Web3Port Foundation partners with Movement to launch $10 million Eco Fund

According to official news, the Web3Port Foundation announced a strategic partnership with Movement to jointly launch the $10 million Eco Fund, which will be used to invest in native Movement DeFi, consumer, and gaming applications. Specifically, the fund will prioritize use cases that can only be used in the Movement network, such as custom high-throughput chains, innovative DeFi revenue strategies, and full-chain computing.
Through this partnership, the two parties are poised to drive innovation and growth in several key areas: establishing a $10 million Eco Fund, strengthening early-stage projects, ecosystem co-building, accelerator collaboration, providing capital and market support, and participating in impactful and offline events.
According to the presentation, Movement is a community-first blockchain that provides high TPS, instant finality, native zero-day mass liquidity access, and modular customization through Move. It supports Aptos Move and MEVM, enabling EVM users to use L2.