CandleFocus

Movement: Multi-Chain Layer 2 Targets Korea

Author: Content Editor
Movement Labs, an emerging startup project that raised $38 million in Series A funding, has gained global attention for its Layer 2 blockchain called Movement. The founders, Rushi Manche and Cooper Scanlon, dropped out of Vanderbilt University in 2022 to pursue their fascination with blockchain technology. Movement is attracting market interest for several reasons, including its use of the Move programming language developed by Meta, its position within the Layer 2 sector, and its aim to be a multi-chain Layer 2. The team has achieved significant progress in technology development, recording a maximum of 12,000 transactions per second in recent tests. Movement plans to specialize in absorbing stablecoin demand and is interested in the gaming sector, particularly mobile gaming. The founders believe Movement has advantages over other Layer 2 solutions in terms of speed, performance, and responsiveness to hacking. They also address concerns about the sustainability of Layer 2 solutions and emphasize the importance of government support and clear regulations in the crypto industry. Movement has a strong interest in the Asian market and aims to build a global community. Korea, in particular, has shown potential for the Movement ecosystem, with Korean investors demonstrating interest in apps using the Move language. The team is actively collaborating with Korean game companies and exploring opportunities in the mobile app sector.

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