#Movement Labs Closes $100 Million Funding Round#
Hot Topic Overview
Overview
Movement Labs is nearing the completion of a $100 million Series B funding round, which is expected to value the company at $3 billion. The round is being co-led by CoinFund and Nova Fund (Brevan Howard's digital asset arm), with investors receiving equity in the company and its Move token. Movement Labs is focused on developing Ethereum Layer 2 blockchains, with its mainnet testnet and Move token launched in December 2024. Move currently has a market capitalization of approximately $2.25 billion. This funding will further propel Movement Labs' growth, enabling it to better leverage the Ethereum ecosystem and provide more support for its Move token.
Ace Hot Topic Analysis
Analysis
Movement Labs is nearing the completion of a $100 million Series B funding round, which is expected to value the company at $3 billion. The round is being co-led by CoinFund and Nova Fund (Brevan Howard's digital asset arm), with investors receiving shares in the company and its Move token. Movement Labs focuses on Ethereum Layer 2 blockchain development, with its mainnet testnet and Move token launched in December 2024. Move currently has a market capitalization of approximately $2.25 billion, nearly doubling since its launch. Movement is built on the Move programming language developed by Facebook, differentiating itself from independent public chains Aptos and Sui by adopting a Layer 2 structure and leveraging the Ethereum ecosystem. The funding round is expected to close by the end of January, further propelling Movement Labs' growth and solidifying its position as a key player in the Ethereum Layer 2 space.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Movement Labs is about to complete a $100 million Series B funding round, with a valuation of $3 billion, demonstrating the market's recognition of its Ethereum Layer 2 blockchain development.
This round of financing was led by CoinFund and Nova Fund, and investors will receive company shares and its token Move, indicating the market's confidence in the value and future development of the Move token.
Movement Labs is based on the Move programming language developed by Facebook, using a Layer 2 structure, taking full advantage of the Ethereum ecosystem, providing a solid foundation for its development.
Movement Labs' mainnet test version and Move token were launched in December 2024, and the Move token's market capitalization has nearly doubled, demonstrating its rapid growth and popularity in the market.