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Cryptocurrency News Articles
Movement Labs Deploys Developer Mainnet to Bring Facebook (META)'s Move Virtual Machine (MoveVM) to Ethereum
Jan 29, 2025 at 12:00 am
The developer mainnet's launch will begin the deployment of Movement's core infrastructure and allow selected partners to start implementing
Movement Labs, a blockchain firm, has deployed a developer mainnet to further its goal of bringing Facebook (META)'s Move Virtual Machine (MoveVM) to Ethereum.
The developer mainnet will begin the deployment of Movement's core infrastructure and allow selected partners to start implementing decentralized finance (DeFi) protocols, according to an emailed announcement on Tuesday.
The launch follows the initial mainnet launch of Movement in December and precedes the planned public mainnet beta release next month.
Move was created as part of Facebook's ill-fated digital currency project Diem, which was shelved at the start of 2022. The technology was used to create the Sui and Aptos layer-1 networks.
Movement Labs, armed with a $38 million Series A funding round led by Polychain Capital, is extending the programming language to an Ethereum layer 2 for the first time.
Coinciding with the public mainnet's deployment, Movement will also unveil a multi-asset liquidity program to provide the foundation for decentralized finance (DeFi) applications.
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