Movement Labs raises $3.4 million in pre-seed fund to launch SDK
Movement Labs has raised $3.4 million to launch a software development kit (SDK) for advancing web3 interoperability via their Movement framework used for building and deploying blockchains. Movement Labs’ pre-seed fund Funds were raised to promote the adoption of Move, a smart contract development language that includes built-in safeguards to protect projects from vector attacks. Participants included Varys Capital, the Avalanche fund by Blizzard, dao5, Borderless Capital, Colony, Elixir Capital, BENQI, and other key contributors within the Wormhole developer ecosystem. You might also like: Top financial institutions adopt Avalanche’s Evergreen Subnet Angel investors who took part include Chandler Song, Ryan Fang, and Stanley Wu from Ankr, George Lampeth from dao5, Calvin Liu from Eigenlayer, Smokey the Bera from Berachain, and Anurag Arjun from Avail. Commenting, William Patterson, head of venture at Varys Capital, said: “By harnessing MoveVM and Avalan...