Movement Labs has secured $ 3.4 million in pre-seed funding from a distinguished consortium of industry leaders such as Borderless Capital and Interop Ventures. This funding will catalyze Movement Labs in its mission to advance Move on Avalanche, a smart contract development language that mitigates costly reentrancy vulnerabilities.
Additionally, Movement Labs is unveiling the Movement SDK, a modular framework engineered to facilitate the creation and deployment of vertical composability and horizontally scalable architecture-based DApps. At the heart of the Movement SDK lies M1, an adaptable and scalable blockchain solution emphasizing performance and accessibility.
M1 strongly emphasizes community involvement, transparent tokenomics, and minimal staking requirements to encourage decentralization. This approach enables developers and users to reap the benefits of alternative virtual machines without the complexities associated with extensive asset bridging, management of multiple wallets, or the need to leave their familiar networks.
