracts with the liquidity and user base of EVMs to create a faster, cost-effective, more flexible, and compatible Layer 2 network. Its M1 and M2 products are designed to enable developers to build and deploy move language infrastructure, applications, and modular frameworks for blockchain in any environment, empowering the mass adoption and growth of Move language in the future. "Learn more about Movement Labs by visiting , or following them on X and on Discord: .For further information, please contact:OKX Ventures is the investment arm of the second-largest crypto exchange by trading volume and Web3 technology company OKX, with an initial capital commitment of USD 100 million.