Web3Port Foundation Announces Strategic Partnership with Movement
Web3Port Foundation is excited to announce a strategic partnership with Movement, Movement is a community-first blockchain providing high TPS through Move, instant finality, native day-zero access to mass liquidity, and modular customizations. It supports Aptos Move and an embedded EVM interpreter (MEVM), enabling EVM users to utilize the L2.
Web3Port Foundation and Movement is establishing a 10M Eco Fund, the 10M Web3Port Ecosystem Fund will be used to invest in native Movement DeFi, Consumer, and Gaming Applications. Specifically, the fund will be prioritizing use cases that are only possible within the Movement Network such as custom high-throughput chains, novel defi yield strategies, and fully on-chain compute.
Movement Labs pioneers the “Integrated Execution” approach, seamlessly combining modular components into a single, high-performance blockchain. The Move programming language simplifies the development of safe smart contracts for common blockchain tasks such as transferring ownership of assets, minting, and destroying.
Its strong ownership model and explicit resource abilities enhance security. Movement Labs fosters collaboration and works with leading Ethereum scaling solutions to establish a unified framework benefiting all networks.
Move’s design emphasizes ownership and safety, representing assets as resources. This approach, combined with the Move-EVM bytecode interpreter, sets a new standard for smart contract safety. Movement’s architecture brings significant scalability to the ecosystem, aiming for high transaction throughput while maintaining compatibility with various Move implementations and EVM.
By leveraging the strategic partnership between Web3Port Foundation and Movement, we are poised to drive innovation and growth across several critical areas: Establishing a 10M Eco Funds, strengthening early-stage projects, ecosystem co-building, accelerator collaboration, providing capital and market support, and engaging in impactful campaigns and offline activities. This partnership sets a new benchmark for performance, fostering a more interconnected and dynamic Web3 landscape where groundbreaking ideas can seamlessly transform into reality.
About Movement
Movement Labs is the innovative force behind a network of next-gen, Move-based blockchains, with their flagship product being the Movement Network. This community-first blockchain leverages Move technology to deliver high transaction processing speed, instant finality, and native day-zero access to mass liquidity. Movement offers modular customizations to meet diverse needs and supports both Aptos Move and an embedded EVM interpreter (MEVM). This dual support enables Ethereum Virtual Machine users to seamlessly utilize the Layer 2 ecosystem, making Movement a versatile and powerful solution in the blockchain space.
About Web3Port Foundation
Web3Port Foundation is an international multi-stage technology investment platform. The Web3Port foundation is divided into a primary fund of $100 million and a secondary fund of $1 billion that backs and amplifies leading blockchain-enabled solutions to build businesses that are truly differentiated across all markets.
