Movement Labsa network focused on open source tools for the Move smart contract language, today announced the launch of its elite accelerator program, Move Collective. This innovative program is designed to incubate the most promising projects in the Movement ecosystem and and offers comprehensive support for projects at various stages of development.
As a testament to the program’s early success, Movement Labs also announced that five of its key partners supported through the Move Collective program have raised a combined $13.2 million in seed funding.
The Move Collective aims to transform ambitious ideas into successful blockchain applications by offering participants a range of benefits including funding opportunities, expert mentorship, strategic networking and key resources.
“The Move Collective represents our commitment to driving innovation within the Movement ecosystem,” said Rushi Manche, co-founder of Movement Labs. “We enable developers to build innovative blockchain applications that enhance scalability, security and ease of use in the Improve the crypto industry.”
The program’s success is reflected in recent funding from key partners:
- Lync: $1.5 million for their consumer-centric rollup
- HelixLabs: $2 million for their innovative cross-chain interoperability solution
- Nexio: $2.2 million for their parallelized Bitcoin rollup
- Echelon: $3.5 million for their decentralized lending protocol
- Meridian: $4 million for their advanced DeFi platform
These partners leveraged the Move Collective’s resources and support to connect with investors and secure their pre-seed funding, underscoring the program’s effectiveness in accelerating project development and financing efforts.
In addition to these individual project donations, the Web3Port Foundationa key ecosystem partner, raised $10 million for their Movement Ecosystem Fund. This fund will focus on investing in native DeFi, consumer and gaming applications within the Movement Network. The Web3Port Foundation initiative demonstrates the growing interest in supporting a wide range of innovative projects in the movement’s ecosystem, complementing direct investments in individual start-ups.
“The significant pre-seed funding our partners have received alongside the Web3Port Foundation Ecosystem Fund is a strong testament to the Move Collective program,” said Cooper Scanlon, co-founder of Movement Labs. “It shows that both “VCs and ecosystem developers alike recognize the immense potential of Move-based L2 solutions and the innovative applications being developed on our network.”
The Move Collective offers a number of benefits including:
- Move-Mentor-Ship: Direct support from the Movement Labs leadership team
- MoveOn-Site Adventures: Opportunities for face-to-face meetings and participation in global events
- MovEngage: Community engagement through Discord AMAs and Twitter Spaces
- Collective Collaboration: Networking with other innovative teams in the ecosystem
- Market Moves: Co-marketing opportunities with the Movement Foundation and partners
As Movement Labs continues to expand its ecosystem and attract developers to its Move Virtual Machine for Ethereum, the Move Collective program will play a critical role in driving the next generation of blockchain innovation.
For more information about the Move Collective and Movement Labs, visit https://movementlabs.xyz/move-collective/ and https://movementlabs.xyzfollow @movementlabsxyz on X and step Movement Labs’ Discord at.
About Movement Labs Movement Labs is the innovative force behind the Movement Network, an ecosystem of modular Move-based blockchains that enables developers to build secure, high-performance and interoperable blockchain applications, bridging the gap between Move and EVM ecosystems. The organization is developing the first Move virtual machine L2 for Ethereum, as well as open source tools and protocols to facilitate the adoption of the Move programming language across all blockchain ecosystems. With Movement, developers can easily launch high-performance Move VM rollups. Backed by $38M in Series A led by Polychain Capital and with participation from Binance Labs, Hack VC, Placeholder, OKX Ventures and Archetype, Movement Labs aims to revolutionize blockchain interoperability and Move-based technologies in the Web3 area. Find out more about the Battle of Olympus Developer Hackathon and follow the exciting news from the team X and up Discord.
Information about Nexio: Nexio revolutionizes Bitcoin scalability through a parallelized Bitcoin rollup. The team provides a range of products and services that help developers harness the power of Bitcoin for complex DeFi applications, gaming platforms, NFT marketplaces and infrastructure projects without compromising security or efficiency. Nexio technology supports more than 30,000 transactions per second with extremely low gas fees, making it ideal for high-frequency applications. Led by co-founders with years of experience in developing Bitcoin zkVM rollups, Nexio is setting new standards in blockchain technology. For more information, follow Nexio on X @buildnexio and up Discord.
Information about LYNC: LYNC L2 is the first consumer-facing chain to power the MOVE stack, enabling mass adoption use cases, as well as a native tooling stack that enables developers to build on-chain products in 90% less time and cost, powered by Movement Labs.
Information about Echelon Echelon is a highly efficient, moving money market that facilitates asset borrowing and lending across non-custodial pools, allowing users to earn interest and increase purchasing power through leverage. Positions are over-collateralized to protect lenders and eMode provides the highest capital efficiency for borrowers. The protocol includes isolated pools for long-tail investments and one-click strategies for leveraged staking and RWA-backed vaults such as Leveraged Treasuries.
Information about Meridian Meridian is a decentralized liquidity marketplace and liquid staking protocol built natively on Movement Labs, allowing users to seamlessly trade and earn on their assets.
About Helix Labs Helix Labs is a groundbreaking protocol that maximizes return opportunities for non-ETH L1 asset holders through rerolling and supports an OmniVM rollup future through liquidity abstraction. By improving token utility, expanding EigenFi capacity, and providing liquidity as a service, Helix Labs is paving the way for a more robust and connected blockchain ecosystem.
Information about the Web3Port Foundation Die Web3Port Foundation is an international, multi-stage technology investment platform. The Web3Port Foundation is divided into a $100 million primary fund and a $1 billion secondary fund that support and amplify leading blockchain-based solutions to build companies that truly differentiate themselves across all markets.
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