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Move Industries Initiates a New Era for Movement Network

On May 7, 2025, Movement Labs, a prominent player in the Web3 realm, unveiled its newest venture, Move Industries. Founded by two key employees from Movement Labs, this initiative aims to streamline operations and reinforce the commitment to its core technologies and governance structures. Torab Torabi takes the helm as CEO, supported by Will Gaines as President and Chief Marketing Officer, with Young Yang Liauw overseeing engineering efforts.

In a bid to uphold Movement's reputation as a leading blockchain ecosystem centered around the Move platform, Move Industries emphasizes three foundational pillars: Community/Brand, Engineering/Product, and Ecosystem/Business Development. With the implementation of enhanced accountability measures, the organization sets the stage for future growth and success within the Movement ecosystem.

Torabi expressed enthusiasm about this major transition, declaring, "Today marks the beginning of an exciting new chapter for Movement. We are laying down the necessary structures to ensure our company thrives, which includes a complete commitment to our ecosystem's developers and community. They are the core of everything we do. Our team continues to work diligently to optimize chain performance, foster on-chain economic activity, and support the remarkable projects birthed within the Movement Network. We will tirelessly strive to fulfill our commitments."

Movement Labs also announced the departure of co-founder Rushi Manche, while Cooper Scanlon voluntarily hands over the leadership to Torabi. Scanlon reflected on his journey, stating, "It has been an incredible experience bringing the Movement vision to life, and I am immensely proud of what we have built together. Torab has been instrumental in Movement's development from the beginning, and I have full confidence in his leadership and vision for the future. I will continue to support Movement and advocate for our mission as the team writes this new chapter."

Move Industries will operate under an improved governance model, ensuring increased oversight from the board of directors and transparent decision-making processes. Gaines highlighted the community's essential role during both triumphs and challenges, stating, "With Move Industries, we return to our foundational principles of self-sufficiency, creativity, and systems that serve people. This new chapter will enable us to continue building infrastructure, businesses, and a top-tier movement."

About Move Industries

Move Industries is focused on building a blockchain ecosystem grounded in the Move programming language while prioritizing community engagement. Led by an experienced team from the industry, Move Industries maintains a dual focus on technology and community, eager to revive the radical roots of cryptocurrency by empowering individuals with financial opportunities. By collaborating closely with developers and community members, Move Industries aspires to create a holistic and inclusive environment that drives innovation and sustainable growth.

For more information, visit their website.