Move Industries Initiates a New Chapter for Movement Ecosystem

Move Industries Initiates a New Era for the Movement Ecosystem

On May 7, 2025, Movement Labs, recognized as a key player within the broader blockchain sector, unveiled the establishment of Move Industries. This new venture, formed by two dedicated Movement employees, marks a significant shift aimed at streamlining operations and enhancing focus on core technologies. The transition is expected to position Movement more prominently within the competitive blockchain space by simplifying its structure and strengthening its leadership.

The newly appointed CEO, Torab Torabi, a founding member of Move Industries, will lead the initiative. Joining him is Will Gaines, who takes on the dual roles of President and Chief Marketing Officer. The engineering team continues to be overseen by Young Yang Liauw, who brings valuable blockchain engineering experience from organizations such as Aptos, Novi, and Meta, notably contributing to the Libra project.

Move Industries is committed to preserving Movement's reputation as a pioneering force in the Move-based blockchain ecosystem. To achieve this, the company has established three main pillars: Community/Brand, Engineering/Product, and Ecosystem/Business Development. These foundations are designed to promote stronger accountability measures, thereby ensuring the long-term success and growth of the Movement ecosystem.

In Torabi's words, "Today marks the beginning of an exciting new chapter for the Movement. Our core commitment revolves around fostering relationships with ecosystem builders and maintaining community engagement. We will continue to focus on improving chain performance, driving economic activity on-chain, and supporting innovative projects within the Movement Network. Our vision is clear, and we are dedicated to bringing it to fruition."

Along with the formation of Move Industries, the company has undergone leadership changes. Co-Founder Rushi Manche will no longer be part of the organization, and Cooper Scanlon, another Co-Founder, will transition leadership to Torabi. Scanlon expressed his pride in the achievements made during his tenure and emphasized his unwavering support for Torabi and the team as they navigate this new chapter.

"It has been an incredible journey bringing the Movement vision to life, and I am immensely proud of what we've built together," Scanlon shared. "Torab's contributions have been invaluable since the very beginning, and I have the utmost confidence in his leadership abilities."

Moving forward, Move Industries pledges to implement improved governance practices, including greater board oversight and a commitment to transparency in decision-making processes. Gaines articulated this intention, stating, "The Movement community has stood with us through both triumph and challenge. With the inception of Move Industries, we're reinstating principles of self-sovereignty, creativity, and systems that serve the people. Our focus is on building exceptional infrastructure, fostering remarkable businesses, and nurturing a transformative movement."

The establishment of Move Industries reveals a deliberate effort to return to the foundational concepts of cryptocurrency—empowering individuals and reinvigorating the sense of community within the blockchain landscape. Led by a group of seasoned industry veterans, Move Industries aims to deliver groundbreaking advancements that resonate with the ethos of decentralized financial ecosystems. As it embarks on this journey, its emphasis on community and technological development is poised to facilitate the transition towards a more democratic and equitable financial structure for everyone involved.

In conclusion, the launch of Move Industries represents a pivotal moment for the Movement ecosystem. With enhanced governance, a clear vision, and a commitment to its community, Move Industries is ready to lead the way in shaping the next generation of blockchain innovation. Expect to see significant developments as they continue to build upon the solid foundations laid by Movement Labs.