Movement is a modular framework based on the Move language developed by Movement Labs, designed to simplify the deployment of DApps and cross-chain integration, allowing non-Move protocols to leverage the advantages of the Move language without needing to write Move code.

🟡 Project Team

Movement is operated by Movement Labs located in San Francisco. The founders, Rushi Manche and Cooper Scanlon, dropped out of Vanderbilt University to start the company. Rushi Manche was a software engineer at Aptos and is also the founder of Ensemble; there is little personal information available about Cooper Scanlon on social media.

🟡 Financing History

1. Seed Round (September 13, 2023): Raised $3.4 million led by Borderless Capital, Blizzard Fund, dao5, and Varys Capital.

2. Series A (April 25, 2024): Led by Polychain Capital, raising $38 million, with participants including companies like Aptos (APT) and investment funds such as OKX Ventures and Bankless Ventures.

3. May 1, 2024: BN Labs (Binance Labs) announced an investment to help bring the Move language to Ethereum.

🟡 Technical Features

1. Interoperability: Connect MoveVM with the Ethereum ecosystem, supporting DApps running across multiple blockchains, breaking development limits.

2. Security: Employing formal verification to ensure that smart contracts execute as intended, reducing common vulnerabilities.

3. Speed and Fast Confirmation: A rapid confirmation system allows transactions to be confirmed within seconds, outperforming traditional systems.

🟡 Token Economics

1. Total Token Supply: 10 billion tokens, with 2.25 billion tokens in circulation, a circulation rate of 22.5%.

2. Token Distribution: 40% for the ecosystem and community, 17.5% for early contributors, 10% for the foundation, and 22.5% for early supporters.

🟡 Future Outlook

Movement Labs plans to expand its tech stack by adding Move VM support and Layer 2 solutions to enhance network performance and security, and to expand its project influence and market share through partnerships with major exchanges and investment institutions.