According to official news, Movement Labs announced the launch of its accelerator "Move Collective", which aims to cultivate and support promising projects in the Movement ecosystem and provide comprehensive support for projects at different stages of development. Projects that have recently benefited from Move Collective include: Lync: $1.5 million in financing to build user-centric native mobile applications and games; HelixLabs: $2 million in financing for its innovative cross-chain interoperability solutions; Nexio: $2.2 million in financing for Bitcoin parallelized rollup; Echelo: $3.5 million in financing for their decentralized lending protocol; Meridian: $4 million in financing for its construction of a powerful and secure DeFi platform. Move Collective aims to transform innovative ideas into successful blockchain applications by providing collaborators with a range of benefits, including financing opportunities, expert guidance, strategic networks and necessary resources. Earlier news, Movement Labs and Web3Port Foundation jointly launched a $10 million ecological fund last month to invest in native Movement DeFi, consumer and gaming applications to support the development of the Movement ecosystem.