Movement Labs Raises $3.4m for Blockchain Network Using Move Language!

Creator: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

Sep 13, 2023 20:55

Blockchain infrastructure startup Motion Labs has raised $3.4 million in a pre-seed funding spherical to launch a community of blockchains based mostly on the Transfer sensible contract growth language, in line with a press release. Buyers within the spherical included Varys Capital, Blizzard Fund, Borderless Capital, and dao5. Motion Labs will use the funding to discover the adoption and growth of Transfer, which is designed to guard in opposition to assault vectors similar to reentrancy. The agency may even broaden its community to hyperlink up with Ethereum and Cosmos. Motion has constructed a framework that maintains high-throughput modular Transfer Digital Machines to spice up interoperability.