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
OCBC Offers Fractional Bond Tokens for Corporates Investors
Report: Telegram Handed Over User Data in 2,000 Cases in 2024
The company complied with 900 requests, impacting a total of 2,253 users between October and December.
Bitcoin Dips Below $98K as Strong U.S. Economic Data Leads to $300M of Crypto Liquidations
Canaan launches two Bitcoin mining devices that can heat homes