Movement Mainnet Beta is now live

Movement announced the official launch of its public mainnet beta, marking an important step for Facebook's Movement Virtual Machine (MoveVM) towards deployment on Ethereum. The mainnet has raised over $233 million in BTC, ETH, and MOVE token liquidity through Movement's Cornucopia program, and will support smart contract deployment, allowing developers to build and use applications on the network for the first time.

The Move language was originally developed by Facebook and was used on Layer 1 networks such as Sui and Aptos. This time, Movement Labs has extended it to Ethereum Layer 2, providing new scalability and security solutions for smart contract development.