OKX Ventures Announces Series A Round Investment for Movement, the First Ethereum MoveVM Layer 2 Network
Singapore, April 25, 2024 — OKX Ventures, the investment arm of OKX, a leading cryptocurrency exchange and Web3 technology company, has issued updates for April 25, 2024.
OKX Ventures Announces Series A Round Investment for Movement, the First Ethereum MoveVM Layer 2 Network
OKX Ventures today announced its Series A round investment in Movement Labs, a pioneering blockchain development company. 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. The integrated execution environment provided by Movement Labs empowers developers with increased agency and the ability to build without barriers.
OKX Ventures Founder Dora Yue said: “We are delighted to participate in the investment for Movement, Movement is a Move language-based EVM modular network that optimizes the security and performance bottlenecks of Solidity. 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 movementlabs.xyz, or following them on X @movementlabsxyz and on Discord: discord.gg/movementlabsxyz.
For further information, please contact:
ENDS
About OKX Ventures
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. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.
Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.
Find out more about OKX Ventures here.
欧易OKX Ventures宣布投资首个MoveVM的L2网络Movement
Movement是首个专为速度和安全性而设计的集成式区块链网络。Movement通过在以太坊上构建首个 MoveVM L2，Movement 能够在执行层实现并行化和形式验证，从而有效地扩展应用程序。在Movement上启动的应用链和协议能够受益于独特的高吞吐量和完整的智能合约安全性，同时还能保持在以太坊上，以获得最佳的流动性和安全性。
“我们很高兴能够参与到Movement Labs的投资。Movement是基于move语言的EVM模块化网络，利用move语言来优化solidity的安全和性能瓶颈，将智能合约的安全性和并行性与EVM的流动性和用户群结合，以打造更快、费用更低、更具灵活性和兼容性的L2网络。其M1和M2产品的设计能够使开发者在任何环境下构建和部署move语言的基础设施、应用程序和区块链的模块化框架，赋能move语言的大规模应用和发展。”OKX Ventures的创始人Dora说。
