Movement Labs raises $3.4M to further develop smart contract language Move

2023-9-13 19:15

Movement Labs said it raised  $3.4 million in pre-seed funding to boost the security and adoption of its Web3-based Smart Contract Language, Move.

According to a Sept. 13 statement shared with CryptoSlate, Move is a programming language with embedded safeguards that protects projects from common attack vectors like reentrancy that have cost the industry billions of dollars.

Movement Labs co-founder Rushi Manche described the Web3 programming language as blowing the roof off Web3 innovations because it solves many security and performance issues inherent in Web3 programming languages. He added:

“Benefits to Smart Contract developers include direct interaction with digital assets through custom resource types, flexibility with transaction script declaration, on-chain verification, and bytecode safety privileges.”

The funding round featured investors like Varys Capital, dao5, Blizzard, The Avalanche Fund, Colony, Interop Ventures, and Elixir Capital. The round also had angel investors like George Lampeth, Calvin Liu, “Smokey The Bera,” and co-founders of Ankr, among others.

Movement SDK

Meanwhile, Movement Labs plans to launch the Movement Software Development Kit (SDK) to improve Move’s interoperability across blockchains. The SDK will use M1, a unique modular tool to combine horizontally and vertically reachable performance access to established blockchains.

The M1 protocol, however, is set to bypass the cold-start problem usually faced by new protocols following its establishment on the Avalanche Consensus. By living on the Avalanche Network, M1 can bootstrap its ecosystem, liquidity, validator set, and EVM-traditional tooling.

Other features of the M1 protocol include its description as a community-first blockchain with transparent tokenomics and low staking requirements to improve decentralization. Through Move’s interoperability, developers can use alternative virtual machines across blockchains to manage their assets without leaving their preferred networks.

William Patterson, the head of venture at Varys Capital, said M1 will be the highest throughput chain in the industry because it is leveraging MoveVM and Avalanche Consensus.

The post Movement Labs raises $3.4M to further develop smart contract language Move appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

SIRIN LABS Token (SRN) на Currencies.ru

$ 0.001184 (-0.04%)
Объем 24H $1.512k
Изменеия 24h: 6.74 %, 7d: 1.42 %
Cегодня L: $0.001184 - H: $0.001184
Капитализация $0 Rank 5028
Доступно / Всего 0 SRN

move movement language labs raises smart contract

Источник: cryptoslate.com

move movement → Результатов: 126


Binance receives unprecedented Bitcoin transfer as ‘whales’ influence sends market plunging

Quick Take Yesterday marked a significant movement in the Bitcoin market, recording a roughly 4% decline in value, as the price of Bitcoin plunged below the $26,000 mark. This move was coupled with the largest influx of Bitcoin to exchanges witnessed in 2023, with the majority of these inflows accredited to prominent holders, commonly referred […] The post Binance receives unprecedented Bitcoin transfer as ‘whales’ influence sends market plunging appeared first on CryptoSlate.

2023-9-1 14:00


Bitcoin Chicken Game: Why Losing This Level Could Send BTC Back To $20,000

The price of Bitcoin has stalled again around its current levels as an explosion in downside volatility broke critical support. The cryptocurrency is trapped between major players waiting and positioning for the next move; which side will prevail in this battle? Related Reading: Bitcoin On-Chain Data Suggests Price Is Top Heavy, What It Means As of this writing, Bitcoin trades at $26,000 with sideways movement in the last 24 hours.

2023-8-23 04:00


Bitcoin Bearish Signal: Supply Older Than 7 Years On The Move

On-chain data shows a large amount of Bitcoin supply dormant for more than 7 years ago has moved recently, a sign that may be bearish for the price. Bitcoin Supply Aged Between 7 And 10 Years Old Has Been Transferred Recently As pointed out by an analyst in a CryptoQuant post, the movement of such an old supply has generally led to a drop in the price of the cryptocurrency in the past.

2023-4-20 14:10


Bitcoin Bounces On Lower Than Expected CPI Data | BTCUSD November 10, 2022

Bitcoin has taken 10% back in a dramatic move following the announcement of October CPI data. CPI came in below expectations, causing a melt up in risk assets including cryptocurrencies. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): November 10, 2022 Before suggesting any type of bottom is in, more downside could still be ahead, with this recent movement being nothing more than a bearish retest.

2022-11-11 21:42


Фото:

Bitcoin Rockets Past $30,000 as Bulls Target Key Level; What Analysts are Saying

Bitcoin is in the process of rocketing up towards $32,000, with the cryptocurrency showing some immense signs of strength as bulls target it seeing further upside The overnight breakout rally that allowed it to see this explosive move higher came as a shock, with the resistance at $30,000 being sliced through with ease The strength of this movement does bode well for bulls, as it indicates that significantly further upside could be imminent in the […]

2021-1-4 22:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru