Movement Labs said it raised $3.4 million in pre-seed funding to boost the security and adoption of its Web3-based Smart Contract Language, Move.
According to a Sept. 13 statement shared with CryptoSlate, Move is a programming language with embedded safeguards that protects projects from common attack vectors like reentrancy that have cost the industry billions of dollars.
Movement Labs co-founder Rushi Manche described the Web3 programming language as blowing the roof off Web3 innovations because it solves many security and performance issues inherent in Web3 programming languages. He added:
“Benefits to Smart Contract developers include direct interaction with digital assets through custom resource types, flexibility with transaction script declaration, on-chain verification, and bytecode safety privileges.”
The funding round featured investors like Varys Capital, dao5, Blizzard, The Avalanche Fund, Colony, Interop Ventures, and Elixir Capital. The round also had angel investor
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