Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin’s rally in danger? These signals for the possible correction of BTC

2025-05-20

Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

2025-05-20

Ethereum’s latest movements: profitable versus accumulation

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Adventure Layer is launched as First Gaming L2 on Berachain

    2025-05-20

    Arbitrum affects $ 1.5 billion volume milestone on Uniswap V4

    2025-05-20

    BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

    2025-05-20

    Basic, BNB chain, Ethereum and others

    2025-05-20

    What are tokenized real-world assets? Put physical value on the chain with RWAS

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

    2025-05-20

    XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

    2025-05-20

    Milei closes Libra Task Force and investigates ties with its administration

    2025-05-20

    Ethereum -price flashes bullish signal, but can it flow through obstacles?

    2025-05-20

    XRP Price Eyes Winins, but technically suggests that upsides can be limited

    2025-05-20
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»Multi-Chain Layer 2 focuses on Korea
Blockchain

Multi-Chain Layer 2 focuses on Korea

2024-09-16No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Movement Labs is a startup project that raised $38 million in Series A funding earlier this year, and the Layer 2 blockchain called Movement has recently gained global attention.

The two founders, Rushi Manche and Cooper Scanlon, were students at Vanderbilt University. They first met in college, where they recognized each other’s fascination with blockchain technology and quickly bonded, dreaming of building a business together, which led to them dropping out of college and founding the company in 2022 .

Although the mainnet has not yet launched, Movement is attracting market interest for three main reasons:

First, they use Move, a programming language developed by Meta (formerly Facebook) when they were still in the blockchain business. Meta exited its blockchain business due to regulatory issues, and former employees from related departments created Aptos and Sui.

Movement Labs co-founder Rushi Manche during Korea Blockchain Week. Source: Korea Blockchain Week

The second reason is that they belong to the ‘Layer 2’ sector, which was very popular in the crypto industry from last year to early this year. Layer 2 is widely used to maintain the security of Ethereum while reducing transaction costs. It has advantages in attracting initial users or selling tokens due to high investor interest.

The final reason is that they aim to be a “multi-chain” Layer 2 that can transfer assets across multiple blockchains. The Ethereum Layer 2 market is already quite saturated, but there has been no significant success story for a multi-chain project, which is a relatively unexplored area in the market.

The team has already made significant progress in technological development. They launched a public testnet at the end of July and in recent tests recorded up to 12,000 transactions per second. Currently, the Tier 2 with the highest TPS on Ethereum is Polygon with around 190 TPS.

See also  Fognet and Depintech reveal a future driven by the user for simple web3 communication

Both founders recently sat down with BeInCrypto in an interview and said that several financial institutions have shown interest in their project.

Q. What area will Movement specialize in as Tier 2?

We plan to focus on absorbing the demand for stablecoins. It is an area of ​​high market demand, and if transactions can be done much faster using Layer 2, we believe there will be more users. We are also very interested in the gaming sector. In particular, we want to try to introduce users to gaming on mobile devices.

Q. What advantages does Movement have over other Layer 2 systems?

It is fast, delivers overwhelming performance, and responds efficiently to hacking.

Q. Many Ethereum Layer 2 systems have been introduced, but they often fail to sustain impressive results after the initial hype. How does the Movement intend to tackle this problem?

That’s right. The Layer 2s that have appeared so far have not significantly improved Ethereum’s user experience. Speed ​​and transaction processing volume are basic requirements, but they were not supported and did not significantly increase usage. We think we will get different results because we have solved these problems.

Q. The US presidential election has sparked a debate over policy for the blockchain/crypto industry. As Meta’s example showed, regulation has a lot to do with the crypto industry.

Of the discussions around the world about crypto, policy is the most important. In the US, government support has a huge impact on project growth. It is important to have clear rules as they determine the direction of token launches and project foundations. It is also necessary for the government to provide a single set of guidelines in case any disputes arise between stakeholders while using the app.

