OKX Ventures Announces Investment in First MoveVM L2 Network Movement

Movement is the first integrated blockchain network designed for speed and security. By building the first MoveVM L2 on Ethereum, Movement enables parallelization and formal verification at the execution layer, effectively scaling applications. Application chains and protocols launched on Movement benefit from unique high throughput and complete smart contract security, while remaining on Ethereum for optimal liquidity and security.
"We are excited to be part of Movement Labs' investment. Movement is an EVM modular network based on the move language that leverages the move language to optimize solidity's security and performance bottlenecks, combining the security and parallelism of smart contracts with the liquidity and user base of EVM to create a faster, lower cost, more flexible and compatible L2 network. Its M1 and M2 products are designed to enable developers to build and deploy the move language's infrastructure, applications, and blockchain modular framework in any environment, empowering move language adoption and development at scale." Dora, founder of OKX Ventures, said.