Binance Labs Invests in Movement Labs, Boosts APAC Blockchain with Zero-Knowledge Rollup

May 2, 2024, 04:14 AM

Binance Labs has recently invested in Movement Labs, a pioneering blockchain company that aims to extend the capabilities of Facebook's Move programming language to Ethereum and other platforms. Movement Labs is recognized as the first integrated blockchain network, utilizing zero-knowledge rollup technology for enhanced smart contract security and parallelization. This strategic investment is part of a broader initiative to bolster the Movement ecosystem, particularly across the Asia-Pacific (APAC) region, by building strong relationships with developers and communities. Movement Labs supports various blockchain networks, including Sui Network Move, Aptos Move, and features an embedded Ethereum Virtual Machine (EVM) interpreter.