Movement Labs Raises $100 Million in Series B Funding
Movement Labs has received $100 million in Series B funding, which will close at the end of January. By the time it closes, the company should be worth about $3 billion in total.
The company’s MOVE token has seen wild price fluctuations since its launch a month ago, but developers are hopeful about its prospects.
Sports Lab successfully raises funds
exercise lab, Developer focused on L2 Ethereum solutionsis bucking some broader fundraising trends. Over the past few months, Venture Capital in Cryptocurrency It’s been going down. However, the latest financing reflects that investors are still betting on the future of L2 solutions.
Overall, Movement Labs has managed to attract significant investment over the past few months. The company itself also remains active in the investment arena, providing funding for other prospectus projects.
For example, after the company’s Series A seed round of financing was completed, it achieved Significant donation to Capital Without Borders’ DePin Fund. In the same month, the movement also developed plans Targeting the Korean mobile game market.
Movement Labs’ Series B Financing start The timing is undisclosed, but company representatives claim the campaign will end in late January. The election of Donald Trump created a Global Cryptocurrency Bull Marketwhich is obviously a major factor in this round of funding, but the company’s recently launched MOVE token is also quite important.
Since its launch in early December, MOVE has experienced confusing price action. asset value Surges sharply days after launch But it has experienced wild swings in a very short period of time since then. Nonetheless, Movement Labs claims it will play a vital role in future developments.
In a recent interview, co-founders Rushi Manche and Cooper Scanlon explained their choice to use the Move programming language in their Ethereum blockchain infrastructure.
The two mentioned other Move-based projects and their failure to gain widespread traction, which resulted in Aptos CEO Mo Shaikh resigned last month. These lessons inform future planning.
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