Movement Labs Raises $100 Million
in Series B
Funding
Movement Labs already received $100 million in its round Series B funding,
which will close sometime towards the end of January. The company s
total value should be around $3 billion by the time it wraps up.
The firm s MOVE token has seen chaotic price swings since it was
launched a month ago, but developers envision a promising future for it.
Movement Labs Succeeds at Fundraising
Movement Labs, a developer focusing on L2 Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum solutions , is bucking a
few broader fundraising trends. For the past few months, VC funding in the
crypto space has been declining. However, this latest funding reflects that
investors are still betting on the future of L2 solutions.
Sponsored
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Overall, Movement Labs has been successful in attracting notable investments
over the past months. The firm itself has also remained active on the
investment• Экономика » Финансы » Инвестиции scene, contributing funding to other prospectus• Экономика » Финансы » Инвестиции » Проспект ценных бумаг projects.
For example, after the firm s Series A seed round was complete, it made
substantial contributions to Borderless Capital s DePin Fund . In the
same month, Movement also made plans to target the South Korean mobile gaming
market .
Movement Labs Series B round began at an undisclosed time, but company
representatives claim it will end in late January. Donald Trump s
election has created a global crypto bull market , which was obviously a major
factor in this funding round, but the firm s recently launched MOVE
token was also quite important. Movement (MOVE) Price Performance. Source:
BeInCrypto
Since its launch in early December, MOVE has undergone chaotic price actions .
The asset s value climbed sharply a few days after its launch but has
since undergone wild swings in a very short time. Nonetheless, Movement Labs
claimed it will play a crucial in future development.
In a recent interview, cofounders Rushi Manche and Cooper Scanlon explained
their choice to use the Move programming language within Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum s
blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн infrastructure.
The pair alluded to other Move-based projects and their failure to gain broad
traction, which helped cause Aptos CEO Mo Shaikh to resign last month .
These lessons are informing future plans.
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