Binance Labs Invests in Movement Labs to Bring Smart Contract Security and Parallelization to Ethereum

About Movement Labs:

Co-founders, Rushi Manche and Cooper Scanlon, early builders in the Move ecosystem, founded Movement Labs in 2022 as the first integrated blockchain network, powering the fastest and most secure Layer Two on Ethereum. Designed to pair smart contract security and parallelization with EVM liquidity and user bases, Movement is bringing the MoveVM to Ethereum through its flagship L2 and connected rollups with the Move Stack. For more information about Movement Labs and a guide to participate in the devnet, please visit: movementlabs.xyz, follow on X @movementlabsxyz and on Discord.

About Binance Labs

As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $10 billion. Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.

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