Movement Labs to close $100M VC round: Report
The deal would reportedly value the layer-2 developer at around $3 billion, Fortune reported.
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The deal would reportedly value the layer-2 developer at around $3 billion, Fortune reported.
While the hacked funds were fully recovered, the Thala token is still down roughly 35% since the incident occurred.
The fund will support protocols targeting the Move programming language and interoperability with the Ethereum ecosystem.
Apps will be able to settle directly on Movement’s L2 with fast finality ‘postconfirmations’ secured by stakers, the co-founder said.
Movement Labs joins Polygon’s AggLayer to boost blockchain interoperability and protect developers against 90% of auditor-prioritized attack vectors.
