Movement Labs California
07.08.2025 - 18:06:23Movement Labs Announces The Battle of Olympus Hackathon to Accelerate Ecosystem Growth
About Movement Labs:
Movement Labs, founded in 2022 by Rushi Manche and Cooper Scanlon, is building a blockchain network that powers a secure, high-performance Layer 2 on Ethereum. By bringing the MoveVM to Ethereum through its flagship L2, Movement Labs aims to enhance smart contract security and scalability.
The company's $38 million Series A round in April 2024, led by Polychain Capital, supports this mission. Movement's "Integrated Approach" combines modular elements like shared sequencing, formal verification, alternative data availability, and Ethereum settlement to improve security and performance. The upcoming Move Stack execution layer framework will facilitate collaboration with other Ethereum players to scale smart contract execution.
About 280 Capital:
280 Capital is the Web3 venture arm of the Huang Liu and Chen Family Office, with $2.5 billion assets under management. The family has been in the Web3 space since 2014, and has built a crypto portfolio anchored by a large early accumulation of BTC. To learn more, visit https://www.280.xyz/
Media Contact:
Media@MovementLabs.xyz

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