Movement Network Launches Developer Mainnet to Power DeFi and Gaming

ChainPlay

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12 hours ago

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Official Deployment of Movement Developer Mainnet

The Movement Network Foundation has officially launched the Movement Developer Mainnet. Its blockchain infrastructure is strengthened in this step, which also gets it ready for the public mainnet beta in mid-February 2025. Particularly in the fields of gaming and decentralized finance (DeFi), the mainnet facilitates decentralized apps (dApps). The launch, which comes after the first mainnet release in December 2024, intends to increase Movement Network's functionality to cater to a larger developer and user community. With this deployment, the foundation lays the groundwork for a more advanced and secure decentralized ecosystem.

About MoveVM

MoveVM is at the core of the Movement blockchain. It is a blockchain virtual machine designed to work with the Move programming language. Move follows a resource-oriented model, treating digital assets as unique entities. This approach ensures higher transactional integrity and prevents duplication. The Movement Network Foundation sees MoveVM as a shift toward more secure and efficient blockchain systems, making it a strong choice for developers building scalable applications. MoveVM is also designed for high performance, with optimized execution speeds that enhance the efficiency of smart contracts and on-chain transactions.

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Developed by Movement Labs, the Movement Network delivers high transaction speeds with low fees. It supports multiple blockchain technologies, including Aptos Move, Sui Move, and an embedded Ethereum Virtual Machine (EVM) interpreter called MEVM. This compatibility allows Ethereum-based applications to integrate easily. Movement Network provides a secure and scalable platform, with a focus on supporting web3 gaming. The platform enables seamless interaction between different blockchain ecosystems, making it easier for developers to transition between networks while maintaining performance and security.

Cornucopia: A Multi-Asset Liquidity Campaign

To strengthen its DeFi ecosystem, the Movement Network Foundation has introduced Cornucopia. This multi-asset liquidity program was developed with Concrete XYZ and Veda Labs. It aims to boost liquidity and market efficiency for DeFi applications. Cornucopia includes multiple vaults featuring Bitcoin (BTC), Ethereum (ETH), and Movement’s native token, $MOVE. A key feature is the $100 million Ethena stable vault, which reflects strong institutional support for Movement’s DeFi ecosystem. The program is designed to create a stable and liquid market that supports various financial activities, including lending, staking, and yield farming.

Source: X

Movement Labs is actively developing blockchain gaming. Its blockchain is built for transaction-intensive games, offering low fees, fast finality, and scalability. Several games, such as Seekers Alliance, Playside, and Cryptara Conquest, are already in development on the platform. Movement’s high throughput and low latency ensure a smooth gaming experience. Recently, Movement Labs secured $38 million in funding, further supporting its blockchain gaming efforts. Movement places a lot of emphasis on the gaming sector since blockchain-based games need infrastructure that can manage large transaction volumes while preserving fluid gameplay. By combining in-game items with digital ownership via NFTs, developers may use Movement's ecosystem to produce original gaming experiences.

The Movement Network Foundation continues to enhance its blockchain infrastructure. The public mainnet beta, set for mid-February 2025, will introduce new features and improvements. Future plans include expanding the ecosystem by encouraging developers to use MoveVM and strengthening the DeFi space through Cornucopia. With an emphasis on gaming and finance, the objective is still to create a safe, effective, and scalable environment for decentralized applications. In order to better incorporate its technology into a variety of businesses, Movement Labs is also looking into partnering with other blockchain companies.  With ongoing research and development, Movement Network aims to push the boundaries of decentralized applications, setting new standards for blockchain efficiency and usability.