#USA #San Francisco #Movement Labs #Move Industries #Blockchain Ecosystem

Movement Labs Unveils Move Industries: A Transformative Step Forward

On May 8, 2025, Movement Labs, recognized as a leading force in the Web3 space and a core contributor to the Movement Network, unveiled the establishment of Move Industries. Founded by two Movement employees, this new entity is poised to streamline operational structures while introducing innovative leadership.

Leadership Changes

Torab Torabi has been appointed as the CEO of Move Industries, leading a team that includes Will Gaines, who takes on the roles of President and Chief Marketing Officer. Young Yang Liauw, known for his expertise in blockchain engineering, continues to oversee the engineering department. Liauw’s impressive track record includes significant contributions at Aptos, Novi, and Meta, particularly during his tenure with the Libra team.

This restructured leadership is a strategic move aimed at solidifying Movement’s position as a pioneering blockchain ecosystem built on the Move programming language. The driving pillars of Move Industries encompass Community/Brand, Engineering/Product, and Ecosystem/Business Development, all designed to foster enhanced accountability and support the future growth of the Movement ecosystem.

A Commitment to the Community

Reflecting on this significant change, Torabi stated, "Today marks an exhilarating new chapter for Movement. We are putting in place the necessary structures for our company to thrive, dedicated wholly to the builders in our ecosystem and our community, who are at the heart of everything we do. Our team is committed to enhancing on-chain performance, expanding economic activities, and supporting the remarkable projects being developed on the Movement Network. We will do everything possible to fulfill our promises."

The announcement also highlighted the departure of co-founder Rushi Manche and Cooper Scanlon stepping down to allow Torabi to lead the new company. Scanlon shared his pride in the collective achievements and expressed unwavering confidence in Torabi's leadership abilities and vision for the future of Movement, pledging to continue his support for the community.

Enhanced Governance and Transparency

With the establishment of Move Industries, a renewed commitment to improved governance will be implemented. This includes robust oversight measures and transparent decision-making processes, ensuring that the Movement community remains at the forefront of the organization’s mission.

Gaines emphasized the community’s essential role during challenges and triumphs, stating, "With Move Industries, we return to our core principles of self-determination, creativity, and systems that serve people. In this next chapter, we will keep building world-class infrastructure, businesses, and a movement that resonates globally."

The Vision Behind Move Industries

Dedicated to developing a blockchain ecosystem centered on the Move language, Move Industries is led by a team of industry veterans focused on technology and community engagement. The organization aims to reconnect with the fundamental values of cryptocurrency—empowering individuals financially and returning opportunities to the people.

In conclusion, the launch of Move Industries represents a pivotal moment for Movement Labs, embodying their vision for an advanced, community-focused blockchain landscape. With new leadership and a committed team, the future looks promising as they embark on this transformative journey, dedicated to enhancing the Movement ecosystem while staying true to their core values.