Through Facebook’s Move-based Ethereum virtual machines, Movement Labs aims to enhance smart contract security and transaction throughput within the Ethereum ecosystem.
Movement Labs’ vision to build a network of blockchains based on Facebook’s Move programming language bagged a $38 million boost through a Series A funding raise.
The San Francisco-based blockchain development team secured the funds in a round led by Polychain Capital and supported by Aptos Labs, Bankless Ventures, OKX Ventures and eight other venture capital firms.
Through Move-based Ethereum virtual machines (EVMs), Movement Labs aims to enhance smart contract security and transaction throughput within the Ethereum ecosystem.