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OKX Ventures announces investment in Movement, the first L2 network of MoveVM

Movement became the first integrated blockchain network designed for speed and security. By building the first MoveVM L2 on Ethereum, Movement can achieve parallelism and formal verification at the execution layer, effectively expanding applications. Application chains and protocols launched on Movement can benefit from unique high throughput and complete smart contract security while maintaining liquidity and security on Ethereum. "We are pleased to participate in Movement Labs' investment. Movement is an EVM modular network based on the move language, using move language to optimize solidity security and performance bottlenecks, combining smart contract security and parallelism with EVM liquidity and user groups to create a faster, lower-cost, more flexible and compatible L2 network. The design of its M1 and M2 products enables developers to build and deploy move language infrastructure, applications, and modular frameworks for blockchain in any environment, empowering the large-scale application and development of move language." said Dora, founder of OKX Ventures.