According to the official announcement, Binance Labs announced its investment in the blockchain network Movement Labs. The specific amount has not yet been disclosed.
Movement Labs will support Sui Move, Aptos Move and the embedded EVM interpreter MEVM, making Sui, Aptos and EVM users Ability to use L2, bringing smart contract security and parallelism to Ethereum.
Movement’s Move-EVM allows developers using Move and Solidity to deploy formally verified code at runtime, effectively blocking the execution of common attack vectors such as reentrancy.
Yi He, Co-Founder of Binance and Head of Binance Labs, commented: “Movement’s technology and modular approach address the need for integrated blockchain networks, unlocking the potential for increased security and speed.
At Binance Labs, We are always looking for first movers to shape the industry, and we look forward to seeing how Movement continues to evolve.”
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