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

Movement is the first integrated blockchain network designed for speed and security. By building the first MoveVM L2 on Ethereum, Movement is able to achieve parallelization and formal verification at the execution layer, effectively scaling applications. Application chains and protocols launched on Movement can benefit from unique high throughput and complete smart contract security, while remaining on Ethereum for optimal liquidity and security. “We are very happy to participate in the investment of Movement Labs. Movement is an EVM modular network based on the move language, which uses the move language to optimize the security and performance bottlenecks of solidity, combining the security and parallelism of smart contracts with the liquidity and user base of EVM 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 a modular framework of move language infrastructure, applications and blockchains in any environment, enabling the large-scale application and development of the move language.” said Dora, founder of OKX Ventures.