Movement Labs is a San Francisco-based blockchain development team that combines modular elements to create a more secure and performant Ethereum ecosystem. The company is building Movement Zero-Knowledge Layer 2, a parallelized execution environment that targets 30,000+ transactions per second while using Ethereum for settlement. Movement’s Move-EVM uses a fully EVM-compatible bytecode interpreter to enable Move and Solidity developers to deploy code that is fully verified at runtime, preventing attack vectors like reentrancy. The team calls this an "Integrated Approach," combining shared sequencing, embedded formal verification provers, alternative data availability, and Ethereum settlement to enhance security and performance. Movement Labs will also introduce Move Stack, an execution layer framework compatible with rollup frameworks from Optimism, Polygon, and Arbitrum. The company raised $38M in Series A funding to bring Facebook’s Move Virtual Machine to Ethereum and further develop its stack. Movement Labs develops tooling and infrastructure around the Move smart contract language, including the Movement SDK that aims to deliver secure, high-performance Move environments to existing blockchain networks. Its first major SDK tool, M1, is a modular, horizontally scalable, and vertically composable blockchain that bootstraps ecosystem, liquidity, validator set, and EVM tooling by living within the Avalanche consensus. M1 is built on the Avalanche Subnet stack and is described as community-first, with transparent tokenomics and low staking requirements to encourage decentralization. The company emphasizes native protections in Move against common attack vectors like reentrancy and seeks to let developers use alternative virtual machines without extensive bridging or multiple wallets. Movement Labs plans to grow adoption and development of Move through its SDK and blockchain offerings. The company recently raised funding to support these product and adoption efforts.

Total raised

$41M

Funding rounds

2

Latest round

Series A

Latest activity

Apr 2024