Movement Labs launches Move-based Ethereum L2 M2
Movement Labs has launched an Ethereum L2 M2 based on Move, which expands modular data availability layers to accelerate the creation of high-performance consumer DApps. Move VM has been optimized for high throughput, with native fee markets and embedded support for formal verification. M2 also extends through Blobstream, transmitting Celestia's high-throughput modular DA to Ethereum for integration by L2.
Earlier, Movement Labs announced the completion of a $3.4 million Pre-Seed round of financing, led by Varys Capital, dao5, Blizzard The Avalanche Fund, Borderless Capital, and its cross-chain fund focused on the Wormhole ecosystem. Colony, Interop Ventures, Elixir Capital, and BENQI also participated.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
David Sacks Won't Be Trump's AI and Crypto Czar; Here's What It's All About
Tether invests $775 million in video platform Rumble
XRP on the Rise: Trump Investment Rumors Boost Token’s Appreciation
Sonic Chain Hits Major Block Milestone, Here Are Crucial Stats