Movement Announces Launch of TGE and Movement Mainnet Beta
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Movement Announces Launch of TGE and Movement Mainnet Beta
Movement will simultaneously launch the MoveDrop program, distributing 10% of $MOVE's maximum supply to the community.
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The Movement Network Foundation—an organization dedicated to advancing innovation and adoption of MoveVM technology—today announced the successful launch of the Movement Labs Mainnet Beta and the token generation event (TGE) for $MOVE, marking a significant milestone as the first Move-based blockchain to successfully integrate with Ethereum.
The Mainnet Beta launch represents the first phase of Movement's production infrastructure. During this stage, infrastructure providers can deploy core network components including follower nodes, RPC nodes, and indexers. Network operators will focus on two key tasks: ensuring correct network synchronization and validating security measures. This managed launch environment lays the foundation for Movement’s innovative “postconfirmations” mechanism, which enables transaction finality in just one second—significantly faster than existing Ethereum scaling solutions that may take minutes or even days.
The Movement Foundation is launching the $MOVE token through its MoveDrop program, distributing up to 1 billion MOVE tokens (10% of max supply) to the community. The MoveDrop rewards meaningful participation and genuine technical contributions, aiming to build a community-driven network where token holders actively participate in securing infrastructure and governance—reflecting Movement’s commitment to sustainable ecosystem development.
Unlike next-generation Layer 1 blockchains operating in isolation, Movement introduces a solution designed to enhance Ethereum’s capabilities. By integrating directly with Ethereum, Movement leverages its robust network effects and security while expanding the pool of secure and innovative applications. With Movement, all Move developers naturally become Ethereum developers.
"What sets Movement apart is our vision for true utility on Ethereum," said Rushi Manche, co-founder of Movement Labs. "By bringing the Move language to the EVM, we're not just creating another L2—we're building a bridge that transforms every Move developer into an Ethereum developer, dramatically expanding the ecosystem's potential."
At the heart of Movement’s appeal is the Move programming language, originally developed for Meta’s Diem project and praised for its enhanced security and expressiveness. Move’s resource-oriented programming model is designed to ensure safe and bug-free smart contract development, eliminating over 90% of audited attack vectors.
"The strength of Movement lies in our vibrant community of over 800 builders and more than 840 contributors who have journeyed with us," said Cooper Scanlon, co-founder of Movement Labs. "The Mainnet Beta launch and MoveDrop are designed to empower developers and users alike to shape the future of Ethereum scaling. Whether you're building on Movement Network, testing new protocols, creating content, or participating in governance, there's a place for you in our ecosystem."
To celebrate this milestone, the Movement Network Foundation has also announced its first NFT initiative—a community-driven competition to create official commemorative artwork for the Mainnet Beta launch.
"Our community has been essential in building Movement, so it’s only fitting they create the art commemorating this historic moment," added Scanlon. "This genesis NFT will stand as a testament to the creativity within our ecosystem." The winning design will be minted as Movement’s first NFT, and the top three submissions will each receive a $1,000 prize.
To learn more about Movement Labs and its Mainnet Beta, visit movementlabs.xyz or follow @movementlabsxyz, @movementfdn, and @Move_Collective on Twitter.
About Movement Labs
Movement Labs develops the Movement Network, a modular, Move-based blockchain ecosystem. The company is building the first Move Virtual Machine Layer 2 for Ethereum and provides open-source tools to accelerate Move adoption across blockchains. Their platform enables developers to easily launch high-performance Move VM rollups, bridging the Move and EVM ecosystems. Through Move Collective, their accelerator program, Movement Labs has nurtured over 12 innovative projects and teams, fostering the growth of Move-based applications. Backed by $38 million in Series A funding, Movement Labs is driving forward Move-based technology and blockchain interoperability in Web3.
Follow Movement Labs on X and Discord for the latest updates.
About Movement Network Foundation
The Movement Network Foundation is the driving force behind the Movement ecosystem, committed to advancing innovation and promoting the adoption of MoveVM technology. The Foundation oversees the development of Movement Network, a cutting-edge Layer 2 solution built with MoveVM and settled on Ethereum. Through its MoveDrop program and ecosystem initiatives, the Foundation supports developers, projects, and community contributors in building the next generation of decentralized applications. Learn more at movementfdn.xyz or follow @movementfdn on X.
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