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Movement Labs gets $160M commitment for blockchain mainnet
Movement Labs is the builder of a new blockchain network that takes advantage of the Move smart contract language.
Movement Labs, the builder of a new blockchain network that takes advantage of the Move smart contract language, has announced that six leading Web3 projects have deployed on its testnet with $160 million in total value locked (TVL) committed to its Mainnet. This approach allows developers to build with the security and speed of the Move language and the programmability of Ethereum, all while benefiting from Celestia’s cheap and high-throughput data availability layer. “The launch of our Public Testnet, coupled with these diverse and innovative partner deployments and the significant TVL commitment, marks a pivotal moment for Movement Labs,” said Manche.
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