Movement Network Foundation Launches First Movement ETF Amid Public Mainnet Beta Launch
The Movement Network Foundation has recently made headlines by announcing the submission of an application for the first-ever Movement ETF by REX-Osprey. This significant move is positioned to provide U.S. investors with exposure to the burgeoning Movement ecosystem.
Set against the backdrop of an exciting technological launch, the public Mainnet Beta of Movement is now live, featuring a remarkable Total Value Locked (TVL) of $250 million at its inception, as part of the Foundation's Cornucopia program. Rushi Manche, co-founder of Movement Labs, articulated the importance of this application, calling it a historic milestone not only for Movement but for the entire Move landscape. He noted that stepping away from a model dominated by ETFs tied solely to established cryptocurrencies unlocks opportunities for institutional capital to support the next wave of blockchain innovation.
According to Cooper Scanlon, another co-founder of Movement Labs, traditional investors are eager for regulated access to emerging blockchain technologies while avoiding the complexities associated with directly managing tokens. The ETF epitomizes a convergence of innovative financial products with cutting-edge blockchain architectures, allowing a broader audience to engage with the potential of the Movement ecosystem.
Currently utilizing the Move programming language—firstdeveloped by Meta—Movement developers are able to create more efficient and secure smart contracts. If the ETF receives regulatory approval, it will enable investors to gain access through conventional brokerage accounts and retirement funds without the burden of handling tokens directly.
As for the Public Mainnet Beta, it has launched with substantial liquidity, providing immediate utility to the network. This new infrastructure supports the deployment of smart contracts without requiring permission, fully engaging users while calculating transactions in Ethereum.
The Public Mainnet Beta grants users and builders all the advantages that Move and MoveVM offer. It enables streamlined access through the canonical Movement bridge powered by LayerZero, effectively driving an inclusive ecosystem.
For those interested in exploring more about the Movement Public Mainnet Beta, additional details can be found at movementnetwork.xyz or by following their social media handles on Twitter @movementlabsxyz, @movementfdn, @moveecosystem, and @Move_Collective.
The Movement Network Foundation remains at the forefront of the Movement ecosystem, committed to fostering innovation and accelerating the adoption of MoveVM technology. The Foundation oversees the development of the Movement Network, a next-generation solution built with MoveVM and operating within the Ethereum framework. Through programs like MoveDrop and other ecosystem initiatives, it supports developers, projects, and contributors who are building decentralized applications, reinforcing the ethos of a collaborative and dynamic blockchain community.
In conclusion, the Movement ETF application and the rollout of the Public Mainnet Beta mark pivotal moments for both the Movement Network and its stakeholders. If successful, both initiatives could pave the way for innovative approaches to cryptocurrency and blockchain investment, while engaging a larger audience in the decentralized finance space.
Set against the backdrop of an exciting technological launch, the public Mainnet Beta of Movement is now live, featuring a remarkable Total Value Locked (TVL) of $250 million at its inception, as part of the Foundation's Cornucopia program. Rushi Manche, co-founder of Movement Labs, articulated the importance of this application, calling it a historic milestone not only for Movement but for the entire Move landscape. He noted that stepping away from a model dominated by ETFs tied solely to established cryptocurrencies unlocks opportunities for institutional capital to support the next wave of blockchain innovation.
According to Cooper Scanlon, another co-founder of Movement Labs, traditional investors are eager for regulated access to emerging blockchain technologies while avoiding the complexities associated with directly managing tokens. The ETF epitomizes a convergence of innovative financial products with cutting-edge blockchain architectures, allowing a broader audience to engage with the potential of the Movement ecosystem.
Currently utilizing the Move programming language—firstdeveloped by Meta—Movement developers are able to create more efficient and secure smart contracts. If the ETF receives regulatory approval, it will enable investors to gain access through conventional brokerage accounts and retirement funds without the burden of handling tokens directly.
As for the Public Mainnet Beta, it has launched with substantial liquidity, providing immediate utility to the network. This new infrastructure supports the deployment of smart contracts without requiring permission, fully engaging users while calculating transactions in Ethereum.
The Public Mainnet Beta grants users and builders all the advantages that Move and MoveVM offer. It enables streamlined access through the canonical Movement bridge powered by LayerZero, effectively driving an inclusive ecosystem.
For those interested in exploring more about the Movement Public Mainnet Beta, additional details can be found at movementnetwork.xyz or by following their social media handles on Twitter @movementlabsxyz, @movementfdn, @moveecosystem, and @Move_Collective.
The Movement Network Foundation remains at the forefront of the Movement ecosystem, committed to fostering innovation and accelerating the adoption of MoveVM technology. The Foundation oversees the development of the Movement Network, a next-generation solution built with MoveVM and operating within the Ethereum framework. Through programs like MoveDrop and other ecosystem initiatives, it supports developers, projects, and contributors who are building decentralized applications, reinforcing the ethos of a collaborative and dynamic blockchain community.
In conclusion, the Movement ETF application and the rollout of the Public Mainnet Beta mark pivotal moments for both the Movement Network and its stakeholders. If successful, both initiatives could pave the way for innovative approaches to cryptocurrency and blockchain investment, while engaging a larger audience in the decentralized finance space.
Topics Financial Services & Investing）
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