The co-founders of Movement Labs sat down with BeInCrypto for an interview

Q. It seems that you are showing a lot of interest in the Asian market. Tell us about the direction of your global operations.

See also  Movement Laboratories reveals developer MAINNET prior to the public launch of February

We are very community-oriented, with more than twenty developer communities around the world, including in Asia such as Vietnam and Thailand. We also want to activate them in other countries.

We focus on emerging markets because they have a high growth rate. We want to give users from different chains the opportunity to cross over to emerging markets. Our vision is to have a global community, where experts learn new languages ​​and bring in users from all over the world.”

Q. Movement Labs is the official conference partner of this year’s Korea Blockchain Week. This was not the case for conferences elsewhere in Asia around the same time. Are you particularly interested in Korea?

Looking at the success of Aptos (APT) and Sui (SUI), Korea appears to be a country where the Movement’s ecosystem can well establish itself. The consumer ecosystem appears to be a force. Most Move projects have done well in Korea so far. That is why we have become an official partner of KBW this time. Korean investors seem to be very interested in apps that use the Move language.

We are actively working with Korean game companies, we are discussing with one or two teams and we are talking with one company about mobile apps. When it comes to mobile apps, we are very interested in how we can implement an environment where Gen Z can be on board.

Source link

Focuses Korea Layer multichain
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Adventure Layer is launched as First Gaming L2 on Berachain

2025-05-20

Arbitrum affects $ 1.5 billion volume milestone on Uniswap V4

2025-05-20

BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

2025-05-20

Basic, BNB chain, Ethereum and others

2025-05-20
Add A Comment

Comments are closed.

Top Posts

New York removes Dogecoin, XRP, Litecoin, Chainlink and other crypto assets from ‘green list coins’

2023-09-21

dogwifhat rises by 20% in 24 hours – Can the memecoin sustain its rise?

2024-11-06

Buying 360 Million XRP Boosts Whale Activity – Enough for a Rise to $3?

2025-01-03
Editors Picks

Florida leaves Bitcoin Reserve Race – this is what it means for the state -guided crypto -adoption

2025-05-06

Trump rates can reduce the prices of Bitcoin Miner abroad, warns Mining Exec

2025-04-09

Metaplanet buys $ 43.9 million Bitcoin – is the lead of the rival strategy?

2025-03-06

Hedge Fund predicts Stacks (STX) as the best Altcoin in the medium term

2023-12-05
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin’s rally in danger? These signals for the possible correction of BTC

Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

Ethereum’s latest movements: profitable versus accumulation

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$107,534.791.27%
  • ethereumEthereum(ETH)$2,554.79-0.70%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.37-0.60%
  • binancecoinBNB(BNB)$661.581.62%
  • solanaSolana(SOL)$170.550.22%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2309871.68%
  • cardanoCardano(ADA)$0.761.82%
  • tronTRON(TRX)$0.2698360.19%
  • suiSui(SUI)$3.890.08%
  • chainlinkChainlink(LINK)$15.92-1.73%
  • avalanche-2Avalanche(AVAX)$22.680.59%
  • stellarStellar(XLM)$0.2896741.08%
  • hyperliquidHyperliquid(HYPE)$26.50-0.40%
  • shiba-inuShiba Inu(SHIB)$0.0000150.31%
  • hedera-hashgraphHedera(HBAR)$0.195592-0.37%
  • unus-sed-leoUNUS SED LEO(LEO)$8.831.35%
  • bitcoin-cashBitcoin Cash(BCH)$396.810.33%
  • the-open-networkToncoin(TON)$3.091.32%
  • polkadotPolkadot(DOT)$4.731.49%
  • litecoinLitecoin(LTC)$95.24-2.57%
  • moneroMonero(XMR)$359.613.41%
  • bitget-tokenBitget Token(BGB)$5.19-0.44%
  • piPi(PI)$0.8211.50%
  • pepePepe(PEPE)$0.0000141.53%
  • daiDai(DAI)$1.00-0.03%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • uniswapUniswap(UNI)$6.335.20%
  • aaveAave(AAVE)$257.60-4.16%
  • bittensorBittensor(TAO)$421.741.40%
  • nearNEAR Protocol(NEAR)$2.83-0.57%
  • aptosAptos(APT)$5.21-0.17%
  • okbOKB(OKB)$52.470.04%
  • ondo-financeOndo(ONDO)$0.950.45%
  • kaspaKaspa(KAS)$0.1115401.45%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.5912.98%
  • internet-computerInternet Computer(ICP)$5.330.52%
  • ethereum-classicEthereum Classic(ETC)$18.60-0.60%
  • gatechain-tokenGateToken(GT)$21.61-0.23%
  • crypto-com-chainCronos(CRO)$0.0972510.06%
  • mantleMantle(MNT)$0.751.25%
  • vechainVeChain(VET)$0.0287120.80%
  • render-tokenRender(RENDER)$4.710.30%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232208-1.28%
  • ethenaEthena(ENA)$0.3876850.88%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • algorandAlgorand(ALGO)$0.2257080.18%
  • arbitrumArbitrum(ARB)$0.3990320.04%
  • cosmosCosmos(ATOM)$4.962.61%
  • bitcoinBitcoin(BTC)$107,534.791.27%
  • ethereumEthereum(ETH)$2,554.79-0.70%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.37-0.60%
  • binancecoinBNB(BNB)$661.581.62%
  • solanaSolana(SOL)$170.550.22%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2309871.68%
  • cardanoCardano(ADA)$0.761.82%
  • tronTRON(TRX)$0.2698360.19%
  • suiSui(SUI)$3.890.08%
  • chainlinkChainlink(LINK)$15.92-1.73%
  • avalanche-2Avalanche(AVAX)$22.680.59%
  • stellarStellar(XLM)$0.2896741.08%
  • hyperliquidHyperliquid(HYPE)$26.50-0.40%
  • shiba-inuShiba Inu(SHIB)$0.0000150.31%
  • hedera-hashgraphHedera(HBAR)$0.195592-0.37%
  • unus-sed-leoUNUS SED LEO(LEO)$8.831.35%
  • bitcoin-cashBitcoin Cash(BCH)$396.810.33%
  • the-open-networkToncoin(TON)$3.091.32%
  • polkadotPolkadot(DOT)$4.731.49%
  • litecoinLitecoin(LTC)$95.24-2.57%
  • moneroMonero(XMR)$359.613.41%
  • bitget-tokenBitget Token(BGB)$5.19-0.44%
  • piPi(PI)$0.8211.50%
  • pepePepe(PEPE)$0.0000141.53%
  • daiDai(DAI)$1.00-0.03%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • uniswapUniswap(UNI)$6.335.20%
  • aaveAave(AAVE)$257.60-4.16%
  • bittensorBittensor(TAO)$421.741.40%
  • nearNEAR Protocol(NEAR)$2.83-0.57%
  • aptosAptos(APT)$5.21-0.17%
  • okbOKB(OKB)$52.470.04%
  • ondo-financeOndo(ONDO)$0.950.45%
  • kaspaKaspa(KAS)$0.1115401.45%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.5912.98%
  • internet-computerInternet Computer(ICP)$5.330.52%
  • ethereum-classicEthereum Classic(ETC)$18.60-0.60%
  • gatechain-tokenGateToken(GT)$21.61-0.23%
  • crypto-com-chainCronos(CRO)$0.0972510.06%
  • mantleMantle(MNT)$0.751.25%
  • vechainVeChain(VET)$0.0287120.80%
  • render-tokenRender(RENDER)$4.710.30%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232208-1.28%
  • ethenaEthena(ENA)$0.3876850.88%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • algorandAlgorand(ALGO)$0.2257080.18%
  • arbitrumArbitrum(ARB)$0.3990320.04%
  • cosmosCosmos(ATOM)$4.962.61%