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<a href="https://bitcoinworld.co.in/cryptocurrency-exchange-binance-announced-its-latest-investment-in-movement-labs/" title="Cryptocurrency Exchange Binance Announced Its Latest Investment In Movement Labs" rel="noopener noreferrer nofollow"></a>
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 <li style="font-weight: 400"><a href="https://movementlabs.xyz" rel="noopener noreferrer nofollow">Movement Labs</a> is the latest company that the investment arm of the cryptocurrency exchange Binance has invested in although the amount was not shared.</li>
</ul>
Blockchain development firm Movement Labs has received an undisclosed investment from Binance Labs, the venture capital arm of Binance, the world’s largest cryptocurrency exchange.&nbsp;
This investment comes on the heels of Movement Labs’ $38 million Series A funding round led by Polychain Capital.
Movement Labs is on a mission to build an ecosystem of blockchains based on the modular programming language Move, starting with “M2”, a Move Virtual Machine Layer 2 for Ethereum.&nbsp;
The company plans to use the funds to expand into the Asia-Pacific region and encourage adoption of the Move programming language across broader blockchain ecosystems.
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“Binance Labs’ support and expertise will be invaluable as we continue to implement our ‘Move Anywhere’ strategy, focusing on the vibrant and innovative APAC market,” said Rushi Manche, co-founder of Movement Labs.
Movement’s Layer 2 blockchain aims to expand the use of the Move programming language beyond the well-known Aptos and Sui Layer 1 blockchains.&nbsp;
Move was originally developed by a team within Meta, formerly known as Facebook’s now-defunct Diem stablecoin project.
Additionally, Movement Labs is developing Move Stack, an execution layer framework compatible with rollups such as Optimism, Polygon, and Arbitrum.&nbsp;
The company will launch its public testnet Parthenon in the coming weeks and aims for a mainnet launch by the end of the year.
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The post <a href="https://bitcoinworld.co.in/cryptocurrency-exchange-binance-announced-its-latest-investment-in-movement-labs/" rel="noopener noreferrer nofollow">Cryptocurrency Exchange Binance Announced Its Latest Investment In Movement Labs</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Cryptocurrency Exchange Binance Announced Its Latest Investment In Movement Labs

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